Financiers’ pronouncements on China do not match their actions
The bulls are less bullish than they appear
Hong Kong brands itself “Asia’s world city”, a label that has been mostly deployed in mockery over the past three years of political suppression and pandemic-induced isolation. Yet the city’s government would like to make the slogan true once again. It had hoped the Global Financial Leaders’ Investment Summit, which welcomed financial bigwigs on November 2nd, would advertise the once semi-autonomous city’s return to the world. Instead, the event turned into another symbol of the headaches facing Western investors in China. Mainland bankers, with whom chief executives would have hobnobbed, could not attend without ten days of quarantine on their return home. American lawmakers urged executives not to go, citing China’s human-rights record.
This article appeared in the Finance & economics section of the print edition under the headline “Red faces”
Finance & economics November 5th 2022
- Europe’s energy crisis is very far from over
- Even recession may not bring down Europe’s inflation
- The Fed delivers another jumbo rate rise, and it’s far from done
- The growing popularity of a strange form of debt diplomacy
- Financiers’ pronouncements on China do not match their actions
- Xi Jinping promises financial stability. He is not delivering it
- How best to bring back manufacturing
More from Finance & economics
Why your portfolio is less diversified than you might think
The most important idea in modern finance has become maddeningly hard to implement
Can Germany’s economy stage an unexpected recovery?
The situation is dire, but there are glimmers of hope
Giorgia Meloni has grand banking ambitions
Will Italy’s nationalist prime minister manage to concentrate financial power?
Tech tycoons have got the economics of AI wrong
Following DeepSeek’s breakthrough, the Jevons paradox provides less comfort than they imagine
Donald Trump’s economic warfare has a new front
The president has threatened to blow up the global tax system. Will allies be able to stop him?
Don’t let Donald Trump see our Big Mac index
America’s tariff-loving president could learn the wrong lessons from international burger prices