Jul 16, 2013 09:09 UTC

GSK finds toxic side effects in Chinese market

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By John Foley and Edward Hadas

(The authors are Reuters Breakingviews columnists. The opinions expressed are their own)

GlaxoSmithKline has a problem in China. The Chinese authorities have a problem that goes well beyond the UK pharmaceutical maker.

Jul 12, 2013 10:23 UTC

The lowdown on China’s slowdown

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By John Foley

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

For China, 2013 is becoming the year of the credible shrinking GDP growth target. Earlier in the year, the old 8 percent norm was shaved down to an official estimate of 7.5 percent. On Thursday, Finance Minister Lou Jiwei moved that to 7 percent – and said an even lower number was possible. What’s going on? Here’s the lowdown on the China slowdown.

Jul 10, 2013 02:57 UTC

Rate reform will test China’s modernising mettle

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By Peter Thal Larsen

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

Freeing interest rates is more than a financial test for China. Lifting strict controls on the official cost of money is necessary for the development for the world’s second-largest economy. The question is whether China can avoid the financial problems that other liberalising countries suffered, and relax its grip on banks, companies, and citizens.

Jul 9, 2013 03:25 UTC

Japan index: markets put speed bump in Abe’s path

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By Andy  Mukherjee

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

For the first time in six months, Japanese Prime Minister Shinzo Abe’s economic experiment stumbled in May amidst skittish stock and bond markets. But the drop in the Breakingviews Abenomics Index to 93.8, from 94.4 in April, may be temporary as deflation continues to ease.

Jul 8, 2013 09:17 UTC

Sovereign fund chiefs not created equal

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By Una Galani

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

China Investment Corporation finally has a new boss. But compared to most companies, a change of the top at a sovereign wealth fund doesn’t always mean a change of tack. A sovereign fund’s proximity to the government and its investment approach are critical when it comes to determining the importance, or relative unimportance, of who sits at the top.

Jul 4, 2013 07:35 UTC

Military throws Egypt into dangerous phase

By Una Galani

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own)

Egypt is entering a dangerous period. The ousting of President Mohamed Mursi – the country’s first freely-elected leader – and the Muslim Brotherhood after just one year in power cements divisions and confirms the army’s role as kingmaker. A swift return to civilian democratic rule is critical but the path is fraught with social and economic risks.

Jul 3, 2013 06:16 UTC

How to cut the cord on China’s shadow banks

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By John Foley

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

It’s time for some delicate surgery on China’s financial system. The growth of non-bank lending channels – collectively known as “shadow banking” – is basically helpful for the economy. But regular banks are in too deep. China’s financial regulators need to separate the siamese twins.

Jun 28, 2013 14:54 UTC

UK’s big build dreams still dogged by past binge

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By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The UK government wants austerity to pave the way for bold modernisation of Britain. In reality its cuts don’t reverse the previous explosion in government spending and there isn’t much money for its big infrastructure dreams.

Jun 28, 2013 09:02 UTC

China’s corporate spying is three-cornered problem

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By John Foley

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

American prosecutors have targeted Chinese wind turbine maker Sinovel for allegedly stealing secrets from a U.S. rival. The threat of a $4.8 billion fine for a company with total assets of $4.6 billion sounds potent. But it doesn’t address the economic conditions that make China a target for accusations of ideas theft. Call it the corporate espionage triangle.

Jun 27, 2013 09:50 UTC

Fed’s sand will make Asia’s investment wheel creak

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By Andy Mukherjee

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)

Ben Bernanke has just emptied a big bucket of sand into Asia’s $5.5 trillion-a-year investment wheel. That’s bound to lead to a slowdown in economic activity across the world’s fastest-growing region.