China is apparently keen to avoid the ascendancy of ‘moneymakers’ over ‘thing makers’ in Western economies that has helped create economic inequalities and social friction.
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An attendant walking past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing in 2018. EU’s new investment deal with China has alarmed the incoming Joe Biden administration. Photo: Reuters
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Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London
A firefighter douses flames as they push towards homes during the Creek fire in the Cascadel Woods area of California on September 7. Climate change has contributed to the death and dryness of trees that fuel the spread of wildfires. Photo: AFP
Opinion
Macroscope by Anthony Rowley
As Joe Biden prepares to rejoin the global fight against climate change, who will foot the bill?
To garner the necessary funds to combat climate change, the US needs a financial system tsar who can push Wall Street to come up with products linked directly to long-term investment in individual UN Sustainable Development Goals
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The US Federal Reserve has pledged to keep on buying up massive amounts of debt and to keep interest rates low for the next few years. Photo: Reuters
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Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London
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