Trumponomics: A Danger to Prosperity?
Will Donald Trump’s presidency pose a danger to the country’s prosperity? Or will it “make America great again” by doubling US economy’s annual growth to 3.5-4.0 percent?
Economy,South Asia
Modi’s Demonetization of Rupee Banknotes: Bold Reform or Reckless Adventure?
Modi explained that the demonetization was to stop counterfeiting of the current banknotes, as these had allegedly been used for funding terrorism. It was also designed to crack down on black money, a term which refers to income illegally obtained or undeclared for tax purposes.
Politics,Economy,China
Xi Heralds Age of China-led Globalization at APEC Summit
Politics,Economy,Hotspots
Politics,Economy,China
China’s Economic Gifts as Extension of its Foreign Policy
China as a “regional bank” is not constrained geographically to Asia. In Latin America, the China Development Bank and the Export-Import Bank of China provided upwards of USD 29 billion to Latin American governments in 2015. In Europe, Chinese FDI increased by 44 percent from 2014 to reach USD 23 billion in 2015.
Economy,Society,China
New Measures to Douse China’s Housing Frenzy
Several factors underpin the latest housing boom in China. The central government’s de-stocking strategy is a big contributor. The easy monetary and cheap credit environment has boosted the development of the capital-intensive real estate industry. The declining supply and the rising price of land have pushed up housing prices in the high-tier cities.
Economy,China
China P2P Lending Under Scrutiny
The Chinese government has prohibited the practices of cash pooling, loan granting, and deposit taking, and has now limited the P2P platform operator’s role to just providing a matching place for lenders and borrowers, acting only as an information rather than a credit intermediary.
Economy,South Asia
India-UK Economic Relations and Impact of Brexit
There is no significant negative impact of Brexit on the Indian economy as both are historical trading partners and both are keen to strengthen and deepen their economic relationship, which is apparent from the fact that both are looking to establish a Free Trade Agreement in merchandise goods.
Economy,Security
The 8th BRICS Summit at Goa, India
The Goa Declaration that was issued at the conclusion of the 8th BRICS summit “strongly condemned terrorism in all its forms and manifestations” — including the “recent attacks against some BRICS countries” — and also pledged that the BRICS nations would work with the G20 to promote “robust and sustainable trade and investment to propel global growth.”
Economy,China
The Shenzhen-Hong Kong Stock Connect Scheme
The China Securities Regulatory Commission and the Securities and Futures Commission have approved the establishment of mutual stock market access between Shenzhen and Hong Kong, known as the Shenzhen-Hong Kong Stock Connect scheme.
Economy,China,Southeast Asia
Cambodia Joins the “Belt and Road”
Chinese President Xi Jinping’s visit to Cambodia in mid-October 2016 marked Cambodia’s entry into the growing group of nations participating in China’s “Belt and Road” initiative. President Xi pledged Chinese investment for infrastructure projects including a high-speed railway and a new airport in Siem Reap.
Economy,China
China’s Property Bubble: What Should Be Done?
The most alarming sign of a Chinese property bubble is the accelerated price movement in recent months. A more than 30 percent year to year price rally across a number of big cities and the sharp increase in mortgage lending have heightened concern that the property bubble is being reinflated.
