Korea is becoming far too reliant on exporting to China, and the honey pot won’t last for ever, says Yang Sung-jin.
Asia-Pacific
Latest articles from China
Foundation of Latin American economic revival is shaken by US and China
May 3, 2004The signs for optimism in Argentina, Brazil and Mexico are under threat from a cooling of the Chinese economy and a probable rise in US interest rates.
Custodians could catch China outflow
May 3, 2004The big issue in China is not inward investment but outward investment. Even as the queue for QFII (Qualified Foreign Institutional Investors) status lengthens (allowing access to China’s renminbi denominated A shares market, the bulk of stock market capitalisation), the talk is of when China’s own insurance and social security funds may be allowed to venture overseas freely and openly.
Foreign bank integration accelerates in China
May 3, 2004
Louise do Rosario says the pace of change has speeded up dramatically since China signed up for WTO status.
For many years, foreign banks in China grew at a snail’s pace, while the local economy was growing an impressive 8%-9% a year. Foreign banks made a negligible impact on the local banking scene, as they were confined by law to a few cities and to serve mainly foreigners.
This situation has changed, thanks to the financial liberalisation China has made in accordance with its commitments to the World Trade Organization (WTO).
Banking alliances
May 3, 2004In recent years, foreign banks have made many alliances with and investments in their Chinese counterparts.
China corners ‘captive’ market
May 3, 2004In an increasingly interconnected world, large financial services institutions (FSIs) are already sourcing their IT and business process services from a variety of international locations. As outsourcing services have evolved from filling tactical gaps to providing strategic cost and quality advantages as well as innovative features, FSIs are tapping supplementary alternatives to India as a location for offshore outsourcing.
China and India: the new powerhouses
March 3, 2004Mervyn Davies, group chief executive of Standard Chartered, shares his vision of Asia with The Banker.
Preparing for the competition
March 3, 2004China’s barriers to foreign banks will soon be coming down but their expertise will also be useful to local institutions, says Louise do Rosario.
Dire predictions on China are nothing more than scaremongering
February 3, 2004Projections on growth for China that envisage a doomsday scenario for the rest of the world are both overblown and flawed.
China is hive of updating activity
February 3, 2004Activity to update the banking systems is continuing in mainland China, one of the latest moves being Bank of China’s implementation of Summit Systems’ treasury and capital markets software across its interest rate derivatives trading desks.