Xi Jinping meets Trump this weekend to talk, among other things, trade. But even though China has been at the forefront of Trump’s Twitter rampages on trade deficits, it’s not just the world’s second largest economy that is under fire by this US Administration. Last Friday the US President issued an executive order to investigate... View Article

Inbound FDI into China has fallen sharply, in new figures released by Swiss Investment Bank UBS today. The dramatic slide down 35 per cent on 2015, represents just 1.58 per cent of GDP in the year to September, off double digit highs recorded in previous years, reports the FT. The pull back on foreign investment... View Article

The feasibility of negotiating exit from the EU as well as rolling over existing EU Free Trade Agreements (FTAs) are among the most discussed topics regarding Brexit. Former Director-General of the World Trade Organization (WTO) Pascal Lamy recently said at Asia House that he expects the UK’s “full exit” from the EU to probably take... View Article

UK Chancellor Phillip Hammond met today with his Indian counterpart Finance Minister Arun Jaitley in Delhi, with the aim of securing finance deals for Brexit Britain. The meeting comes as a key bilateral deal on investment protection lapsed Friday, according to reports in the FT. Commentators highlight that the UK will face stumbling blocks to... View Article

by Paul Nicholson UK Chancellor Phillip Hammond and Bank of England Governor Mark Carney visit India next week to promote UK finance to Indian companies, reports Bloomberg. Speaking ahead of the trip to Delhi and Mumbai, Hammond said: “The UK is perfectly placed to be India’s financial partner of choice, helping it to raise the... View Article

UK Trade Secretary Dr Liam Fox flew out to Asia on Monday on a mission to strengthen UK trade with ASEAN nations in the wake of Brexit. Fox travelled to the Philippines yesterday for talks with President Duterte on a whilstle-stop tour that includes Malaysia, where he will speak to 600 business leaders, and Indonesia... View Article

China Rapid Finance, the peer-to-peer lender, filed for a $100 million IPO in New York Monday reports NYSE. Bookrunners for the IPO are Morgan Stanley, Credit Suisse, Jefferies International, according to the SEC filing announced on Reuters The Shanghai based enterprise, started by Zane Wang in 2001, is one of the largest non-bank lenders in... View Article

US President Donald Trump indicated that the US is prepared to take unilateral action against North Korea, in an interview with the FT today. The US has been stepping up the rhetoric on North Korea after the country continues with its nuclear weapons testing programme in the South China Sea, raising fears that missiles could... View Article

In a reversal of the norm, Trump espouses protectionism and Xi preaches for globalisation

The impeached South Korean President, Park Geun-hye, was yesterday arrested over a corruption scandal that led to her ousting. She has denied the allegations of allowing her close friend, Choi Soon-sil to extort money from companies in return for political favours. The scandal also ensnared senior government officials and business figures, including the acting head... View Article