China’s exports came in at US$94.5bn in February, up 45.6% y-o-y and higher than consensus estimates. The data shows a continued outperformance of exports to emerging markets relative to developed markets, with exports to emerging markets such as India (up 54%), and Brazil (up 92%) showing the most impressive gains.

On the imports side of the [Read more...]

In an era where a global financial crisis has been caused not by developments in Russia, South-East Asia or Argentina, but by banking insolvency in the United States and sovereign default risks in a eurozone member state, namely Greece, our panel of senior commentators discusses what it means to be an ‘emerging market’. Justin Patrie, [Read more...]

 

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In 2009, companies around the world raised US$892bn in initial public offerings (IPOs), which was 41% higher than in 2008.

Of that amount, a sizeable US$314bn was raised in Q4 2009, creating the impression that the year-end momentum would likely spill over into the new year. Indeed, a variety of banks and analysts produced bullish [Read more...]

When global stock markets were rising in 2009, and government co-operation was thought to have saved the world from economic catastrophe, the continued deterioration of trade ties between the US and China went largely unnoticed. However, rising protectionism is now here, and I think this issue will rise in significance over the coming months.

Few people would dispute that the relationship between the US and China is the most important in the world, so much so that the term ‘Chimerica’ is used often nowadays to refer to the two countries as a single economy. Both sides generally benefit, if you overlook the huge US trade deficit with China, and [Read more...]

Most people are well aware that the BRIC (Brazil, Russia, India, China) countries are big recipients of foreign direct investment (FDI). But they are also big sources of FDI.

In 2009, for the first time, emerging market outbound mergers and acquisitions (M&A) flows outpaced inbound M&A flows, reaching US$131.8bn, according to Dealogic. Most of these [Read more...]

This week the People’s Bank of China tried to send a clear signal that it is starting to tighten monetary conditions as the economic recovery takes hold. Stuart Allsopp, BMI China analyst, explains the significance of the bank’s  move to raise its 3-month bill financing rate and reserve requirement ratios for the monetary policy outlook [Read more...]

 

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