ABOUT THE AUTHOR
Henry Hing Lee Chan:
By Henry Hing Lee Chan - 02 Apr 2019
The transformation of Shunde’s town and village enterprises into global manufacturing giants today was not an easy process. This article reviews the growth story of Shunde and its integration into the global economy.
Shunde is a typical case of local development in China’s reform and opening up. This series of articles explores all aspects of its success story. The first article introduces Shunde’s geography, climate, history, culture, transportation and economic structure.
The decision of other signatories to proceed with the JCPOA and the likelihood of a successful new trading arrangement sans US dollar could hurt the international position of the US dollar and the currency will be collateral damage to the current impasse.
Many analysts are looking at the disaggregated July US imports from China because changes in the July importation figure of the affected items are the first tangible data points of how the Chinese exports to the US have been affected.
The incoming Imran Khan government of Pakistan will ask the IMF for a USD 12 billion bailout package, highlighting the new economic reality facing some Belt and Road Initiative participating countries and the need to formulate new rules governing the program.
China used more than 45 percent of global semiconductor production, and it only makes 15 percent of worldwide semiconductors locally. The country ran a trade deficit of USD 193 billion in 2017 on semiconductor trade.
The Juncker-Trump agreement is perceived by some analysts to be a game-changer, signaling that the US is forming a new US-centric world trade order on a bilateral basis excluding its perceived adversaries such as China.