5 Things Friday
Insights from the Asia Summit
1. SMART READS
The Power of Ideas
2. ASIA SUMMIT — AIIB AND THE EVOLVING MULTILATERAL LENDING LANDSCAPE
Asian Infrastructure Bank Holding Door Open for U.S., Japan
The China-led Asian Infrastructure Investment Bank is keeping the door open for the United States and Japan to join the new multilateral development lender, which is scheduled to begin operations before the year is out. The bank, announced by Chinese President Xi Jinping in 2013, has been joined by 57 nations, including Germany, the United Kingdom, and Russia. Neither the U.S. nor Japan has said it definitely would not sign on as well, AIIB President-Designate Jin Liqun said during remarks at the Milken Institute Asia Summit in Singapore. After his comments, he joined a panel discussion about the bank’s role. Read blog.
3. ASIA SUMMIT — A WORLD IN TURMOIL: FINDING OPPORTUNITIES AMID VOLATILITY
China Establishing a Foundation for Long-Term Growth
The turmoil in China doesn’t pose a serious threat to the global economy, according to the expert panelists assembled for the Asia Summit panel titled, “A World in Turmoil: Finding Opportunities Amid Volatility.” Even though recent stock-market volatility and currency devaluations are a drag on global growth, it’s making the right moves as it transitions from manufacturing to a consumer-driven economy. Read blog.
4. ASIA SUMMIT: TREASURE HUNTERS — FINDING VALUE IN TODAY'S MARKET
The Terrain Is Changing as Investors Seek to Boost Returns
Against an anxious backdrop of roiling Chinese markets and the Federal Reserve meeting in Washington, a panel of financiers and business leaders discussed their strategies during the panel titled “Treasure Hunters: Finding Value in Today's Market.” These experts offered varied approaches to the debt markets, explored the uncertain future of the banking industry, geopolitical hazards, and the challenges of investing in a “1 percent world.” Their favorite topic, though, seemed to be the prospects ahead as Asian capital markets develop. Read blog.
5. Asia Summit — Modi's Second Year: Realism After Optimism
A New Prominence for India
Forecasts of 7 percent-plus GDP growth has bestowed boasting rights on India, considering the speed bumps along China’s economic path, the struggles of Brazil, Russia, and South Africa, and the doldrums in emerging markets at large. Prime Minister Narendra Modi is receiving much of the credit. In fact, although Modi is only in his second year, the businessmen on this panel all want to see him serve multiple terms. Read blog.