Joel A. Gallo
CEO, Columbia China League Business Advisory Co.
Dec 22, 2020
China’s fast growing economy has been the story of the 21st century. By learning from past catastrophes, Beijing hopes to avoid the costly recessions that have burdened other wealthy nations who exposed their financial sector to risk-laden operations.
Nov 10, 2020
The People’s Bank of China is pressing forward with a digital yuan, which leaves China’s digital currency plans significantly ahead of western nations’. While the U.S dollar has dominated global trade since WWII, the yuan, whether digital or analog, will have a leading role in challenging the hegemony of the dollar.
Aug 28, 2020
Hainan’s attractive geography and proximity to major trade routes create a multitude of economic opportunities for China. A proposed free-trade port on the island could improve access to all it has to offer and create a potential economic boom.
May 28, 2020
While the fast-changing nature of COVID-19 makes economic interventions difficult to predict, China's uneven economic recovery may serve as a roadmap for other countries overcoming the outbreak.
Apr 16, 2020
The coronavirus pandemic has sent firms into a frenzied dash to raise cash, a somber sign that the worst of the coronavirus is still ahead of us. Central banks may be called on yet again to prevent a global funding crisis.
Mar 13, 2020
The U.S. has long reigned supreme in global finance, but a new challenger to its hegemony has emerged. China’s attempts to lessen its and the world’s dependency on the dollar and especially America’s willingness to abuse its stewardship of the global financial system have influenced a dangerous weaponization of financial networks that promises a rocky road ahead for both countries.
Feb 12, 2020
Despite the tenuous relationship between the U.S. and China, many Chinese companies are keen on listing IPOs on the U.S. stock markets. As Chinese firms start the listing process, it would be wise for them to tread carefully and maintain an active, hands-on approach.
Dec 12, 2019
Further opening and reform of China’s financial sector is good news for foreign firms and even better news for China itself. Financial innovation will encourage economic growth and benefit companies and the public sector alike.