Legal change by State Council would end cap on Chinese banks’ lending
BEIJING | June 27, 2015 | By Wu Hongyuran via Caixin | Loan levels would no longer be limited to three-quarters of deposits if legislature approves amendment approved by cabinet.
World economy
Economic expansion ahead?
The Corner | June 26, 2015 | Three key issues are capturing market players’ attention this quarter: Greece, the next Fed moves and domestic policies. Once we overcome those uncertainties we’ll see a global expansionary cycle that could last for 3-5 years, Bankinter analysts believe.
US Fed to adapt stress test for insurance companies
The Corner | June 25, 2015 | The U.S. Federal Reserve is adapting its stress-testing framework to cover the three global insurance companies that it supervises, since their failure could seriously jeopardize the economy.
Four roadblocks to a global climate agreement
June 24, 2015 | By Jean Pisani-Ferry via Caixin | As the pace of action looks set to rumble on, countries should seek to make progress on resolving several key issues including the free-rider problem.
The Chinese labor market: Retooled by consumption pattern
BEIJING | June 23, 2015 | By Ye Xiang via Caixin | The country may be facing the end of cheap labor, but these changes are being driven by a more fundamental shift in the economic model rather than family planning policies.
Jeb Bush the populist
SAO PAULO | June 20, 2015 | By Marcus Nunes via Historinhas | US 2016 Republican Presidential Candidate Jeb Bush has set his presidential goal at 4 percent growth and 19 million new jobs. To do that, he would first have to “recruit” the Fed. Unfortunately, if the Fed acquiesced bad things would happen.
US and UK separated by a common labour market performance?
LONDON | June 19, 2015 | UBS | There are some striking similarities currently between the US and UK labour markets. The unemployment rates are broadly the same, employment growth is similar, and the level of vacancies suggests continued jobs growth in both countries. Moreover, there are solid signs that pay growth has picked up in both the UK and US.
Investors Embrace China’s Big Belt, Risky Road
BEIJING | June 18, 2015 | By Huo Kan, Wang Ling and Wu Hongyuran via Caixin | A Chinese initiative to strengthen business ties abroad has sparked enthusiasm and risk warnings for companies and banks.
Debt now a key risk in the emerging world
HONG KONG | June 18, 2015 | By Alicia García-Herrero via Caixin | Brazil’s economy is burdened by debt and China is leveraging at an unsustainable level, situations that could be exacerbated by Fed tightening.
Trade is good, but not for everyone
Not everyone wins in trade, and winners have to compensate losers who might end up selling sex or worse to survive.