Breakingviews

China has more to lose from Western turmoil

June 28, 2016

As voters in developed countries reject globalisation, Premier Li Keqiang has called for more international economic cooperation. That makes sense: rising protectionism and resistance to foreign investment will hurt Chinese business and exacerbate its own economic slowdown.

Lesson from Brexit: unthinkable isn’t unpriceable

June 24, 2016

Britain’s referendum decision is an unwelcome blow to an already fragile world economy, but the real change is that it forces companies and investors to reconsider other once-remote risks. A Donald Trump presidency or the break-up of the euro zone may deserve more consideration.

from Viewsroom:

Viewsroom: Breakingviews on Brexit

June 10, 2016

Imagine Britain votes on June 23 to leave the European Union. What happens next? Breakingviews writers George Hay, John Foley, Neil Unmack, Swaha Pattanaik and Olaf Storbeck discuss the possible consequences for markets, trade, growth and the future of the EU.

Cox: Slicing global trade with a GE carving knife

By Rob Cox
June 9, 2016

Much of the discourse surrounding the U.S. election and Brexit makes free trade and labor mobility sound like terrible things. Individual tales of dislocation are manifold and moving. The shared benefits of globalization are huge, though – as one humble appliance illustrates.

Japan’s fiscal arrow ought to target young and old

June 6, 2016

Prime Minister Shinzo Abe is preparing a stimulus that may include vouchers for creches and help with caring for the elderly. That could lure more women into the workforce while also boosting spending. Ultra-low interest rates can help speed the social change Abe has promised.

Abenomics has over-promised and under-delivered

May 17, 2016

Shinzo Abe has spent more than three years pushing for higher growth, faster inflation and a nimbler economy. But success eludes the Japanese prime minister, who has been too timid with the public purse. Keeping the project going calls for extra spending and even easier money.

Money trail shows China sticking to bad habits

May 16, 2016

Total credit jumped again in April, suggesting Beijing is making little progress weaning the economy off its addiction to debt. Infrastructure and property investment are still expanding quickly. Despite renewed talk of reform, growth still seems to be the main priority.

India’s Modi can reclaim his “wow” factor

May 16, 2016

Two years after a landslide election, business executives are losing confidence in Prime Minister Narendra Modi. Passing a bankruptcy code last week was a major achievement but other landmark reforms look harder to achieve unless Modi reins in his party from divisive politicking.

China and India reform hopes are on hold

April 15, 2016

New leaders in both countries raised hopes for restructuring banks and state-owned companies. But current plans are not bold enough while the window for action is narrowing. Beijing’s investment habit and New Delhi’s obstructive bureaucracy are proving stubbornly hard to shift.

Chancellor: Lessons from the Mississippi Bubble

March 23, 2016

This year marks the 300th anniversary of the start of John Law’s ambitious, and ultimately failed, economic experiment. Much like today’s central bankers, Law thought printing banknotes and forcing interest rates lower would solve all of France’s problems. He was so very wrong.