Commentary – William Pesek

Category: Commentary

China’s bill for debt binge coming due

NIKKEI ASIAN REVIEW Yuan flashes warning signs amid slowing economy and widening trade war William Pesek August 03, 2018 The 2008 “Lehman shock” is finally catching up with China. Beijing beat the odds for a decade, with the Chinese economy growing at above 6.5% year after year. It managed that feat with an epic explosion

What Einstein could teach Japan

NIKKEI ASIAN REVIEW The Bank of Japan just admitted defeat With monetary policy failing, Kuroda should switch target from consumer prices to wages William Pesek August 02, 2018 The Bank of Japan did nothing on Tuesday. That, at least, is the considered view of the financial intelligentsia, which had been bracing for policy fireworks. It

China’s four trump cards in the trade war

NIKKEI ASIAN REVIEW Beijing is deploying weapons the US did not anticipate July 27, 2018 William Pesek “Trade wars are good, and easy to win.” So claims Donald Trump. Interesting, then, to look at how China’s Xi Jinping is proving the U.S. president wrong on both accounts. Trump’s description of trade wars as “good” is given