An employee works at an electromechanical equipment company in Kaiping, in Hebei province. Manufacturing activity has edged up in China and the United States. Photo: Xinhua
David Brown
Opinion

Opinion

Macroscope by David Brown

Markets think the worst may soon be over for the world economy. Governments must prove them right

  • Fears of a market crash are out of date. Recent business confidence numbers from the US, China and even Germany show the global economy is not down and out. The world’s governments must seize the momentum and find new ways to fund sustainable recovery

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An employee works at an electromechanical equipment company in Kaiping, in Hebei province. Manufacturing activity has edged up in China and the United States. Photo: Xinhua
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Construction workers in Chongqing, China, on March 22. The fate of China’s economic war with the US depends less on the trade deals negotiated and more on whether China can prevent a property market collapse. Photo: AFP
Shirley Ze Yu
Opinion

Opinion

Shirley Ze Yu

Forget the trade war. Beijing’s worst nightmare is a property market collapse, Japan-style

  • China’s biggest economic risk in 2020 comes from its efforts to deflate the real estate bubble, which is closer to collapse than any point since 2003. Failure to find a soft landing may spell the end of China’s economic dream

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Construction workers in Chongqing, China, on March 22. The fate of China’s economic war with the US depends less on the trade deals negotiated and more on whether China can prevent a property market collapse. Photo: AFP
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