Showing 1-10 of 174 results
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China needs to eliminate its market contradictions
News, Michael Schuman, Published on 11/01/2016
» Another tumultuous week for China's stock markets has dealt yet another blow to global confidence in Beijing's policy makers. Each tripped circuit-breaker and policy reversal has underscored the inherent contradiction China faces -- between the leadership's desire for the certainty of state control and the benefits of free markets.
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Global disarray as institutions falter
News, Thitinan Pongsudhirak, Published on 17/08/2015
» The international system as we know it is unravelling. Rules and institutions that were set up seven decades ago no longer hold the same weight and authority as they used to. As we grapple with an exacerbating global disorder, established powers and players and old rules and institutions need to be revamped and reinvented to accommodate new realities. Otherwise global tensions will mount, most probably accompanied by confrontation and conflict.
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Age-old nature of the 'New Cold War'
Oped, Thitinan Pongsudhirak, Published on 19/11/2021
» History is back with a vengeance. Contrary to what proponents of the "end of history" theory said a few decades ago, the ideological struggle of the 20th century between the "free world" versus "the socialist-communist" camp is still ongoing, despite the Cold War ending over three decades ago. The struggle now features the United States-led Western alliance versus the China-centric global network of nations with authoritarian tendencies.
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Don't count on a crash from a Trump trade war
News, Noah Smith, Published on 22/11/2016
» Talk of war is in the air -- trade war!
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Xi's not for turning? Don't be so sure
News, Published on 05/12/2018
» As president-for-life, China's Xi Jinping is neither bound by rules nor limited by rivals. He has upended a careful political balance by concentrating power in his own hands, and overturned a cautious approach to foreign policy, while throwing in jail anyone he views as a threat. China's most dominant leader since Mao Zedong now has 90 days to head off an all-out trade war with the US provoked, in part, by his own mercantilist policies. Can anybody convince him to make a U-turn?
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No one can win a global currency war
News, Satyajit Das, Published on 18/08/2016
» It has been a year since a sudden, 1.9% decline in the Chinese yuan rattled global markets and prompted fears of a global currency war. China has mostly soothed nerves by moderating the renminbi's swoon since then. But what should really put minds to rest is the knowledge that no one could win a true currency war today.
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As dollar spikes, can China win the 'currency war'?
News, Published on 19/10/2022
» With the Federal Reserve maintaining high-intensity rate hikes, the currencies of China, Japan, and South Korea, all major Asian economies, have been more or less affected to varying degrees, and are under increasing pressure of depreciation. The exchange rates of the Chinese renminbi (with the offshore exchange rate as a reference), the Japanese yen, and the South Korean won have all depreciated significantly with the appreciation of the US dollar. As the three Asian countries share similar economic structures, most are on the main manufacturing output side. Many believe currency devaluation will be beneficial to exports, which is conducive to long-term economic stability.
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We will all be losers in a currency war
News, Umesh Pandey, Published on 14/08/2015
» The move by the People's Bank of China (PBoC) to slash the value of the yuan by the most in nearly two decades is a significant step for the slowing Chinese economy that has been looking for a way to revive itself.
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Currency war poses threat to the global economy
News, Published on 17/02/2015
» Six and a half years after the global financial crisis, central banks in emerging and developed economies alike are continuing to pursue unprecedentedly activist — and unpredictable — monetary policy. How much road remains in this extraordinary journey?
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British petulance is shaping European Union's future
News, Gwynne Dyer, Published on 24/02/2016
» What would you call a country that called for "a structure under which [Europe] can dwell in peace, in safety and in freedom ... a kind of United States of Europe" at the end of the Second World War (Winston Churchill, 1946), but refused to join that structure when its European neighbours actually began building it (European Economic Community, or EEC, 1957)?
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