The BRICS are already driving the world economy. The willingness of representatives of these emerging economies will make a greater contribution to the sustainable and inclusive development of the global economy and to the improvement of global governance.

China’s digital economy is a force to be reckoned with. The country now accounts for 42% of global e-commerce, boasts one-third of the world’s most successful tech startups, and conducts 11 times more mobile payments than the United States per year. But there are major challenges ahead.

China’s foreign business policy was carried out in a double track strategy: embracing globalization, while enhancing protectionism. This was key in order to develop China’s strength in certain industries— especially those that are already well-developed in western countries— in a less-competitive environment.

After years of post-crisis despair, the broad consensus of forecasters is now quite upbeat about prospects for the global economy in 2018. World GDP growth is viewed as increasingly strong, synchronous, and inflation-free. Exuberant financial markets could hardly ask for more.

East West Bank CEO Dominic Ng pinpoints future opportunities for Hollywood-China cooperation.

Although President Donald Trump appears to have changed his tune on China from all-out accusatory on the campaign trail to grumbling in the Oval Office, U.S.-China economic relations are at their most precarious in years. The issue of trade is a major stumbling block between the two nations.

Trump’s tax reform triumph brings its own set of risks to the recovering US economy.

Late last month, the Trump administration “self-initiated” antidumping and countervailing duty investigations of imports of aluminum sheet from China. Reactions from media, social media, and the Chinese government seem to suggest these measures are especially provocative, pushing Washington and Beijing even closer to the brink of a trade war. But there is a less dire interpretation to consider.

The U.S. Congress appears poised to pass major tax reform legislation before the end of 2017. There will be international spillover from these proposed changes.

There were great expectations in Canadian business circles that Prime Minister Justin Trudeau’s visit to China would result in the announcement of the beginning of bilateral trade negotiations between the two countries. But it didn’t happen. Trudeau’s visit is being assessed in some quarters in Canada as a failure, but it is important to get the terms right before embarking on what will be a long and difficult negotiation.