The week that was: China GDP growth falls to 7.4%; government may ease controls on housing market; and Tencent to bring popular game Candy Crush to WeChat. China’s growth falls short of the target China’s first quarter GDP growth is not so glamorous—in fact, the 7.4% rate is an 18-month low, according to The Wall Street […]
Stephen Roach on the US and China’s Unhealthy Codependency
Stephen Roach, former Chairman of Morgan Stanley Asia, believes that the US and China’s codependency will lead to further imbalances in the global economy. In June last year, an unlikely set of visitors descended upon a private estate at the edge of California’s Mojave Desert. Over the next two days, the leaders of the two […]
Stephen Roach: China is moving to a healthier growth model
According to former Morgan Stanley Asia Chairman Stephen Roach, China is transitioning to a more stable economic model with a greater—and healthier—emphasis on consumption and services. China’s economy is showing more signs of slowing down, but it’s the interpretation of the slowdown that really matters. Some, like billionaire investor George Soros, warn that China’s economy is “running out […]
China Roundup: Panasonic’s Pollution Compensation and Alibaba IPO Heads for US Shores
The week that was: Panasonic offers China-based Japanese workers hardship allowance; Alibaba IPO to reportedly happen in New York and not Hong Kong; tech giants plan to issue virtual credit cards; and premier Li Keqiang acknowledges the 7.5% GDP growth target is flexible. Panasonic’s air pollution compensation There seems to be a silver lining in China’s pollution […]
CHINA ROUNDUP: Chinese GDP growth target at 7.5%; more austerity measures; and war on smog
The week that was: Beijing hosts the annual CPPCC and NPC meetings; Chinese GDP growth target for 2014 announced; austerity measures in full force; and solar cell company heads for China’s first corporate bond default. All eyes this week, understandably so, are on Beijing where delegates from all over China have gathered for the two […]
“17% of Global Innovation is Coming From Emerging Markets”
Texas A&M’s Venkatesh Shankar on how emerging markets are reshaping the global innovation architecture. The year 2007 marked a major turning point for General Electric Corporation (GE). For the very first time, in GE’s more than century-old history, the company earned more from its operations outside of the US, than within. That, as the company revealed, […]
The World Trade Organization’s Bali Package: Good News for China
The World Trade Organization’s Bali deal is likely to boost China’s economy tremendously. Here’s how. Eighteen years since its founding and one day after the current round of trade liberalization talks’ scheduled end, on 7th December 2013, the 159 members of the World Trade Organization (WTO) finally did something few observers expected: they agreed on something. […]
End of the Road for China’s Exports?
An abrupt slump in China’s exports in the first half of 2013 raises questions over the role of exports as the country’s main economic growth driver. Business last year was the worst that Yang can remember since she began working for Yongli Suitcase in Wenzhou, a coastal city renowned for its freewheeling entrepreneurialism, eight years […]
What Plagues FDI in Retail in India?
FDI in retail in India is a prickly issue. For years, the proposed policy to allow foreign retailers to set up shop in the country was in limbo. Finally in 2011, the government eased the rules governing foreign direct investment (FDI) in both multi-brand retail as well as single-brand retail. Foreign retailers were […]
China’s innovation ability is massively underrated
Centuries ago, China was known as a greater inventor, famous for the Big Four inventions: the compass, gunpowder, papermaking and printing. But today, technology breakthroughs like that can barely be seen anywhere except in the history books, and ‘Made in China’ has often come to stand for mass-produced, cheap and commoditized. But can China […]
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