Professor Niall Ferguson visited São Paulo in April to address Itaú’s annual MacroVision conference, and found time to sit down with Euromoney to talk fintech, social media and trade. In particular he focused on China and how it will impact Latin America’s future.
Euromoney meets with Ferguson later that day, a little uncertain about Ferguson’s range of knowledge and experience of Latin America. Such concerns were laid quickly to rest with Ferguson’s response to the opening question, which picked up on a point that he had made in his speech about the relative speeds of adoption of mobile payments in Asia (and China in particular) compared with the US. Could emerging markets in Latin America reach Asian levels of near-universal adoption of new payment technologies? Continue reading
The U.S. Navy sent a destroyer on a “freedom of navigation” mission through the Paracel island chain in the South China Sea, and the Chinese regime claims it will toughen its response to similar missions in the future.
On Jan. 30, the USS Curtis Wilbur passed within 12 nautical miles of the less than one-square mile Triton Island, which is claimed by China, Taiwan, and Vietnam.
What’s ironic is that the Chinese regime is calling the incident an act to establish U.S. hegemony, when in fact it was to counter Chinese hegemony already being claimed over the entire region.
China’s response plays perfectly into the ancient Chinese saying: “It’s the thief who yells ‘stop thief.’” Continue reading