Economics Asia

Prasad, Pettis Lock Horns on China Growth Prospects

March 19, 2015

By Michael Pettis, Peking University, and Eswar Prasad, Cornell University As China enters the year of the goat, opinions on the state of the economy have seldom been so divided. Bloomberg Brief asked Michael Pettis and Eswar Prasad to lock horns in debate. The question: can China maintain GDP growth of about 6

Laboring Through China’s Census Data

December 22, 2014

China’s economy is so big that a data revision has uncovered output larger than the entire GDP of most other countries. That’s an eye catching uplift, it also makes China’s reform challenge a little easier to face. Click here to view the full showcase. 

Asean Integration 2015

December 1, 2014

The Association of Southeast Asian Nations has set Dec. 31, 2015 as its target date for regional economic integration — including a single market and production base with the free movement of goods, services, investment and skilled labor, and the freer flow of capital. Bloomberg Brief assesses Asean’s progress so

Reforming China’s Financial Markets

September 15, 2014

China’s plans to put the world’s second-largest economy on a sustainable growth path are centered on financial reform. At the Third Plenum summit last November, policy makers promised a stronger role for the market in setting interest rates and the exchange rate, a revamped equity market and a greater role for the private sector. A year on,

FINANCIAL REGULATION – Asia-Pacific Region Special

August 1, 2014

Welcome to the inaugural Asia-Pacific-focused special edition of Bloomberg Brief: Financial Regulation. As regulation remains especially complex in Asia, with its many countries in varying stages of economic development, we aim to provide coverage of how the region is handling its unique regulatory challenges. This issue focuses on topics including how banks in Asia


July 14, 2014

A year and a half into Prime Minister Shinzo Abe’s attempt to lift Japan’s economy from its two-decade stagnation, policy makers say Abenomics is on track. Inflation has moved higher, corporate profits are up and businesses are starting to invest again. Not everyone is so optimistic. The Nikkei is the worst performing major market in

China Debate: Prasad vs Pettis on the Future of China’s Growth

January 22, 2014

Bloomberg Brief invited two leading China academics to discuss whether far-reaching reforms can maintain growth in the world’s second-largest economy at its current pace. Eswar Prasad says that expansion can continue at 6 percent to 7 percent, while Michael Pettis argues that rising debts and high costs of reform mean

Yuan and Yen Outlook for 2014 Challenge Consensus

January 7, 2014

A strengthening Chinese yuan and weakening Japanese yen mean Asia’s two major currencies face sharply contrasting fortunes in 2014. China’s yuan is set for a strong year. The currency ended 2013 at 6.05 to the dollar, increasing 2.9 percent annually. In 2014, the yuan will rise to 5.98 by the