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Tag Archives: Asia


In the 1990s and 2000s, foreign trade expanded, and world poverty diminished. Such trade globalization process stabilized in the 2010s and tends to be partially reversed by the new wave of technological changes.

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We point out two major challenges in the rebalancing. First, the transition toward a less investment- and export-dependent growth model has been taking place from a starting point of exceptionally low consumption-to-GDP ratios. Besides high profit-to-wages ratios, low levels of public social protection and spending lead to high household savings. An additional challenge comes from the lack of progress in rebalancing between private- and state-owned...

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China’s New 15-Year Vision: ‘Dual Circulation’ to Sustainable Growth

While the coronavirus fallout is still escalating in Western economies, China’s rebound has begun. Global recovery requires multilateral cooperation that China's new development pattern seeks to foster. Last week, the 19th Central Committee of the Communist Party of China (CPC) completed its fifth plenary session in Beijing. Unlike all other major countries, China’s economy is rebounding and fueling global prospects.Two centenary goals about to be realizedIn terms of the past, China is set to...

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China on the way back to rebalancing

Otaviano CanutoFirst appeared at CGTN, 25 September 2020China’s economy keeps recovering from the coronavirus pandemic-led crisis through the third quarter of 2020, as revealed by the numbers of August activity. Its GDP grew by 3.2% in the second quarter, after falling by 6.8% in the first quarter, in both cases as compared from a year before. It is now the only major economy expected to exhibit growth this year. Successful containment of the pandemics has allowed it to be first-in-first-out...

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Prepare for the global impact of US COVID-19 resurgence

Recently, the US has suffered a series of COVID-19 surges. The escalation won’t stay in America. It is likely to cause collateral damage worldwide. In early June, U.S. states began to exit from the lockdown measures, even though the epidemic curve had not been adequately flattened. On July 4, the White House sought for a “return to normal” with a celebration at Mount Rushmore, where President Trump, who has recently associated himself with far-right “white power” extremists, gave a bizarre...

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Worse Than Expected Coronavirus Contraction in ASEAN-4

In the coming months, success or failure to contain the global pandemic and overcome the coronavirus contraction has potential to make or break the promise of Southeast Asia in the early 21st century.By the end of the 2 quarter, the total number of confirmed cases may total close to 10 million, while deaths could surpass 225,000. What was an epidemic in China at the turn of January and February grew into a pandemic in the 1 quarter, due to the belated and inadequate mobilizations in the US...

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