What a week it was! Equity markets and cryptocurrencies, both of which appeared to defy the laws of gravity, and the US dollar took a dive. However, the story of synchronized global growth does not seem to have changed. Have we finally escaped the long dark shadow cast in 2008? Renowned Japanese economy expert Takatoshi Ito thinks that things are changing at the Bank of Japan, the institution that invented and led the world in quantitative easing. This could be a signal of things to come in a new global monetary policy environment.
This report originally appeared in the Straits Times.
China and Singapore share longstanding and broad-based bilateral relations. Singapore's founding prime minister Lee Kuan Yew visited China 33 times over 37 years, witnessing China's extraordinary progress.
Today, China is firmly entrenched in the era of the "Four Great New Inventions", namely the high-speed railway, e-commerce, mobile payment and the sharing economy. When Prime Minister Lee Hsien Loong visited China again recently, he must have had some different and impressive experiences.
I am sharing an article on the topic of Taiwan-PRC diplomatic competition in Central America.
The article examines the recent visit by Taiwan's president Tsai Ing-wen to Central America, in the context of the possible breakdown of the informal "diplomatic truce" which has prevailed between Taiwan and mainland China since 2008.
This work is available from the ejourunal "Global Taiwan Brief," and the full text can be found below as well.
Strong fundamentals in Asia’s emerging markets may tempt outside investors to stay the course when the year turns. But a combination of domestic politics in 2017 and global uncertainties could risk becoming the nemesis of the New Year.
Questions about political continuity at home and support for reforms in Asia’s emerging markets hover over these economies’ striking potential for growth, including the outlook for strongman leaders in the Philippines, Malaysia and Thailand and Xi Jinping in China and Narendra Modi in India.
YAP KWONG WENG AND SUN XI
Last month, American President Barack Obama pledged to lift all sanctions against Myanmar during its leader Aung San Suu Kyi’s visit to the United States. Such an apparent thawing of ties between the two nations must be of some concern for Myanmar’s long-time ally, China.