Marco Bellochio was probably unaware of how close China could become when he directed his famous movie portraying a rotten Western society besieged by Mao’s revolutionary thrust. History eventually proved that the Little Red Book had less enduring success than the Holy Bible…
By Wang Lan via Caixin | The rules for China’s government provide space for the state-owned economy and public ownership, but this still allows for limiting the role of SOEs.
By Nailene Chou Wiest via Caixin | When the authorities scapegoat a journalist because he wrote a story without official permission, they scare anyone who wants to perform policy-related reporting.
By Peter Lundgreen via Caixin | The turmoil on world financial markets has more to do with global changes that need to be noted than recent volatility in China’s stock exchange.
As institutional investors embrace computer programs that rapidly place orders, the government tries to figure out how to regulate the practice.
Analysts at UBS are cutting our oil price forecast for the period 2015-19 and cutting long-term normalised view to $80/bbl from $90/bbl. Near oil term forecasts reflect the prospect of a lower 3Q outturn and the base from which we see the recovery in prices rising from
By Alicia García-Herrero at Bruegel | Sitting on a pile of debt, China’s only way out is to deleverage: more pain now for sustainable growth later. [Figure: China’s augmented fiscal deficit as % of GDP.]
By Wang Liwei at Caixin | Aders Borg from the World Economic Forum discusses structural changes and the global financial framework’s future.
Jackson Hole does not clear up the doubts over whether or not there will be a rate hike in September.
Could emerging markets spillovers push developed ones into recession?