At the very end of 2019, China added liquidity to its financial system by loosening the reserve requirements for banks and allowing them to lend more. This move followed three other such cuts earlier in the year, making a total of seven since early 2018. Cutting required reserves is a Read more…
The U.S. U.S. stocks continue to forge ahead. In the ebb and flow of news related to trade, impeachment, geopolitics, and the 2020 election, we continue to note underlying reasons for strength. (Of course, the market may decline by 1–4% at any time). One of these reasons is the perpetually Read more…
The U.S. The U.S. market got a modest boost from the announcement of a trade truce with China, in which China agreed to boost some U.S. agricultural imports, and the U.S. suspended a tariff hike on $250 billion worth of Chinese imports. According to the announcement, the initial deal will Read more…
U.S. Secretary of Commerce Wilbur Ross recently took a trip to Australia to help strengthen commercial ties between the two close allies. One of the key points of his visit was to lay the groundwork for discussions of a “U.S.-Australia Critical Minerals Action Plan” that will be finalized in November. Read more…
Every ten years, the People’s Republic of China has a major celebration on October 1, the anniversary of the country’s founding in 1949. This October 1 will be the 70th anniversary — the first major celebration occurring under China’s President For Life, Xi Jinping. The Chinese government has been taking Read more…
China and Iran Deepen Ties A recent report in the Petroleum Economist provided some confidential details about the comprehensive strategic partnership agreement that Iran and China signed in 2016. The Iranian and Chinese foreign ministers met at the end of August to hammer out some of the accord’s details. According Read more…
The Real Data Are Weaker Than China Will Admit China’s rise as an economic power has been good not just for Chinese businesses selling goods to the rest of the world; it has also been good for global businesses selling goods and services to China. Big U.S. companies have been Read more…
For the past year, concern about the intensifying trade war between China and the United States has gone hand-in-hand with concern about the health of the Chinese economy. China’s dramatic rise as an economic power over the past two decades, and the deep interdependence of the global economy, means that Read more…
Chinese Banks: No Danger Now, But Watch Carefully On the fringes of the Chinese financial system, signs of stress continue to appear, so far restricted to some small banks and trust companies. The central government is continuing its efforts to unwind the excesses that built up after 2009, when it Read more…
1. Hong Kong in the crosshairs of the trade war. Hong Kong is experiencing massive protests against the Chinese government’s erosions of the city’s traditional liberties and democratic governance. These protests have occasioned the introduction of a bipartisan bill in the U.S. Congress that would strip the city of its Read more…
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