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: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.


SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.