Opinion

Can ‘new’ Keynesianism save the Chinese economy?

Clearly, the Chinese economy has problems, and now appears to be tumbling rather rapidly down along its so-called soft-landing path. Overcapacity began to emerge from around 2013 in the infrastructure sector as well as in numerous manufacturing industries such as shipbuilding, solar cells and wind turbines. The ability of both the public and private sectors to pay back their debt ...

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In Donald Trump, Chinese see the ultimate ‘Fuerdai’

Around the time that polls were closing on Super Tuesday in the U.S., Communist Party news outlets in China began syndicating a 15-image slideshow: “The Erratic Trump is Actually a Winner in Life.” It opens with an image of Donald Trump’s extended family, and a list of reasons why Trump “couldn’t be more inspirational,” including his bestselling books, real-estate empire, ...

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For Trump brand, record doesn’t match the luster

Consider Donald Trump for a moment as a purveyor of men’s cologne. I quote from the merchandise section of trump.com, the website for his portfolio of “great” companies. “‘Empire by Trump’ is the perfect accessory for the confident man determined to make his mark with passion, perseverance and drive. … Bold notes of peppermint, spicy chai and a hint of ...

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ECB must take stimulus steps warily

The European Central Bank’s (ECB) expected move to announce new bold stimulus measures aim to reverse negative economic outlook in eurozone, even as some banking circles doubt such a step could help. The measures may include a further cut in interest rates, an increase in the volume of bonds it buys each month under its so-called quantitative easing or QE ...

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Wage growth conundrum in the jobs report

For all the positives in the latest U.S. jobs report, employees and the Federal Reserve didn’t get one thing they’ve been looking for: higher wages. Therein lies a central conundrum of this economic expansion. The February employment report suggests that the economy weathered January’s stock-market turmoil in decent shape. Nonfarm employers added an estimated 242,000 jobs, and the unemployment rate ...

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Beijing’s architectural crackdown

Jonathan Hall-Eastman SPECIAL TO EMIRATES BUSINESS A TV network headquarters that resembles a pair of pants. A newspaper headquarters that bears more than a passing similarity to an erect phallus. An arts center that has been described as a “group of space eggs.” These are just a few of the most famous examples of the many ridiculous looking buildings that ...

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Back in captain’s seat

He admits he took his eye off the ball: in hindsight, a bad move. And the airline empire he had created from practically nothing paid the price, said AirAsia boss Tony Fernandes. “I was getting a bit tired (of running the airline) so I backed off, watched football and did all those other things. I was on my way to ...

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Australia’s fashion opening in Beijing

Last month the editor in chief of Vogue China got me thinking. I had never before put “fashion” and “China” in the same column. When I talk with friends about shopping destinations in Asia the list will run from Hong Kong to Singapore to Tokyo or Kuala Lumpur before anyone even contemplates Shanghai. Angelica Cheung admits China was late to ...

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Agricultural transformation in South Asia

A 2013 report of the Food and Agriculture Organisation of the United Nations (FAO) shows that 51 per cent of South Asia’s 1.6 billion people are directly engaged in agriculture and 42 per cent of South Asia’s landmass is under agricultural operation. The fact that only 20 per cent of South Asia’s total Gross Domestic Product (GDP) is generated through ...

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The GOP battle for Michigan

It is here in the industrial Midwest, not in the South, where Ted Cruz’s audacious theory of the 2016 race was supposed to be put to one of its most important tests. Michigan’s primary on Tuesday — and especially what happens that day in the Detroit suburbs that in 1980 were ground zero for a new political species, “Reagan Democrats” ...

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