Wen Xin Lim is a Research Associate at IPP Review. She worked as a Research Assistant at the East Asian Institute, National University of Singapore from 2014-2015. She obtained her B. Soc. Science (Hons) in Economics & Chinese Studies from the National University of Singapore in 2013.
ABOUT THE AUTHOR
Wen Xin Lim :
By Wen Xin Lim - 11 Jul 2017
China’s knowledge sharing platforms have gained popularity recently as celebrities and professionals have started to turn their knowledge into cash and make money from news and digital content.
In 2015, China’s capital outflow rose to nearly USD 1 trillion. The exodus of capital continued to surge in 2016, which prompted the government’s efforts in imposing new restrictions on yuan movements.
While the US economy is driven by multiple factors including innovation, business sophistication, market size, financial market development, labor market efficiency, and higher education and training, high tax rates and tax regulations remain the two most important downsides of doing business in US.
Bloomberg reported in November 2016 that Chinese developers were spearheading the USD 100 billion Chinese-made city in Johor Bahru, a city at the southern tip of Malaysia and bordering Singapore, to turn it into the next Shenzhen.
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.
The title of “core” has more than a symbolic meaning for Xi Jinping. Xi has to make good use of his increased power to address power struggles within the party so as to unite the CPC; to execute his reform plan for sustainable economic growth; and to lead China into a path of socialism with Chinese characteristics.
Many observers commented that the quality of the presidential debates was far worse than they had expected. Remarks and comments made by both candidates had little to do with policies but a lot to do with personal attack or disparagement.
Lauded as a great success by Chinese President Xi Jinping, the Hangzhou G20 Summit came to a conclusion on September 5, 2016 with its final communique confirming the necessary consensus for the G20’s long-term vision.