We could have also headed our article : “No, the inflating
of the Chinese stock exchanges isn’t a bubble”. The Shanghai stock exchange’s
exuberant 100% increase in one year is certainly frightening, but it reflects a
real dynamic (or rather a correction) of the country’s economic development.
One really has to wonder how real money (Chinese savings) invested in real
needs (infrastructure, social systems, decontamination, Silk Road…) could
create a bubble. We want to pick up on the inconsistency that there is of being
afraid of the financial centres’ gain in value in the obvious economic
development zones like China whilst, for years, the whole world must marvel at
the Western stock exchanges’ numbers, in particular in the US, in complete
contradiction to the economic fundamentals of the areas concerned. Yes, the US
stock exchange is in a full bubble (as well as, to a lesser extent, Japan and
Europe). But the freeing up of the emerging nations’ dynamics, equipping
themselves with infrastructure tools according to the size of their revenue
streams, is on the point of absorbing all these bubbles to finance business
development on a scale never seen before. The global crash won’t happen
therefore because “planet finance” has only just been born...
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The number of bankruptcies among publicly traded U.S.
companies has climbed to the highest first-quarter level for five years,
according to a Reuters analysis of data from research firm bankruptcompanynews.com.
Reuters
Financial transparency, corporate governance and high
standards in top management skills will be the cornerstones of the Asian
Infrastructure Investment Bank. Already 57 countries have joined the AIIB with
South Korea, the United Kingdom, Australia,France, Germany and Italy all
signing up as founding members...
China Daily
In the heady days of the commodity boom, oil-rich nations
accumulated billions of dollars in reserves they invested in U.S. debt and
other securities. They also occasionally bought trophy assets, such as
Manhattan skyscrapers, luxury homes in London or Paris Saint-Germain Football
Club.
Bloomberg
Transparency publie un rapport critique sur le contrôle
insuffisant des groupes de pression.Voilà qui ne va pas réconcilier les
Européens avec leurs gouvernements ou leurs institutions: ils sont minés par
des lobbys qui influencent comme jamais leurs lois ou règlements. En toute
opacité, en toute impunité...
Liberation
China's open-door policy and Russia's increased focus on Asia
have started showing signs of a strategic convergence. The emergence of China
has prompted the U.S. to shift its focus to Asia Pacific under its “Asia Pivot”
strategy. But unfazed China continues to expand its geopolitical influence and
military power, challenging the United States’ position as the world’s
superpower. Meanwhile, economic sanctions imposed by the U.S. and its allies
have prompted Russia to move closer to Asian countries to alleviate the impact
of sanctions.
Value Walk
The EU has just published an independent report on its rule
of law mission in Kosovo, Eulex. It concerns a scandal which erupted last year,
when an official of the mission publicly accused it of having covered up a case
of judicial corruption within its ranks...
EUObserver
On March 16, the presidents of Turkey, Azerbaijan and
Georgia travelled to Kars in Turkey’s mountainous northeast, and then to a
remote worksite near the border with Georgia, to launch construction of the
1,850km Trans-Anatolian gas pipeline (Tanap).
Financial Times
Six weeks into a 1.1 trillion-euro ($1.2 trillion)
asset-buying plan to propel euro-area inflation out of the doldrums, the
European Central Bank president is set to be asked at his regular press
conference what happens if he succeeds before the provisional end-date of
September 2016. His challenge is to show that policy makers are determined to
cut off extraordinary support only when they’re sure the economy can stand on
its own.
Bloomberg
South African President Jacob Zuma met visiting Chinese
Foreign Minister Wang Yi in Cape Town on Wednesday, with the two sides vowing
to strengthen industrial cooperation. Zuma said African countries are eager to
step up industrialization and strengthen their self-ability for development – a
process where Chinese engagement is welcomed, especially the cooperation in
industrial production.
European shares hit a 14-year high on Wednesday before a
meeting at which the European Central Bank is expected to affirm its loose
policy stance, as weak data from China raised prospects of monetary easing
there too.
EU competition commissioner Margrethe Vestager is expected
to formally file charges against US internet company Google on Wednesday (15
April), according to several media reports. The commission has been
investigating whether Google has abused its dominant market position in
internet search to advance its other services since November 2010.
Sous l'effet de la politique accommodante de sa banque
centrale, une reprise se dessine enfin dans la zone euro. Mais il est trop tôt
pour la considérer comme durable. Pour la prolonger, beaucoup dépendra de
l'Allemagne...
In a speech marking the country's Holocaust remembrance,
Israeli Prime Minister Netanyahu compared Iran to the Nazi regime. He also
accused the international community of repeating mistakes made before World War
II.
The race for renewable energy has passed a turning point.
The world is now adding more capacity for renewable power each year than coal,
natural gas, and oil combined. And there’s no going back...
-------------------------
This special Press Review reviews articles from the French
and Engligh-speaking international online media relating to the unfolding
global crisis.
It is delivered freely on a weekly basis to 60,000
recipients worldwide.
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