Following the Community of Latin American and Carribean States (CELAC) summit held in Havana, Cuba at the end of January, Fernando Menéndez analyzes two potential paths for Latin America’s development and explores China’s future role in the region.
After nearly two years at a standstill, Canada’s immigrant investor program, which was flooded by applicants from Mainland China, is set to come to a close with the possibility of reopening sometime in the near future. As Dan Redford explains, the closing of Canada’s program could be a catalyst for EB5 visas, a similar investment program in the United States.
Following concerns voiced at the World Economic Forum in Davos about China’s burgeoning shadow banking system, Michael Justin Lee examines the role of financial entities that don’t fall under direct bank regulation within market economies and argues that fears of China’s economic downfall are overblown.
The turmoil surrounding China’s shadow banking system is easily understood as more than $1 trillion worth of debt is set to mature in the system before May. However, as Minxin Pei points out, China’s new leadership must turn shadow banking’s impending crisis into a strategic opportunity and face short-term pain to prevent the triggering of a domino-style collapse.
The world’s factory is turning into an R&D machine — and fast catching up with America. Beijing is urgently looking for ways of designing its own products rather than manufacturing someone else’s. Put another way, it wants to shift from making iPhones to inventing them.
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