The Chinese Puzzle | 239 tains there its largest intelligence base outside mainland China. A large contingent of its officers are stationed officially in the Prince of Wales skyscraper in central Hong Kong and unofficially main- tain informers in Hong Kong’s police, governing au...
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Via Skype Getty images . T:10 AM RLK: And indeed for the entire economic relationships and standards of living of all people. There are real issues and I think we need to discuss them. But right now, China is sending signals by what it's doing, that it wants to ratchet down the...
… 1,912/mt (2,079) UBS View 6-month target: Copper: USD 8,800/mt; Nickel: USD 19,000/mt; Aluminum: USD 2,100/mt e After the swift uptick in prices, base metals have been under renewed pressure. The initial price strength —a simple catch up with Chinese prices triggered by a shift...
166 But Japanese activists have never needed encouragement from China on this front. They lead homegrown movements with specific political targets in Japan itself, notably attacking the conservative establishment and defending the country’s “peace constitution.” These well-estab...
"Well, frankly, the US didn't have the wisdom. It just wanted to celebrate its peace dividend. The two Clinton terms and the two George W. Bush terms, that's four presidential terms, have cost US mightily.” For Keating, the malaise in US politics is the problem. He says: "The mo...
94 November 2018 gathering in Beijing was cancelled by Beijing and forced to move to Singapore.) International service broadcasters Another roadblock has been China’s efforts to limit the influence of the Mandarin services of the Voice of America and Radio Free Asia. Starting...
EM Growth? TABLE 1 highlights data from the 10 largest emerging mar- kets, which account for 89.2% of the MSCI Emerging Mar- kets Index. The growth prospects of this group appear sur- prisingly tepid. The median real GDP growth for the next five years is forecasted at 2.5%, while...
…energy MLPs in late January 2016 and have maintained that tilt. Given our assumptions about oil prices, we believe that the cash distributions from MLPs are generally secure and provide a yield to investors of just over 7%. In the absence of any valuation changes, the yield trans...
Exhibit 25: Conference Board Consumer Confidence Index The labor market recovery has led to a steady increase in consumer confidence. Index Points 160 140 20 113.7 91.5 Conference Board Consumer Confidence G4 —« Historical Average Post-Global Financial Crisis Average 0 = 1...
…ies (ex-Japan) MSCI Asia ex-Japan (27 June): 469 (last month: 466) UBS View MSCI Asia ex-Japan (6-month target): 515 ¢ The region continued to show high volatility last month, with its P/BV temporarily close to 2008 lows. ¢ Hong Kong and Singapore markets’ domestic fundamentals...
…eads; 30s50s BTP flattener; long EUR/HUF vol; long AUD/USD digital puts; 1y10s20s conditional bear steepener in Japan. There are three key lessons on tail risks from 2016: 1) tail-risk probabilities are generally “fatter” than commonly assumed (Brexit and Trump’s victory); 2} he...
86 starting in 1990, the State Council’s Overseas Chinese Affairs Office gave $800,000 a year to SinoVision, ultimately increasing its subsidy to between $2 million and $3 million a year. Wang made this charge in a 2011 letter to the Overseas Chinese Affairs Office alleging wid...
China and the evolution of revolution: Rise of radical Muslims in China's western provinces ass 7 RUSSIA sa e = | Harbin, | f MONGOLIA __, \ , Shenyang, fi a Pt Ginhuangdaa,> _<-Na KOH. i IRAN ngqgin a Tianjin Dialis R itn Lanzhou J SINIOAO vatiow jets ir ! i . F7hangzhoud,...
… cards as China moves toward higher- intensity monitoring of its entire population. This strategy, similar to those of other Chinese cities, has been made easier by mobile technology and existing state restrictions on electronic anonymity. Getting an "F" on this test doesn't mean...
next century. How might Huang Hua, with his nature-of-the-age consideration of strategy have regarded the matter? What does gatekeeping tell us? The dominant view of future relations between Americans and Chinese generally runs along a nervously familiar historical track: An est...