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Policy uncertainty weighs on world trade, says World Bank paper

February 21, 2017

WASHINGTON — Global trade growth has continued to be slow for a fifth consecutive year, with 2016 showing the weakest trade performance since the 2008-2009 global financial crisis. According to a new paper, preliminary data suggest that world merchandise trade grew by a little more than 1% in 2016 compared to 2% in 2015 and 2.7% in 2014. 
Nevertheless, the growth of services trade continued to be relatively resilient, and recovered slightly following a decline in 2015, according to a new World Bank paper, Global Trade Watch: Trade Developments in 2016.

Shenzhen offers cash prizes, access to venture capital, for smart entrepreneurs

February 13, 2017

SHENZHEN – The launch of Shenzhen’s first Innovation and Entrepreneurship International Competition is being seen as a bold move by Shenzhen authorities to attract more leading edge ideas and high-tech skills to a city that is already at the heart of China’s global success in new fields of technology.

Interest rates to rise in China as PBOC lifts interbank rate

February 6, 2017

SINGAPORE - The decision last week by China to edge up the interbank rate by 10 basis points to 2.35% is a “very clear signal” by the Chinese central bank that it will introduce short-term rates as benchmarks for bank lending rates, according to Iris Pang, senior economist at Natixis. She told ATI that Chinese banks previously have used deposit and lending rates as their benchmark.

Real growth rate to frustrate investors in 2017 - Nikko

February 7, 2017

TOKYO – A briefing note from Nikko Asset Management says the cumulative positioning of investors in companies and asset classes that are deemed safe in a “lower for longer” environment is undergoing a significant test at present. “The scale and duration of changes to date suggest that more capitulation is likely if the policy measures being promised by President Trump are enacted,” it says.