AIIB update, mid-2016

Canada Applies to Join AIIB - WSJ AIIB, officially established in December last year, currently has 57 members and is starting out with $100 billion in capital. It was seen as a propaganda victory for China when U.S. allies such as the U.K. and Germany joined. At its…

Economic slowdown in China

How is the slowdown affecting various Chinese regions? If we look at average growth rates between 2009-12 and then the latest 3 years of data (2012-14, because 2015 GDP is still only available for China as a whole), it is clear that all provinces have gone through a downward adjustment:…

Globalization is evolving, not receding

The loudest voices in the West come from “globalization pessimists”. Some deny that cross-border trade and international engagement and cooperation are beneficial. A separate group believes countries should work together, and trade makes sense for developed and developing countries alike – but gloom permeates this camp as well. The timidity of…

Happening in China - May 2016

The Economy Sovereign funds ignore climate risk — FT.com "The world’s largest government-backed investment funds have been accused of ignoring the risks climate change poses to their portfolios despite warnings it could hurt returns and make high-carbon investments worthless. Research from the Asset Owners Disclosure Project, a non-profit…

Gary Becker on freedom in China

Six years ago, Gary Becker wrote: The jump from middle-income to rich status is much harder to achieve than the ascent from poverty. But there are plenty of reasons to believe China's growth prospects remain strong. ... [despite exceptions like Singapore and Chile] personal freedom has grown along with rapid economic…

Happening in China - April 2016

The Economy Here comes the modern Chinese consumer | McKinsey & Company: "When asked about their expectations regarding future income, 55 percent of consumers we interviewed were confident their income would increase significantly over the next five years—just two percentage points lower than in 2012. (By comparison, just 32…

Houses with price tags of islands: Real Estate in China

On Friday, May 1st (2015), the following words appeared in a corner of the front page of the Financial Times: "Something is wrong when a 1,000 sq m McMansion overlooking a rubbish-strewn wasteland in suburban Beijing has the same $8m price tag as a whole Caribbean island."…

Happening in China - March 2016

News China state firms seen boosting green energy investment in Australia - Yahoo News China makes gains, faces hurdles in extending financial services - Chinadaily.com.cn LinkedIn s’étend en Chine Heard in the Hutong: Beijingers on Chinese Students in the U.S. - China Real Time Report -…

United Kingdom's trade with the rest of Europe

Share of UK's trade with the rest of the EU (percent) table.tableizer-table { font-size: 14px; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 8px; margin: 5px; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; } 2004 2014  Imports56.153.0 Exports58.947.9 Average57.550.5 The table shows how much the…