Wednesday, August 23 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 6 hours 6 min ago
China’s shadow banking sector evolved rapidly over the past few years as regulators and financial institutions played a “Whack-A-Mole” game. It occurs in the context of China’s ongoing financial liberalization. Our empirical analysis indicates that the current financial deleveraging and regulation tightening will drag on growth but the impact should be limited.
A few days ago Coparmex presented a document containing a series of tax policy proposals. I believe that some of them are right, while others require more discussion. Here, I refer to one in particular: Coparmex proposes a gradual reduction of the corporate income tax rate from its present level of 30% to 24.6%, which is the average rate applied in the OECD countries
The use of fossil fuels in electricity production is being eroded by the rapid expansion of clean energy. At the global level, installed capacity to generate electricity through wind energy has increased fivefold since 2007, reaching 487GW in 2016. Wind energy is becoming more competitive.
Weekly economic update focusing on the major economic indicators to be released the week of August 21, 2017. Special topic: residential construction
Despite supportive economic fundamentals and generous incentives, demand for new vehicles continues to slow down. Consumers continue to show a strong bias towards light-trucks, which reached 63% of total sales in July. The alternative fuel segment continues to expand, a substitution effect is taking place between hybrid-gasoline and increasingly reliable PHEV and BEV.
Did you know that the electric vehicle (EV) was invented in the nineteenth century, around fifty years before the internal combustion equivalent? In the 1910s, a third of automobiles circulating in the US were electric.
It is little known that Latin America is a region which is as urban as developed economies and much more so than other emerging regions. How can the region take advantage of the opportunities generated by its high level of urbanisation?
After registering a stronger-than-expected performance in the first half of the year, Chinese economy started to show more signs of moderation in July, in line with our expectation. In particular, the authorities’ prudent monetary stance and stepped-up regulatory efforts to tackle a number of financial vulnerabilities seemingly have transmitted to the real economy.
Weekly economic update focusing on the major economic indicators to be released the week of August 14, 2017. Special topic: the U.S. yield curve
The strong performance of the RMB exchange rate in recent months has surprised the market, behind which are a confluence of factors: (i) a steep deprecation of US dollar against other major currencies; (ii) the stronger-than-expected growth momentum in China; (iii) the effective implementation of a series of measures aiming to “promote capital inflows and limit outflows”.
The housing inventory continues to fall and is located below 250 thousand units. CNBV publishes its Report on Financial Savings and Financing in Mexico with figures to March 2017. Banco de México publishes a tool to analyse the conditions of automotive loans. Key regulation issues for Fintechs and financial services
The next monetary policy meeting will be held on Thursday August 10th. We expect Banxico to hold the reference rate at 7.0% inaugurating a period of monetary pause