Dr Dan Steinbock comments on recent economic and political developments:
City, London and the Great Renminbi Race
Shanghai Daily, Oct 13, 2015
Of the world’s two largest international financial centers, London is warming up for the renminbi, but Wall Street is running behind. In his commentary, Dr Steinbock examines the strengths of Wall Street and the City, the role of the Shanghai-Hong Kong stock connect and the plan for the Shanghai-London stock connect.
For the full release, please go to http://www.differencegroup.net/ and click the story image. The commentary can be republished in exchange for attribution to the original.
For Dr Steinbock’s comments, interviews and commentaries, please contact Executive Assistant Wendy Song ([email protected]). For previous October commentaries, see abstracts below, or full releases via http://www.differencegroup.net/
Trans-Pacific Partnership Scenarios
China Daily, Oct 9, 2015.
The Trans-Pacific Partnership agreement presents Asia with good, bad and ugly scenarios, says Dr Steinbock. In his commentary, he explains the benefits, costs and limitations of the TPP to the US, China and emerging Asia. He argues that the broader region is not choosing between China and US, but each and both. He also explains how China’s free trade efforts are surpassing the TPP and how the deal leaves Asia with three scenarios.
President Xi’s Agenda and UK-China relations
Share Radio UK Investment Perspectives, Oct 8, 2015.
Dr Steinbock and Patrick McGee, lead writer for Financial Times in Hong Kong interviewed by Robert van Egghen. What is President Xi’s agenda? What is the state of UK-China relations? What’s going on with the Chinese economy, markets and the military? (To listen to the interview, just click the story image: www.differencegroup.net). Or directly: https://audioboom.com/boos/3668172-robertve10-reports-on-xijinping-whether-china-really-wants-to-take-over-the-world
The Internationalization of the Renminbi: Dr Steinbock’s TWFR Interview
The World Financial Review, Oct 7, 2015
Dr Steinbock’s interviewed by the UK-based The World Financial Review after his cover story commentary on the internationalization of the RMB. The interview focuses on the petro-dollar, currency friction, the strength of the equity markets, gold purchases by China and Russia, and the world with a floating RMB. For the original commentary, see below: “The Internationalization of the Renminbi.”
Currency Wars and Oil-Exporting Africa
BusinessDay Nigeria, Oct 5, 2015.
Since lower oil prices typically result in depreciation of the oil exporters’ currencies, the dramatic plunge of oil prices has severe implications for Sub-Saharan Africa. In this commentary, Dr Steinbock examines the impact of plunging prices on Nigerian naira, Angola’s kwanza and South Sudan, South African rand and Tanzanian shilling. Stagnation in advanced economies means substantial “collateral damage” in emerging economies.
China’s New Global Role
China.org, Oct 2, 2015
In his lengthy commentary for China’s official government portal, Dr Steinbock argues that the recent Washington summit took the US-China bilateral relations onto a new level, while President Xi’s UN visit gave a glimpse of China’s new global role. He details the economic and strategic gains in Washington, as well as China’s evolving role regionally and globally. What China seeks is peace and stability for economic development, he concludes.
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Jack Ma: From Teacher to Billionaire
Dr Steinbock interviewed by Novoe Vremya (Ukraine), Oct 5, 2015 [in Russian] “Alibaba appeared in the right place and in the right industry and had the right business model.” According to Steinbock, Ma understood the market and the timing. “When China’s Internet penetration was still low, he opted for business to business opportunities. When China began to enjoy its consumer boom, Ma bet on the consumer market.”
Global Economic Conditions Deteriorating
Economic Conditions Snapshot, McKinsey & Company, Sept 2015
Dr Steinbock participates in the periodic McKinsey Global Survey. According to the newly-released survey, executives are roughly three times more likely now to say that global economic conditions have worsened [for more, see http://www.differencegroup.net/#!in-the-news/c1w3e and simply click the story image]
Dr Dan Steinbock is an internationally recognized expert of the multipolar world. He focuses on international business, international relations, investment and risk among the major advanced economies (G7) and large emerging economies (BRICS and beyond). Altogether, he monitors some 40 major world economies and a dozen strategic nations, including all major nations in Asia.
Dr Steinbock has advised international organizations, government agencies, financial institutions, multinational companies, SMEs and family enterprises, competitiveness institutes and NGOs. He serves on media advisory boards (Fortune, Bloomberg BusinessWeek, McKinsey, etc). He gives economic and policy briefs for trade associations, government agencies and international think-tanks, chambers of commerce and financial intermediaries across the world.
He cooperates with think-tanks, and leading universities in the US, EU, China and India, ASEAN, the Gulf, Americas and Africa. He divides his time between the U.S. (New York), Asia (Shanghai), ASEAN nations, and occasionally Europe. He has been interviewed for Global Trends 2030 by the U.S. National Intelligence Council.