News

Xi's squeeze wins concessions from Kim

Oil_pumps_commoditiesTrade data suggests China has all but halted exports of critical supplies such as petroleum to North Korea. This economic pressure may explain an apparent change of policy from North Korean leader Kim Jong-un, who used his first official foreign visit to meet Chinese leader Xi Jinping in Beijing last month. “Over the past five months, China’s exports of refined petroleum have collapsed,” said Alex Wolf, senior emerging markets economist at Aberdeen Standard Investments, who drew attention to the trade data in a research note. North Korean imports of steel and cars from China have also dropped sharply, a signal the smaller economy is under considerable strain. “While China’s role over the past few months has often been overlooked or little understood, it appears a strategy could be emerging: China wants to play a central role in 'resolving' this crisis, but wants to do it on its own terms,” said Wolf. ©2018 funds global asia

Executive Interviews

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

Roundtables

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.

HONG KONG ROUNDTABLE: A sunny picture

Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.