Posts Tagged ‘china

For those who are interesting I have written just had an article on the economic and financial transition of emerging markets in IPE magazine (free registration needed to read). However, I have not pasted the text here as it reflects the views of the interviewees more than my own.

The world’s economic fortunes depend more than ever on China’s performance. So when an expert claims that the Asian giant is facing formidable challenges his arguments should be considered carefully. Fraser Howie certainly qualifies as a specialist in Chinese finance. He has written three books on the subject including most recently Red Capitalism:The fragile financial foundations […]

I will be participating in a debate on the Global 10 billion – something to celebrate? at the Mantownhuman summer in London at 12.30am on 16 July. The other panelists will be Danny Dorling (a professor of geography at Oxford university) and Philippe Legrain (the author of Immigrants: your country needs them).

The emergence of London as a centre for trading in the Chinese currency points to both the strengths and weaknesses of the British economy. It is certainly a coup for London that the Chinese authorities have agreed to launch direct trading between the renminbi and the pound on the capital’s foreign exchange market. This will build […]

This column was first published in the June edition of Fund Strategy. A momentous event in modern world history is scheduled for 2 November. That is the day China is scheduled to overtake America as the world’s largest economic power. The forecast is not by some crank but by Kaushik Basu, the chief economist at the […]

This article first appeared in this week’s Fund Strategy magazine. Germany has, for the time being at least, replaced China as America’s lead villain in the world economy. The discussion of global economic imbalances is back but the main bogeyman this time around is European rather than Asian. America turned the heat up on Germany […]

Western commentators are often far too quick to draw sweeping conclusions about China on the basis of limited knowledge. I was reminded of this tendency after following discussions about an article in the Financial Times about young Chinese allegedly shunning factory jobs. The article was based on an interview with Terry Gou, the founder of […]

I had not expected the audience of Chinese financial regulators to laugh hysterically at my remarks on the eurozone economy. It took a further five minutes for their conversations in Mandarin to subside. The subject of my talk, the future of the eurozone, normally invites anxiety rather than mirth. My goal was to outline the […]

This Fund Strategy cover story on “tapering” – the gradual reduction in monetary support for the economy by America’s Federal Reserve – was first published on 21 August. An accompanying chronology can be found here. Are central bankers preparing to turn down the money tap? The pronouncements by Ben Bernanke, the chairman of America’s Federal […]

This is my Perspective column from this week’s Fund Strategy magazine. Many experts have long argued that the developed countries, particularly America, are switching towards a “knowledge economy” and away from industrial production. The trouble is, by some measures at least, this trend seems to have at least partially reversed recently. It is true that […]