US Treasury Secretary Steven Mnuchin, an investment banker before joining the Trump administration, roused public criticism when he and his wife, Louise Linton posed with a sheet of uncut dollar notes in November 2017, with observers comparing them to “Bond villains”. Photo: Bloomberg US Treasury Secretary Steven Mnuchin, an investment banker before joining the Trump administration, roused public criticism when he and his wife, Louise Linton posed with a sheet of uncut dollar notes in November 2017, with observers comparing them to “Bond villains”. Photo: Bloomberg
US Treasury Secretary Steven Mnuchin, an investment banker before joining the Trump administration, roused public criticism when he and his wife, Louise Linton posed with a sheet of uncut dollar notes in November 2017, with observers comparing them to “Bond villains”. Photo: Bloomberg
Andrew Sheng
Opinion

Opinion

Andrew Sheng

Climate change, inequality and financial crises show the old order is changing – but into what?

Andrew Sheng says that there is broad agreement that a global order marred by inequality, dangerous climate developments and financial crises must change, but even panels of experts cannot produce a consensus on the shape it will take next

US Treasury Secretary Steven Mnuchin, an investment banker before joining the Trump administration, roused public criticism when he and his wife, Louise Linton posed with a sheet of uncut dollar notes in November 2017, with observers comparing them to “Bond villains”. Photo: Bloomberg US Treasury Secretary Steven Mnuchin, an investment banker before joining the Trump administration, roused public criticism when he and his wife, Louise Linton posed with a sheet of uncut dollar notes in November 2017, with observers comparing them to “Bond villains”. Photo: Bloomberg
US Treasury Secretary Steven Mnuchin, an investment banker before joining the Trump administration, roused public criticism when he and his wife, Louise Linton posed with a sheet of uncut dollar notes in November 2017, with observers comparing them to “Bond villains”. Photo: Bloomberg
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Andrew Sheng

Andrew Sheng

Andrew Sheng is a former central banker and financial regulator, currently distinguished fellow at the Asia Global Institute, University of Hong Kong. He writes widely on Asian perspectives on global issues, with columns in Project Syndicate, Asia News Network and Caijing/Caixin magazines. His latest book is “Shadow Banking in China”, co-authored with Ng Chow Soon, published by Wiley.