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Even we need to cope with Brexit

Cheming Yang

This year is set to be the starting point of EU and UK parting their ways. Brexit is going to work like a divorce for both parties in the sense that it will not be pretty. However, how much this divorce will affect their slightly far removed neighbors in the global village, like us, remains to be seen. Continue reading

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Prospect of 2017

Cheming Yang

If you might recall that my conclusion for 2016 is that the monkey year was on soft landing and stagnant economically at best. Then what is expect of the 2017? 2017 is rooster on Chinese zodiac. Rooster is supposed to be diligent in that it has to rise early to set up the tone for the whole day. The downside is that rooster cannot fly. I am not trying to sound like an astrologist. But rooster might just be omen of what 2017 is going to look like economically. In plain English, the economy in the great Chinese circle is looking up as compared with the previous year but unlikely to be bullish by all means. Continue reading

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Reflection on 2016

Cheming Yang

It is said that 2016 is full of black swans worldwide. But for the Chinese communities, 2016 is still on soft landing economically without much surprise. The GDP growth rate is around 1.2% in Taiwan and that is 6.7% for China. The growth rate is 0.7 percent for Taiwan and 6.9% for China in 2015. Taiwan has done a little better but still hovered at a very low level. China is holding stable but the downward trend has not stopped. Continue reading

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Nothing hurts economy more than epidemics

Cheming Yang

When we talked about the impact of epidemics on economy, the most frequently cited example would be the SARS (severe acute respiratory syndrome) epidemic in 2003. Almost 14 years have passed since SARS, many young people around 20 years old cannot even recall this experience. But there is no lack of new incident. The Middle East Respiratory Syndrome (MERS) epidemic in South Korea last year is an economic disaster for real. Continue reading

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Social enterprise: not just social responsibilty

Cheming Yang

Nowadays, few will argue against the existence of corporate social responsibility. There was a time when the world was still debating about whether businesses should bear social responsibility. Milton Friedman is the most well known champion of the no answer. Friedman was an American economist who received the 1976 Nobel Prize in Economic Sciences. Friedman takes a shareholder approach to corporate social responsibility. This approach maintains the goal of the firm is to maximize profits and reward its shareholders for the risk they took in investing in the firm. The shareholders can then decide for themselves what social initiatives to take part in. Continue reading

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Multilaterals should mean actions more than words

Cheming Yang

With the conclusion of G20 Hangzhou Summit, China has successfully completed its mission as the 2016 host. In addition to G20, China had also in recent years hosted the APEC Summit. With all the forums held around the world and throughout the year, ordinary people definitely have difficulty understandings what they means and what impact they will have on their daily lives. Continue reading

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