Whoever has the most gold, makes the rules, says Dominic Frisby. For the moment, that’s the US – but don’t count on things staying that way.
There is no shortage of potential triggers for a global market correction next year, says Matthew Lynn. But one of the more likely is a huge bubble in Chinese tech stocks.
After the political upheavals of 2016, a period of profound social and economic change is upon us. John Stepek looks at the big trends investors must be ready for next year.
Donald Trump’s phone call with Taiwan’s president is a poke in the eye for China. John Stepek explains what it could mean for US-China relations, and the global economy.
China’s public and private debt pile has mushroomed to 255% of GDP in the past few years, warns the Bank for International Settlements.
China’s renminbi, or yuan, has slid by more than 6% in trade-weighted terms this year, and has also kept falling against the dollar.
Index provider MSCI’s admittance of China’s domestic stockmarket into its emerging-market indices would be a small but symbolic move.
While few believe China’s official growth figures, the economy should pick up.
China burned through $100bn of its foreign-exchange reserves last month trying to prop up its currency, the yuan.
China National Chemical Corporation, or ChemChina, has bought Switzerland’s Syngenta, making the biggest foreign takeover by a Chinese firm to date.
Tsai Ing-wen has been “thrust into one of Asia’s toughest and most dangerous jobs” after winning Taiwan’s presidential election.