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US Remains Preeminent Economic Superpower as China Rises
Summary
China may eventually have the world’s largest economy, but that alone will not make it the preeminent superpower.
The US is nearly 6 times more productive per citizen than China.
Despite China’s rise, the dollar remains the reserve currency of the world, while the yuan has garnered little adoption.
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Several weeks ago, we reached out to our sales team to find out questions they were receiving from Financial Advisors that they wanted us to answer in our Weekly View. There were several questions that we have addressed recently and then there was one that stood out above the rest: The rise of China and the potential diminishing influence of the US. Thus, we will highlight why we believe the US remains the world’s preeminent economic superpower in terms of productivity, currency, and center of influence.
Traders Magazine
MSCI has appointed
Tia Counts to the newly created role of Chief Diversity Officer, effective May 17, 2021. Based in London, Counts will report to Scott Crum, Chief Human Resources Officer. She will be responsible for operating across MSCI to align our Diversity, Equality and Inclusion (DEI) goals with business outcomes. She joins from JP Morgan’s Asset & Wealth Management business where she served as Global Head of Diversity and Inclusion.
Laide Majiyagbe has been appointed Head of Financing and Liquidity assuming oversight of BNY Mellon’s Securities Finance, Liquidity Services and Collateral Segregation businesses. In this newly created position, she will oversee the strategic direction for BNY Mellon’s financing, collateral and short-term liquidity offering. She joins BNY Mellon from Goldman Sachs, where she spent 14 years serving in a variety of positions, most recently as Global Head of Liquidity Projections in the firm’s Corporate Treasury divi
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