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Henry Hing Lee Chan:
By Henry Hing Lee Chan - 10 Aug 2018
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.
By Henry Hing Lee Chan - 22 Jun 2017
The issues of income distribution, inequality, and labor market stress at the center of re-globalization will be complicated by the rapid technological development under the 4th Industrial Revolution.
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.