ABOUT THE AUTHOR
Henry Hing Lee Chan:
By Henry Hing Lee Chan - 08 Jul 2016
MSCI Inc.’s decision on June 14, 2016 to not include China A-shares in the MSCI Emerging Market Index is seen by some analysts as a blow to the country’s efforts in raising its stock market profile and turning the RMB into an international currency.
The domestic conditions that Trump has addressed in this US presidential election include a yearning for a restored middle class, a sense of increasing economic insecurity, and anger over wage stagnation and widening inequality. This domestic-centric sour national mood will spill over into US foreign policy.
Rodrigo Duterte won the 2016 presidential election in the Philippines with a convincing victory. Duterte’s Trump-like rhetoric has caused considerable anxiety among the country’s ASEAN neighbors with regards to the South China Sea impasse.
Greenpeace recently released its China air quality survey for the first quarter of 2016 and the results indicate improvements in most parts of the country. PM 2.5 levels across 355 Chinese cities surveyed fell 9 percent as compared to the same period in 2015.
China’s three financial sector regulators are launching major reviews of new innovations implemented in the past few years that have been blamed for the chaos in the financial sector in the second half of last year and early this year.
The Beijing Consensus is simply three theorems about how to organize the place of a developing country in the world. Just like the Washington Consensus, it contains many ideas that are not all about economics, but also about politics and the global balance of power.
The present market structure of China might give Tobin tax a good chance to succeed if its objective is to stabilize short term capital flow and exchange rate volatility.
The importance of innovation which the Chinese government puts on economic growth merits a review of the issue and the lesson of productivity paradox in which the US experienced will hopefully shed some light.