When the recent spat between Hong Kong and the central government on how the island state should elect its leaders has proven anything, it is that Hong Kong lost the importance it used to have, says economic analyst Arthur Kroeber in Gulf News.
China has strongly resisted a claim by the World Bank that is had surpassed the economy of the US in PPP terms. Just a matter of time, says economist Arthur Kroeber. China will have to accept it will be the largest, he says in Radio Free Asia.
China has promised wide-ranging financial reforms, moving from repression to the market. That is a much-needed change tells economist Arthur Kroeber in the Institutional Investor, to allow household to use their earnings in a more sensible way.