In The News

Goldman Fund Walks Away From BRICS Era

Ben McLannahan November 10, 2015
The economies of China, India, Brazil, Russia and South Africa, with 42 percent of the world’s population, totaled about 22 percent of global gross domestic product in 2015, as projected by the International Monetary Fund. The US economy represents the same share of global GDP with about one-tenth of the BRICS’s population. A former chief economist of the investment bank Goldman Sachs coined the...

The Silk Road – Old and New

Nayan Chanda October 26, 2015
In the summer of 2011, the US secretary of state called for a “new Silk Road” throughout Asia, investment in trade and infrastructure to counter extremism. China used the term But then China used the term for its own ambitious plans. “President Xi Jinping launched with fanfare an ambitious New Silk Road project on land and sea,” writes Nayan Chanda for Global Asia, a publication of the East Asia...

China Stock Turbulence Will Boost Our Real Estate: Australia's Treasurer

David Uren September 10, 2015
The newspaper headline is repeated in New York, Sydney, Vancouver, Seattle and London – turbulent Chinese markets could boost real estate prices in foreign markets. China investors buy homes in major cities and also take advantage of immigration programs, including the EB-5 program in the United States which provides green cards to foreigners who invest in job-creating businesses, including real...

View on China’s Meltdown: The End of a Flawed Globalization

September 4, 2015
The stock market declines in China herald a new era with fewer imbalances. The economic slowdown was expected and may signal other countries are developing and restoring capabilities to manufacture. US consumers have eased spending and can no longer be depended on to snap up exports from around the globe. China oversaw a huge economic expansion, lifting many from poverty. The government invested...

China’s Market Rout Is a Double Threat

Keith Bradsher and Chris Buckley July 10, 2015
China’s stock markets have bounced back, but the strong of losses may have dented investor confidence in the government’s ability to control those markets. The abrupt loss of Chinese shares’ value over the course of a few weeks, equal to six times Greece’s foreign debt, and a general downturn in the economy poses a threat to the global economy, report Keith Bradsher and Chris Buckley for the New...

To Save Its Stock Markets, China Is Putting Its Whole Financial System at Risk

Gwynn Guilford July 8, 2015
Stock prices in China doubled in value over the last year before moving downward, losing 30 percent since mid-June. The country’s leaders struggle to stabilize the markets by cutting interest rates and encouraging large purchases by large brokerages and insurance companies. Rules for buying on margin were loosened. Such interventions may not calm nerves. “In recent days, the Chinese government...

Central Banks: Printing Money Delays Domestic Structural Reforms

Will Hickey June 30, 2015
Countries are waging currency wars in competition over export markets, jobs and foreign investment – printing money, taking on more debt, rather than pursuing serious and needed domestic structural reforms. “Without deeper structural reforms that encourage consumption, innovation and a secure safety net ensuring certainty, the democratic governments will eventually flounder and citizens will vote...