Henrik Sorgenfri Larsen

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Why China Doesn't Need The U.S. For Trade

During his election campaign, President Donald Trump threatened to impose 35% to 45% tariffs on Chinese imports to force China into renegotiating its trade balance with the U.S. The immediate result of that would be a fierce trade war that America would almost certainly lose. And while we don’t …

China

The perils of reporting on China's GDP

<b>Whenever China's GDP figures are released, foreign correspondents fly into action with plenty of analysis about what they might mean.</b><p>Does the Chinese economy appear to be stronger or weaker than previously thought?<p>Where is steel production?<p>What about the explosion in service industries?<p>Of course …

Global banking watchdog warns over Chinese banks

<b>Risks of a Chinese banking crisis are mounting, according to a warning indicator from the banking industry's global watchdog.</b><p>A key gauge of stress in the banking sector is now more than three times above the danger level, the Bank for International Settlements (BIS) said in its latest quarterly …

Japan to unveil huge $266bn economic stimulus, say reports

Shinzo Abe aims to breathe life into moribund economy with expected boost for low earners and infrastructure schemes<p>Japan is planning to launch a massive economic stimulus package worth more than 28 trillion yen (US$266 billion), according to media reports.<p>Prime minister Shinzo Abe announced the …

Economy

Japan to double direct spending in stimulus package: Nikkei | Reuters

TOKYO (Reuters) - Japan’s government is likely to inject 6 trillion yen ($57 billion) in direct fiscal outlays into the economy over the next few years under a planned stimulus package, double the amount initially planned, the Nikkei newspaper reported on Tuesday.<p>Businessmen walk past the Bank of …

Economy

Japan stocks rise on $186bn stimulus bets

<b>Japanese stocks have risen on bets the government will unveil a stimulus package that could be double the size initially expected.</b><p>Prime Minister Shinzo Abe is looking to compile a package of at least 20 trillion yen ($186bn; £141bn) according to the Kyodo News agency.<p>The world's third-largest …

Does China Face A Looming 'Japan Syndrome'?

The Japanese economy has been undertaking an experiment in economic theory for the last couple of years. Stuck in the doldrums since the early 1990s Japan implemented a sizeable fiscal stimulus in 2013, combined with quantitative easing, targeting 2% inflation, to be followed by structural reforms. …

Economics

China is due for a recession — unless it starts acting like Japan

A credit-based economy, built around what has effectively been the dollar standard, made it all possible. There's no limit to the amount of credit that can be created under a fiat money system. And the dollar standard created a very large global boom, as U.S. dollars flooded into countries like …

Japan economic growth revised higher

<b>Japan's economy expanded an annual rate of 1.9% rate in the first quarter of this year, revised from a preliminary figure of 1.7%, according to official figures on Wednesday.</b><p>The revised figure was in line with analysts' estimates.<p>Markets in Tokyo fell at first as the higher figure was seen as …

Why The South China Sea Has More Oil Than You Think

With all of China’s geopolitical posturing in the South China Sea, many are claiming that Beijing’s aim to control more than 80% of the troubled waterway is purely based on national sovereignty claims.<p>Others claim that Beijing’s land reclamation and artificial island building in the region, …

China

China: The US will remain the world's No. 1 power for a long time

Wang made the remarks during an interview with the Qatar-based broadcaster Al Jazeera, ahead of the seventh ministerial conference of the China-Arab States Cooperation Forum in Doha last week, and the transcript of the interview was released on Thursday night.<p>When asked whether China, the world's …

Will China's Educational System Strangle Economic Growth?

As China tries to grow its way onto the list of high-income economies , innovation will have to play an increasingly more important role. Is China’s educational system capable of producing the innovative and talented workforce it needs? Or will the country’s growth be hobbled by what goes on in its …

China

50th Anniversary of The Cultural Revolution in China: Pictures

Beijing

China to buy $90 billion gold vault in London

China is buying one of London's biggest gold vaults.<p>The Chinese state-owned ICBC Standard Bank (IDCBF), the world's biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London.<p>The deal will boost China's access to …

Precious Metals

Asia stocks trade higher despite disappointing China data

<b>Asian stock markets rose on Monday, shrugging off disappointing economic data released by China over the weekend.</b><p>China's industrial output, retail sales and fixed asset investment all grew more slowly than expected in April, indicating the economy remains weak.<p>The Nikkei 225 index closed up 0.3% at …

Foreign businesses must navigate obstacles of India’s market

When inspecting the current macro- and microeconomic contexts of India, one will find that the nation is not only affected by slowing demand from …

Here's some bad news for Japan

This week's chart shows how Japanese companies' inflation expectations have been steadily declining in recent quarters, amid an appreciating yen. Bank of Japan (BoJ)stimulus efforts this year - including an expanded quantitative easing (QE) program and a shift into negative interest rate territory- …

Japanese markets fall 3% at the close on yen strength

<b>Japanese shares have started the week with sharp falls, as a surge in the yen hurt shares in big exporting firms.</b><p>The benchmark Nikkei 225 ended 3.1% lower at 16,174 - higher than its lowpoint for the trading session, but still the lowest close since 12 April.<p>Shares of Japanese carmaker Toyota …

China's economic growth to slow to 6.5 percent in 2016, more policy support seen: Reuters poll | Reuters

BEIJING (Reuters) - China’s economy is expected to slow to 6.5 percent this year, the weakest growth since 1990 and down from 6.9 pct in 2015, maintaining pressure on Beijing to offer more policy support, a Reuters poll showed.<p>People walk on a bridge in the financial district of Pudong in Shanghai, …

Economics

China's overheated property market

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/business/1235000/1235894_h264_1500k.mp4?__gda__=1524632018_582e324cba8d05ffdacc3549135d81a5<p><b>There's busy and then there's busy.</b><p>Officials at a housing registration office in suburban Shanghai were so preoccupied that they didn't bat an …

'Not fit to lead': letter attacking Xi Jinping sparks witch-hunt in Beijing

Anonymous online call for president to quit sparks furious manhunt for its author, betraying paranoia at top of Communist party<p>It wasn’t a very long letter - the equivalent of about 920 words in English and it appeared only briefly on a Chinese website.<p>But its content was potentially incendiary. It …

China

Can China Sustain The Current RMB Exchange Rate?

The RMB exchange rate is perennially caught in the international spotlight. Some say it’s too low, others that it should be lower. The PBOC (People’s Bank of China), which sets a daily reference rate (the ‘fix’) for the domestically traded currency, must walk a narrow tightrope, both shaping …

China

Why Are There Doubts Over China's Growth Rate?

China’s growth rate has been in the spotlight ever since Li Keqiang – China’s Premier – signalled the arrival of a ‘new normal’ in May 2015. Before then, headline rates routinely in excess of 8%, even rising above 14% in 2007, meant the detail was not scrutinised so closely. Now, however, with …

China

Chinese hedge funds scramble as regulators clean up 'Wild East' | Reuters

HONG KONG/SHANGHAI (Reuters) - China’s hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters.<p>Vehicles drive on the Guomao Bridge …

Hedge Funds

China aims to maintain growth pace, fend off unemployment in five-year plan | Reuters

BEIJING (Reuters) - China faces a tough battle to keep its economy growing by at least 6.5 percent over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Keqiang said as he opened China’s annual parliament on Saturday.<p>Growth of 6.5 percent would mark …

China

Banks lead slump on Tokyo's stock market

<b>Tokyo shares fell sharply in Tuesday trading, following tumbling markets across Europe and the US.</b><p>The Nikkei 225 closed down 5.4% or 918.86 points at 16,085.44. It was its worst one-day fall since mid-2013.<p>Earlier, US and European shares were pulled down by big falls among banking and technology …

China's foreign currency stockpile fell nearly $100 billion last month

China's stash of cash continues to shrink as the country tries to fend off pressure on its currency.<p>Its foreign exchange reserves dropped $99.5 billion in January to $3.23 trillion, the lowest level since 2012, the central bank said Sunday.<p>The January decline follows a record fall of around $108 …

Economy

The guy who might be 'cooking the books' for the Chinese government is being investigated

In the latest "Not The Onion" news from China "China's Statistics Chief " who may be making up numbers is under investigation.<p>China's Central Commission on Discipline Inspection announced Tuesday that it was investigating the head of China's statistics bureau for suspected corruption. The latest …

China's banking crisis looms like Banquo's Ghost in Davos

China is trapped. The more it burns through foreign reserves to defend the currency, the more it tightens domestic credit<p>Bad debts in the Chinese banking system are four or five times higher than officially admitted and pose a mounting risk to the country's financial stability, the world's leading …

Stock Markets

What is China doing to tackle its air pollution?

<b>The air in much of China is so bad the government has repeatedly declared "war" on it. The enemy are tiny particulates which spew forth from countless cars, coal-fired power stations and steel plants to create a dense, putty-coloured smog.</b><p>Beijing recently issued its first pollution 'red alert', …