Professors Thomas M. Hout and Robert A. Rogowsky of the Middlesbury Institute of International Studies seem to be addressing U.S. policymakers in their Working-Paper highlighted today. It’s a good companion piece for work highlighted last week on the subject of whether or not China’s accession to the WTO has been a policy mistake by the […]
Author: Nial Gooding
A timely piece in the context of the discussion in the U.S. about rolling back the previous administration’s China tariffs. Jennifer Hillman, a senior fellow for trade and international political economy at the Council on Foreign Relations (CFR) and a professor at the Georgetown University Law Center, provides useful context on where China-U.S. trade relations […]
Unusually I’m not going to recommend a full read of the paper highlighted today from Anum Qureshi (et al.) of the National University of Science and Technology (NUST), Pakistan. Partly because its a bit of a jumble and partly because the output from this kind of analysis, given how little data there is to plug […]
My first (and last) contribution on cryptocurrencies was prompted by an inquiry from an unlikely source. My older brother, a recent retiree living in the U.K. wrote to me late in December last year with a simple question “Would I buy cryptocurrencies?” Below is my answer (with some minor edits) which I think covers everything […]
In an IMF Working Paper from February this year staffers Diego A. Cerdeiro and Ciane Ruane took a closer look at China’s flagging business dynamism. That this has occurred is in no doubt as the chart of Total Factor Productivity (TFP) from their study period, 2003~2018, shows. Here’s a summary of their detailed findings: The […]
I have a simple rule for IPOs, Hong Kong ones at least; leave well alone. Their popularity is, in part, based on data and historical experience from more ‘grown-up’ markets in which they’ve been shown to be subject to habitual under-pricing (they’re rarely, if ever, under-priced in HK for reasons I won’t go into here). […]
If you know nothing about China’s Central Bank Digital Currency (CBDC) initiatives the paper highlighted today may help you get up to speed. Heng Wang, of the University of New South Wales – Faculty of Law has drawn together an impressive check-list of work to-date, scholarly articles, broker research and etcetera which covers many of […]
The paper highlighted today, from Hilton L. Root of the George Mason University is not an easy read, which makes it especially hard to summarize; but I’ll try… In short, it goes back to the earliest formation of Chinese and Western societies and suggests the Christian Church in the West and the Confucian top-down family-oriented […]
In a Working Paper from the IMF researchers Serkan Arslanalp, Barry J. Eichengreen and Chima Simpson-Bell take a look at the U.S.-Dollar (U$) this century in terms of its use as a reserve currency. Lets start with one of the few things that’s crystal clear: The share of U$ being held by the world’s central […]
A year ago I took a look at the components of an index of unprofitable new-economy companies Goldman Sachs put together in early 2021. [NESCAR Watch – Slow Pile Up: So Far] I described these stocks then as a window into a much bigger group, the New-Economy Speculative Complex And Related (NESCAR). Since then we […]
I think the researchers (Chen Xi from the Tsinghua University School of Economics and Management, et al.) may be taking themselves a little too seriously with this paper that draws a line between climate change and future movie attendance in China (and by implication elsewhere). There’s a useful point though in terms of how weather […]
I’ve flagged work before that highlights some of the dis-benefits for towns connected to China’s High Speed Rail (HSR) network and the paper today is in a similar vein. Yao Ge (et. al.) from the School of Management of the Xiamen University has taken a look at how an HSR connection affects firms near and […]
Gary Dushnitsky and Lei Yu from the London Business School and the Sun Yat-sen University in Shenzhen had to crunch five separate databases together in order to extract an answer to the question ‘What drives corporate venture capital (CVC) decisions in China?’ This has never been done before and the resulting answer will be a […]
Investors in Chinese growth stocks have been keelhauled over the last 18-months, especially in those U.S. listed China shares they were persuaded were facsimiles of companies they were already familiar with (does this sound familiar? It’s the so-and-so of China, and etcetera). Let’s not dwell on that foolishness. On then to the next foolishness. Or […]
The paper highlighted today is a neat companion to last week’s on the subject of how high status women on company boards in China led to better corporate governance (CG) and less corporate shenanigans. This weeks offering, from Qurat Ul Ain of the Xi’an Jiaotong University (et al.), takes a look at another key indicator […]
Analysis of the effectiveness of women on company boards remains a tangled mess. Some studies show they make no difference to financial outcomes whilst others point out the problems of ‘tokenism’ rendering analysis a flawed proposition from the get go. Researchers of the paper highlighted today wanted to narrow the focus of inquiry to the […]
The paper highlighted today from Emmie Hine of the University of Oxford – Oxford Internet Institute and Luciano Floridi of the University of Oxford – Oxford Internet Institute; University of Bologna- Department of Legal Studies, attempts a dissection of policy papers from both China and the U.S. on AI to isolate differences in emphasis and […]
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Time, Perhaps, for a Vacation in Rome?
The citizens of Pompei weren’t wiped out by the sudden eruption of Mount Vesuvius. They were treated first to an 18-hour rain of pumice during which many fled with belongings and lives preserved. Only after this unpleasant but unequivocal harbinger of something far nastier did the pyroclastic flows, from which no escape was possible, commence […]
The latest IMF China Country Report was published on February 4th (the full 84-pager is here IMF China Country Report 220204) and was a generally upbeat summary. It took a closer look at six topics and below I’ve extracted what I think are the key points from each. In the order in which the topics […]
What do Milton Friedman and Xi JinPing have in common? They agree that the job of regulating society, for good of course, is something for governments not corporations to busy themselves with. Milton Friedman elaborated on this in the 1970s (see link below) pointing out that if firms concern themselves with social good at the […]