TSAI ING-WEN faces a number of domestic economic and social challenges — and a hostile Communist Party leadership in China determined that she will be a one-term President . . .
WHERE NOW for Hong Kong? China is willing to help when it comes to Hong Kong’s economy, but there is a direct link, says business, between economic growth and basic rights, freedoms and rule of law. Take these away and Hong Kong becomes just another Chinese city . . .
FDI was up 12.5% to US$22.76 billion in 2015 and the drought has broken, allowing the Government to plan future growth . . .
GROWTH in trade follows recovery in commodity prices, says CLSA’s Head of Economic Research, Eric Fishwick. It was the collapse incommodities that impacted Government revenue in emerging markets, causing those Governments to pull back on imports . . .
XI JINPING’s achievements in his first term have been impressive. One is the anti-corruption campaign, the second, reform of the PLA. Does he have plans to stay on till 2027 — in the Putin mould . . .
“WE have to be careful not to slip into accidental confrontation,” says Pippa Malmgren. “Right now, opposing fighter jets and spy planes are flying within 20 feet of each other. We could have an accident very
Malmgren, a respected consultant to governments and business, is former policy adviser to U.S. President, George W Bush. She lists some of the key geopolitical risks she sees today – the rise of China; breakup of the European Union; inflation; and the outcome of the US election . . .
INDIA’s new GST from next year should see an overall reduction in taxes on goods and services as local and national levels of taxes and levies collapse into a single payment. Business is ecstatic as it looks forward to higher growth, more foreign investment, cost savings and a more competitive economy. The unified system should also reduce corruption – and throw new light on the nation’s black economy, currently estimated to be reaping US$1.4 trillion a year . . .
CHINA hopes to build close partnerships with financial institutions, enterprises, multilateral development institutions and governments, says Jin Qi, CEO of the Silk Road Fund . . .
IN its broadest definition/vision, China’s Silk Road project could include 65 countries, involving 4.4 billion people and about 60 per cent of world GDP, says economist Stephen Jen. China has already signed Belt-and-Road MoUs with about 30 countries . . .
HSBC Group Chairman Douglas Flint asks if Belt-and-Road could be the catalyst for infrastructure to become acceptable as an asset class? “There is huge demand from the retirement systems for long-dated assets,” he says. “Investors are sick of the low growth environment.”
GOVERNMENT pledges to undertake structural reforms, such as liberalising foreign investment and land use, will help catalyse the effects of higher Government spending . . .
ONLY 14 per cent of bank lending today goes to business to enable it to invest, and the businesses that suffer most are small businesses. “The world has changed,” says Efic’s Managing Director, Andrew Hunter . . .
HE WOULD be the last person to suggest it, but Benjamin Chau probably knows more than most about the intricacies of nurturing business-to-
business and business-to-consumer relationships in Asia. For 20 years he has headed the team now crafting 35 trade fairs, including 11 of Asia’s largest, five of which are the world’s largest, for the Hong Kong Trade
Here, Chau explains how he entices buyers and sellers to ‘dance’
together, and how he creates new concepts to increase visitor numbers. Last year he hosted 37,000 exhibitors and 760,000 buyers from 86
countries and regions, while driving 24 million inquiries through the
HKTDC’s dedicated website . . .
AUSTRALIA and Singapore are working towards a Closer Strategic Partnership (CSP) modelled on Australia’s Closer Economic Relations (CER) agreement with New Zealand . . .
MANY ECONOMISTS - agree that Beijing will show “forbearance” toward China’s distressed corporate borrowers, but the same people also agree that Beijing will not be able to forestall a collapse of confidence should an unforeseen “black swan” event occur. For China, the “black swan” could come in the form of a fraud in peer-to-peer (P2P) lending or in China’s online payment systems, such as Alipay. A new scandal would almost certainly lead to destruction of consumer confidence, they say . . .