China’s Forex mountain: Beijing’s foreign reserves rose at the fastest pace in four months to US$3.054 trillion as of May 31. Steve Wang and Poo Yee Kaireport that the world’s largest stockpile of foreign reserves continues to grown as China again announces it will not be loosening its tight control on offshore capital flow. READ THE STORY HERE Asian stocks performing: Emerging Asia has disappointed equity investors during the past seven years but there are now good reasons to expect Asian stocks to outperform the S&P in the next couple of years. David P. Goldman writes that emerging Asia now sits at the centre of a revival of world trade and this, combined with a changed, more positive, perception of Chinese economic management and the regional impact of Beijing’s $1 trillion infrastructure Silk Road spending plan, are all positives for Asian stocks. READ THE STORY HERE
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