Currency is an iconic expression of a country's economic dominance. Even if the economic benefits of currency dominance are questionable,countries and their governments do seem to prize that status.
Since peaking in 2016,Chinese outward investment,primarily to the US but also to the European Union(EU),has declined dramatically,especially in response to changes in China s domestic rules for capital outflow.Concern...Since peaking in 2016,Chinese outward investment,primarily to the US but also to the European Union(EU),has declined dramatically,especially in response to changes in China s domestic rules for capital outflow.Concern over growing Chinese influence in other economies,the ascendant role of a Communist Party-led government in Beijing and the possible security implications of Chinese dominance in the high-tech sector have put Chinese outward investment under international scrutiny.This paper analyzes the recent trends in Chinese investment in the US and the EU and reviews recent political and regulatory changes both have adopted toward Chinese inward investment.It also explores the emerging transatlantic difference in the regulatory response to the Chinese information technology firm,Huawei.Concerned about national security and as part of the ongoing broader trade friction with China,the US has cracked down far harder on the company than the EU.展开更多
The World Trade Organization’s (WTO) Doha Round of trade negotiations is on life support and there are intermittent and half-hearted efforts to resuscitate it. It would seem that the postwar framework for multilatera...The World Trade Organization’s (WTO) Doha Round of trade negotiations is on life support and there are intermittent and half-hearted efforts to resuscitate it. It would seem that the postwar framework for multilateral trade cooperation is under existential threat. It is, however, premature to draw that conclusion. Beginning in the 1990s, when it was becoming clear that China represented a huge market access opportunity, the United States and European Union launched efforts to reduce China’s trade barriers. This initiative was assisted by the fact that the Chinese lead-展开更多
Chinese economic growth for the past decade has been categorized by controls on resource and capital price increases,excessive levels of investment,and overcapacity in certain industrial sectors.Policymakers
Credit Rating Agencies (CRAs) are prominent participants in the assessment of credit risk by financial markets. They determine and publish credit ratings, which represent the CRA’s opinions on issuers’ relative prob...Credit Rating Agencies (CRAs) are prominent participants in the assessment of credit risk by financial markets. They determine and publish credit ratings, which represent the CRA’s opinions on issuers’ relative probability of default. The market for credit ratings is currently dominated in most western countries by three players:展开更多
文摘Currency is an iconic expression of a country's economic dominance. Even if the economic benefits of currency dominance are questionable,countries and their governments do seem to prize that status.
文摘Since peaking in 2016,Chinese outward investment,primarily to the US but also to the European Union(EU),has declined dramatically,especially in response to changes in China s domestic rules for capital outflow.Concern over growing Chinese influence in other economies,the ascendant role of a Communist Party-led government in Beijing and the possible security implications of Chinese dominance in the high-tech sector have put Chinese outward investment under international scrutiny.This paper analyzes the recent trends in Chinese investment in the US and the EU and reviews recent political and regulatory changes both have adopted toward Chinese inward investment.It also explores the emerging transatlantic difference in the regulatory response to the Chinese information technology firm,Huawei.Concerned about national security and as part of the ongoing broader trade friction with China,the US has cracked down far harder on the company than the EU.
文摘The World Trade Organization’s (WTO) Doha Round of trade negotiations is on life support and there are intermittent and half-hearted efforts to resuscitate it. It would seem that the postwar framework for multilateral trade cooperation is under existential threat. It is, however, premature to draw that conclusion. Beginning in the 1990s, when it was becoming clear that China represented a huge market access opportunity, the United States and European Union launched efforts to reduce China’s trade barriers. This initiative was assisted by the fact that the Chinese lead-
文摘Chinese economic growth for the past decade has been categorized by controls on resource and capital price increases,excessive levels of investment,and overcapacity in certain industrial sectors.Policymakers
文摘Credit Rating Agencies (CRAs) are prominent participants in the assessment of credit risk by financial markets. They determine and publish credit ratings, which represent the CRA’s opinions on issuers’ relative probability of default. The market for credit ratings is currently dominated in most western countries by three players:
