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Henry Hing Lee Chan:
By Henry Hing Lee Chan - 05 Oct 2018
The decision of other signatories to proceed with the JCPOA and the likelihood of a successful new trading arrangement sans US dollar could hurt the international position of the US dollar and the currency will be collateral damage to the current impasse.
By Henry Hing Lee Chan - 26 Sep 2018
China used more than 45 percent of global semiconductor production, and it only makes 15 percent of worldwide semiconductors locally. The country ran a trade deficit of USD 193 billion in 2017 on semiconductor trade.
The Juncker-Trump agreement is perceived by some analysts to be a game-changer, signaling that the US is forming a new US-centric world trade order on a bilateral basis excluding its perceived adversaries such as China.
The unexpected election result that saw the Conservative Party losing its parliamentary majority plunged the UK into political instability and raised the spectre of an exit from Brexit — an almost unthinkable black swan event.
Out of the top ten biggest companies by market capitalization at the end of May 2017, seven belong to the new economy. Except for the third-ranking Microsoft, none of the other six was a household name twenty years ago.
The issues of income distribution, inequality, and labor market stress at the center of re-globalization will be complicated by the rapid technological development under the 4th Industrial Revolution.
India, a notable absence from the BRI, raised the issues that the projects do not follow internationally-recognized norms of good governance, rule of law, openness, transparency, and equality.
Yu’e Bao is a repository for leftover cash from online spending. The speedy growth of the fund highlights the pervasive role now played by technologies, which at the same time disrupts important erstwhile state-controlled economic pillars such as finance.