15 July 2018

Macro Economy

  • After announcing sanctions on ZTE last month, the Trump administration is now looking for a way to help the Chinese telecom equipment maker 'get back to business'. Photo: Bloomberg

    Trump defends decision to revisit ZTE ban

    May 15, 2018 9:42am
    US President Donald Trump on Monday defended his decision to try and help ZTE Corp “get back into business”, after his administration earlier banned American firms from selling components to the Chinese telecom equipment maker. In...
  • ZTE suspended its main operations after the United States banned its companies from selling to the Chinese telecoms equipment maker for seven years. Photo: Reuters

    Trump vows to help ZTE ‘get back into business’

    May 14, 2018 9:15am
    US President Donald Trump promised to help ZTE Corp. “get back into business, fast” after his administration’s export ban crippled the Chinese telecoms equipment maker, offering a job-saving concession to Beijing ahead of high-stakes trade talks...
  • Republican Senator Marco Rubio has unveiled the ‘Fair Trade with China Enforcement Act’, in the latest move by US lawmakers to punish Beijing for alleged commercial malpractices. Photo: Reuters

    US senator introduces bill targeting Chinese industry

    May 11, 2018 9:31am
    US Senator Marco Rubio announced legislation on Thursday that would bar the sale of “sensitive” technology to China and hike some duties and taxes, Reuters reports. In the latest move by US lawmakers to clamp down...
  • A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during the two-day talks. Photo: Reuters

    US, China commit to solve trade dispute through dialogue: Xinhua

    May 4, 2018 3:37pm
    China and the United States have reached a consensus on some areas of their trade dispute but still have relatively big disagreements on others, China’s official Xinhua news agency said in a microblog post on Friday....
  • US Treasury Secretary Steven Mnuchin (center) and the US delegation for trade talks with China leave a hotel in Beijing on Thursday. Photo: Reuters

    US trade team arrives in Beijing for talks, China media cautious

    May 3, 2018 1:53pm
    A US trade delegation arrived in Beijing on Thursday for key talks over tariffs, with Chinese state media saying China will stand up to US bullying if needed but that it was still better to hash...
  • Senior officials of the United States and China are talking in Beijing to ease worsening tensions in their trade relationship. Photo: Bloomberg

    Breakthrough in US-China talks seen unlikely

    May 3, 2018 8:09am
    The most likely outcome for tense US-China trade talks launching on Thursday is an agreement to keep talking, with US President Donald Trump maintaining his threat to press ahead with punitive tariffs on Chinese goods, Reuters...
  • Fed chairman Jerome Powell has maintained that the US central bank will pursue a middle-of-the-road approach to monetary policy. Photo: Reuters

    Fed leaves rates unchanged, says inflation near goal

    May 3, 2018 7:18am
    The Federal Reserve held interest rates steady and expressed confidence that inflation is moving closer to its target, leaving it on track to raise borrowing costs in June, Reuters reports. The upgrading of the Fed’s inflation...
  • China's central bank is expected to raise interest rates this year as it seeks to maintain the policy rate differential with the US, which continues to normalize its rates. Photo: Bloomberg

    Opportunities in Asian fixed-income but trade tension a key risk

    - May 2, 2018 5:00pm
    Emerging markets (EM) and the Asian fixed-income segment proved their resilience during the recent bout of volatility in the financial markets. As of this writing, EM outperformed developed markets year to date, with Asian markets having...
  • As part of Xiong’an green development initiative, ecological restoration work will be carried out in Baiyangdian wetland.  Photo: China Daily/VCG

    China to test new development model in Xiong’an

    - May 2, 2018 10:21am
    The China-US trade row is still evolving, casting a shadow over foreign trade and the manufacturing sector of Asia’s largest economy. To balance the country’s economic growth structure, investment and domestic consumption will play a critical...
  • The US will have quotas and other restrictions in place on steel and aluminum imports, White House trade adviser Peter Navarro said on Tuesday. Photo: Bloomberg

    US mulls quotas on steel, aluminum after extending deadline

    May 2, 2018 9:00am
    US officials are pushing for quotas and “other restrictions” on steel and aluminum imports, a top trade official said on Tuesday after the White House announced a month-long extension of tariff exemptions for Canada, Mexico and...
  • The rise of cryptocurrencies has created a unique opportunity for market forces to spearhead a shift toward a truly neutral reserve asset, experts say. Photo; Bloomberg

    From dollar to e-SDR

    Apr 30, 2018 3:46pm
    As the risk of a US-China trade war mounts, creating a geopolitically neutral and fair monetary system has become increasingly urgent. The shift from a unipolar to a multipolar world order has not been particularly orderly....
  • US Trade Representative Robert Lighthizer is due to travel to China this week for talks on US demands for changes in Beijing’s trade and intellectual property policies. Photo: Bloomberg

    US keeps China, puts Canada on IP priority watch list

    Apr 30, 2018 7:36am
    The Trump administration labeled 36 countries as inadequately protecting US intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices, Reuters reports. The US...
  • The EU is said to have made a formal request to join the WTO consultations in relation to the US-China steel tariffs row. Photo: Bloomberg

    EU seeks to join US-China steel dispute at WTO

    Apr 24, 2018 9:36am
    The European Union asked on Monday to join a dispute brought by China to the World Trade Organization (WTO) over US import tariffs on steel and aluminum, Reuters reports. The Trump administration had set duties of...
  • Shenzhen has developed an ecosystem that has substantially shortened the product development cycle for a much lower cost. Photo: Reuters

    Why rampant copying hasn’t stopped Shenzhen’s advance

    - Apr 23, 2018 10:22am
    Shenzhen is known as the capital of knockoffs. If a company wants to leverage on Shenzhen’s strong manufacturing ability, it has to be prepared for the very real possibility of its proprietary ideas being copied. That’s...
  • Vietnam reported an inflation-adjusted GDP growth of 7.4 percent in the latest quarter, outpacing China, and is on track to maintain a similar level of growth for the year. Photo: Bloomberg

    The ‘Next Eleven’ and the world economy

    - Apr 23, 2018 10:21am
    On a recent holiday in Vietnam, Cambodia, and Laos, I couldn’t resist thinking about these countries’ economic potential and ongoing policy challenges. After all, in 2005, my Goldman Sachs colleagues and I had listed Vietnam as...
  • Household consumption as a share of GDP fell in 2017 after consistently rising for six years. Photo: Reuters

    Is China’s economy really rebalancing?

    - Apr 20, 2018 4:04pm
    Amid the media attention to a potential trade war, a new debate is emerging over whether China’s economy is finally rebalancing. Some commentators have proclaimed that the Chinese economy is rebalancing at last. We, however, would...
  • The Bank of England is likely to increase its base rate in May. Photo: Reuters

    Positive macro environment prevails despite global tensions

    - Apr 19, 2018 11:43am
    Uncertainty around Syria, Russia and the United States-led trend towards more protectionist and confrontational trade policies is providing political headwinds for financial markets. Nonetheless, we reaffirm our positive macro assessment. Protectionist policies will add to the...
  • The bright outlook for the US economy is likely to support the core view among Fed policymakers for at least two and perhaps three more interest rate increases this year. Photo: AFP

    US economic growth on track despite tariff concerns: Fed report

    Apr 19, 2018 9:04am
    Robust business borrowing, rising consumer spending, and tight labor markets indicate the US economy remains on track for continued growth, the Federal Reserve said, with the risks of a global trade war the one big outlier....
  • Studies conducted by IMF staff and others in the wake of the financial crisis have concluded that banks need much more loss-absorbing equity. Photo: Bloomberg.

    Is the financial sector safe enough yet?

    - Apr 18, 2018 11:58am
    A decade after the global financial crisis, policymakers worldwide are still assessing how best to prevent bank failures from tanking the economy again. Two recent publications – one from the US Department of the Treasury, and...
  • Broadening the tax base will require new approaches to measuring value in the economy. Photo: Bloomberg

    Rethinking the 21st century economy

    - Apr 17, 2018 3:58pm
    Before the threat of a US-China trade war arose, surging stock markets and corporate profits had obscured the fact that the global economic system is under existential stress. Global financial stability remains considerably in doubt. Indeed,...

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