September 14, 2010
Summer Davos 2010 Underway in Tianjin
The World Economic Forum's so-called "Summer Davos" confab (officially the Annual Meeting of the New Champions) is underway in Tianjin as the world's political, business, and media elite chew the fat of hot topics and hot dishes. Click here to see the full line-up of participants and panels...
Labels: foreign exchange, global economy, globalization, world economic forum
January 28, 2009
WEF: Yuan Talk Misguided
At the World Economic Forum summit in Davos, Switzerland, money men big wigs including Stephen Roach, Morgan Stanley's man in Asia, World Bank Chief Economist Justin Lin, and former USA Treasury Secretary Robert Rubin, agree that demanding Beijing to appreciate the Yuan would be 'economic suicide' (in the words of Roach).
Meanwhile Chinese PM Wen Jiabao spoke today emphasizing the challenges ahead for Beijing to keep th economy growing.
An excellent opinion on wrongheading thinking about the Dollar-Yuan relationship by Bret Swanson of the Center for Global Innovation was in Monday's Wall Street Journal...
Labels: panic of 2008, world economic forum
September 29, 2008
China to USA: A fish doesn’t stink from the tail
The 2008 summer session of the World Economic Forum has concluded in Tianjin, China, with harsh words from China bank regulator Liu Mingkang who criticized the US financial industry for getting the world into the current credit and liquidity mess. The oft quoted and widely respected Chairman of Morgan Stanley Asia, Stephen Roach, said the "The US will have its version of Japan’s lost decade" now.
The consenus appears to be that economic growth will come soley from Asia in the years ahead with all eyes on China primarily.
Labels: bubble, credit crunch, financial crisis, world economic forum
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