So, Hong Kong is not going down the drain after all. What a relief! At least that’s the latest reassessment of Stephen Roach, who is something of a big potato among the China commentariat. Some 16 months ago, the former Morgan Stanley, Asia boss seemed to have finally joined the “death of Hong Kong” brigade,…
It can be a challenge to make an impression on the Met Gala’s red carpet, especially when the competition includes Diana Ross wearing a feathered overcoat with an 18-foot-long train, Bad Bunny toting a bag fit for a bowling ball, and Rihanna arriving fashionably late — with a baby bump. But there are spectacles and…
Donald Trump’s plans for heavy tariffs on goods from China could spark damaging retaliation, Stephen Roach said. China is home to rare earth metals vital to US industry, he wrote in The Financial Times. The country could also dump Treasury holdings, damaging the market for US debt securities. Donald Trump’s plans to implement steep tariffs…
HONG KONG — Prominent economist Stephen Roach has warned against underestimating U.S. President-elect Donald Trump’s campaign promise to slap heavy trade tariffs on China and the rest of the world. “There is a great conviction that the world economy is in perfect shape right now, but here I tell you that is overly optimistic,” Roach,…