Michael Schuman special to emirates business All of the pieces are in place for a financial crisis in China. The currency is weakening and, if left to the market, would likely plunge further. Capital outflows have hit record levels. Reserves are in retreat. A dramatic selloff on Shanghai’s stock market has wiped out all the gains from 2015’s bull run. …

Although South Korea is stepping up efforts to become an innovative and entrepreneurial economy, entrepreneurial possibilities remain slim for the majority of the population. President Park Geun-hye began her term in 2013 with plans to create a “creative economy, » driven by a vibrant startup culture in the tech industry. Since then, the Park administration has launched a number of …

A world “drowning in oversupply” of oil and other commodities could make 2016 a super-cheap year for Asia’s major resource importers such as China and Japan. However, the drag on growth for commodity exporters is putting yet more pressure on emerging markets, according to the World Bank. In a January 26 report, the Washington-based lender cut its forecast for crude …