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Henry Hing Lee Chan:
By Henry Hing Lee Chan - 22 Jun 2017
The unexpected election result that saw the Conservative Party losing its parliamentary majority plunged the UK into political instability and raised the spectre of an exit from Brexit — an almost unthinkable black swan event.
By Henry Hing Lee Chan - 07 Jun 2017
India, a notable absence from the BRI, raised the issues that the projects do not follow internationally-recognized norms of good governance, rule of law, openness, transparency, and equality.
Yu’e Bao is a repository for leftover cash from online spending. The speedy growth of the fund highlights the pervasive role now played by technologies, which at the same time disrupts important erstwhile state-controlled economic pillars such as finance.
The rise of Uber and the challenges it now faces illustrate the pitfall of innovation. While one cannot argue against the sharing economy aspect of Uber, one cannot also ignore the regulatory arbitrage issues raised by the taxi drivers.
The bankruptcy of Westinghouse raised the spectre of a Chinese takeover of the nuclear power plant projects. Bloomberg reported that cabinet officials had been involved in discussions about how to keep Westinghouse out of the control of a Chinese entity.
The campaign rhetoric of Trump and the shift of Duterte to “pivot to China” seem to indicate a new sense of realism in their thinking. People now want good governance that can deliver a good and stable life for themselves rather than lofty ideas of taking care of thy neighbors.
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.
Rodrigo Duterte’s silence on the US-Philippines mutual defence treaty ensures a certain degree of US influence on Philippine foreign policy. His posture on foreign policy independence to steer clear of big power rivalries and taking domestic issues as national priorities can meaningfully lower tensions in the South China Sea.