Search Results
Results 251–300
of 595 found.
Misperceptions of Thailand
by Tarik Jaleel of Matthews Asia,
Thailand’s rapidly greying society discourages some investors. But while its population trend may necessitate a restructuring of its economy, some short- and long-term policies can improve the country’s basic infrastructure and more quickly foster the right environment to accommodate a more sustainable governance system.
Dividend Boost from Korea
by Michael Han of Matthews Asia,
With President Park Geun-hye leading the way, South Korea has received the domestic investment boost it’s needed. This week, Portfolio Manager Michael Han explains what has led to the improvement of Korea’s corporate governance and why he’s optimistic about its future.
This Should End Talk of a Hard Landing
by Andy Rothman of Matthews Asia,
A modest credit stimulus and a housing market rebound led to a pick-up in investment and industrial activity during the first quarter of the year, and while that should end talk of a hard landing, the gradual deceleration of China’s economic growth will continue. Growth is driven increasingly by consumption and services as rebalancing proceeds, and that part of the economy—the largest part—continues to offer opportunities for investors.
Staying the Course
by Kenneth Lowe of Matthews Asia,
This is an era in which central bankers influence markets to an ever greater degree, high debt levels need to be dealt with, greater fiscal policy may become more commonplace and liberalization in Asia must continue apace to ensure that the region’s prior 20 years of solid economic and institutional development is continued into the next 20. But how do investors continue to strive to find those companies that can deliver, and potentially even further enhance, their positioning during such challenging times?
A Glimpse into North Korea
by Colin Dishington, of Matthews Asia,
During a recent visit to Asia, I took the opportunity to join a tour to the notorious demilitarized zone that separates North and South Korea. The “DMZ” as it is more commonly referred to, is 4 kilometers wide and has served as a buffer zone between the two states since the Korean War Armistice Agreement of 1953.
Taiwan's New Status Quo
by Tiffany Hsiao of Matthews Asia,
During the first decade of her political career, Taiwan’s President-elect Tsai Ing-wen essentially maintained bipartisanship between the pro-unification Kuomintang (KMT) party and its rival Democratic Progressive Party (DPP). But now her election win to Taiwan’s top post sends a strong message to Beijing that cross-strait affairs may not be as smooth as they have been under KMT rule.
25 Years of Investing in Asia
Matthews Asia has reached a milestone in its history—25 years of investing in Asia. What have been the biggest challenges? What lessons have been learned? This month’s Asia Insight features Robert Horrocks, PhD, and Sharat Shroff, CFA, who share their thoughts on the investing disciplines they have formed in the two decades since Asia has evolved from “interesting but obscure” to a frontline asset class.
India: What Makes it Unique?
by Sunil Asnani of Matthews Asia,
The latest GDP figures of 7.3% year-over-year in India indicate growth is outpacing that of China, and affirms its spot as one of the world’s fastest-growing economies. With its vast population and the rapid changes taking place, some liken today’s India to China 20 years ago. We think this comparison is too shallow and does not tell the entire story. India’s evolution has been very different from the rest of the developing world. Here are five aspects unique to the Indian economy.
Finding Growth in Asia
by David Dali of Matthews Asia,
Where can investors find a reasonable investable theme? One thematic idea that I find fairly convincing is that Asia stands out in a world of low economic growth—especially emerging Asia—but, how you access that growth matters. This month, Matthews Asia Client Portfolio Strategist David Dali explores how to tap the growth opportunities within Asia.
Pollution and China's Economic Transformation
by Henry Zhang of Matthews Asia,
China’s air pollution has made frequent headlines recently, and authorities have implemented various measures to try to alleviate the situation. This week Portfolio Manager Henry Zhang writes about China’s attempts to solve its environmental issues during this critical juncture in its economic development.
Message to Shareholders
by Robert Horrocks of Matthews Asia,
I can't believe I am putting my fingers to the keyboard again to write about U.S. Federal Reserve rate rises. Again!! You must be thoroughly bored with the whole tedious topic; I am certainly starting to tire of it. But it is an important topic for a couple of reasons: first, because December saw the first rate rise in the U.S. in almost a decade; second, because people seem to have serious misunderstandings about what it means for Asia. I intend to take on the second of these issues—the misunderstandings—and then examine more important matters concerning Asia's domestic growth.
Surviving Chinese Volatility
by Andy Rothman of Matthews Asia,
2016 is likely to be a year of volatility in China. This month’s Asia Insight explains how this volatility can create opportunities for investors, especially when dire headlines incorrectly assume that weak performance by outdated market indexes signal an economic hard landing.
Managing Chinese Volatility
by Andy Rothman of Matthews Asia,
China’s economy continues to decelerate, but gradually and while generating a much bigger incremental expansion in GDP than a decade ago. The old economy is weak, but the consumer and services part—the biggest part of the economy—remains healthy. Recent volatility is likely to continue, as the economy becomes more market-oriented and regulators experiment with unfamiliar tools.
Which China are You Looking At?
by Andy Rothman of Matthews Asia,
Few investors recognize that this is almost certain to be the third consecutive year in which the manufacturing and construction part of China’s economy will be smaller than the consumption and services part. What else have we learned about China in 2015? Sinology examines.
Why the Fed Liftoff Matters
by Teresa Kong of Matthews Asia,
When the U.S. Federal Reserve finally lifted the key rate by a quarter point on December
16, it was arguably the most widely anticipated rate hike in U.S. monetary history. This
Fed liftoff matters precisely because no other major central bank in the world has the
ability to do it. This marks the end of ZIRP (zero interest rates policy) for the U.S. But
every other central bank is in ZIRP or is heading in that direction.
A Vote of Confidence for the RMB
by Wei Zhang of Matthews Asia,
On November 30, 2015, the International Monetary Fund (IMF) announced its decision to add the Chinese renminbi (RMB) to the basket of currencies that make up the Special Drawing Right (SDR). The IMF SDR basket inclusion criteria—last updated in 2000—requires that the SDR basket comprise currencies whose exports of goods and services had the largest value over a five-year period, and have been determined by the IMF to be “freely usable.” The Chinese RMB has long met the first criteria of a currency whose exports of goods and services play a central role in global trade.
South Korea 2.0
by Michael Oh of Matthews Asia,
Some key differences between Korea’s older companies and its newer “2.0 firms.” include their target demographics, regional reach and branding tied to rising interests in Korean pop culture, or K-pop. Whereas the products of Korea’s more traditional and longer-standing exporters were geared toward developed economies, its newer cultural exports are a hit with more developing countries. This month Asia Insight explores such cultural exports, including those from industries as travel & leisure and entertainment, which are growing even faster than Korea’s overall export growth.
A Step in China's Economic Journey
by Robert Horrocks of Matthews Asia,
We emerge from the recent Chinese Communist Party Plenum with sketches of a new “five-year-plan.” Hurrah! There is always much fanfare around these events—not least in the investment community. We will no doubt hear the sentiment that China is a policy-driven stock market and so all the short-term traders are keen to see which sectors and industries are in favor. Then begins the game of who might get a subsidy, a contract or beneficial regulation.
Currency Risk, still an Afterthought?
by Anton An of Matthews Asia,
Foreign exchange concerns were once an afterthought for equity investors. But the recent slowdown in emerging markets, and the potential for the U.S. Federal Reserve to raise interest rates, makes it even more critical for investors to examine currency exposure throughout corporate financial statements.
Digital India
by Sudarshan Murthy of Matthews Asia,
During Indian Prime Minister Narendra Modi’s recent visit to Silicon Valley, he promoted his “Digital India” project, which aspires to provide easy access to a digital infrastructure for all of India. This is no small feat considering about 40% of the population still lacks access to proper sanitation. How feasible are these goals?
An Important Rebalancing Milestone
by Andy Rothman of Matthews Asia,
Third quarter macroeconomic data shows that Chinese consumers shrugged off the A-share market fall, with a small acceleration in spending. While many headlines may declare that China’s 6.9% GDP growth was the slowest since 2009, it should be noted that this pace of growth was on a base that is about 300% bigger than it was a decade ago (when GDP growth was 10%), meaning that the incremental expansion in China’s economy this year is about 60% bigger than it was back in the day.
Asia Lens on Global ESG
by Vivek Tanneeru of Matthews Asia,
For Asia’s vast, newly minted middle classes, quality of life issues are increasingly becoming front and center. Governments and regulators are increasingly tackling Environmental, Social and Governance (ESG) issues and taking these problems more seriously. For investors looking to make investment decisions based upon ESG factors, Asia represents one of the best opportunities to gain exposure to companies that can make a long-term difference to the region and the world.
Not Making it in India
by Siddharth Bhargava of Matthews Asia,
Despite all the lip service Indian authorities give to policy reform, some smaller textile manufacturers in India still find the country’s business challenges not worth the effort. Lured by the speed and ease of setting up business abroad in countries like Bangladesh and Vietnam, their incentive to stay has diminished.
Postcard from Huallywood
by Sharat Shroff of Matthews Asia,
First came Hollywood, then India’s Bollywood. Now, China’s Jiangsu province is hoping Huallywood will be the next film production site to make international waves. As a prime example of the China’s steady migration toward services-led growth, Wuxi studios—developed on the site of a former iron and steel factory—is trying to attract college students and independent artists.
Visit to Cradle of Innovation and Entrepreneurship
by Rahul Gupta of Matthews Asia,
There is a lot of optimism around Indian Prime Minister Narendra Modi’s visit to the San Francisco Bay Area, and rightly so. India is expected to add more than 100 million employable workforce to the global labor pool in the next decade. The country needs to find many engines of growth to provide employment opportunities to its population. Mr. Modi understands this very well—hence his slogan “Make in India.” The Prime Minister shown his acumen in understanding productivity the technology industry can unleash, and his upcoming visit to Silicon Valley’s cradle of innovation and entrepr
Japan Then and Now
by Kenichi Amaki of Matthews Asia,
Late in 2006, Matthews Asia was wrapping up a special report titled “Japan Reawakens.” The timing of that AsiaNow publication, just ahead of the Global Financial Crisis, was unfortunate to say the least. With the ensuing economic turmoil, Japan fell asleep again, sliding off the radar screens of many investors. But as interest in Japan has more recently re-emerged, I thought it would be important for us to take a look back and consider what we previously published. Has Japan evolved the way we had envisioned? What’s changed and what hasn’t?
China: Double, Double Toil and Trouble/Fire Burn, and Cauldron Bubble?
by Andy Rothman of Matthews Asia,
Many argue that China’s economy is descending into policy chaos and a witches’ brew, otherwise known as a hard landing. But perhaps tellingly, even during the recent A-share fall, Chinese consumers seemed to shrug off the drama and continued to spend. China’s recent economic developments can be seen as stumbles along the path toward growth rates that are continuing to decelerate (but are still quite fast) from an economy that is increasingly “rebalanced.” This latest issue of Sinology explores the thinking behind this non-consensus conclusion.
China Sets its Sights on Life Sciences
by Jerry C. Shih of Matthews Asia,
China is a market too large to be ignored—this has long been a saying among those considering doing business in the country. But increasingly, multinational corporations see China as a hub of nascent innovation. China’s evolving pharmaceutical landscape and the government’s pro-innovation policies are driving indigenous innovation in its life sciences. Asia Insight explores China’s path in this arena.
Times Like This
by Robert Horrocks of Matthews Asia,
Times like this in the markets can be unsettling. We are accustomed to dealing with risk, or at least familiar with “normal” market swings from year to year. But when there is a sudden abrupt fall in markets, investors are often left to wonder “What is going on?” Are we seeing a repeat of 1997? 2013? Matthews Asia’s Chief Investment Officer Robert Horrocks, PhD, offers his views on recent developments, drawing from historical context but also noting the instances in which history can be misleading.
Is Now the Time to be Bearish on China?
by Andy Rothman of Matthews Asia,
One of the world’s largest hedge funds has turned bearish on China, arguing that the recent stock market correction means ‘‘there are now no safe places to invest’’ in that country. I disagree. I respect Bridgewater as an investment house and their views require serious attention. But I think it worthwhile to explain some areas where my views differ.
Asia Insight: Online to Offline—The Great Technology Migration
by Michael Oh of Matthews Asia,
Asia has demonstrated an uncanny ability to leapfrog certain technological developments, making much quicker transitions to new technologies than Western countries: jumping from fixed line to wireless communications and moving away from desktop devices to mobile devices. Now, the latest interesting instance of technology leapfrogging that is happening in Asia is dubbed “Online-to-Offline,” commerce, or O2—an e-commerce model that combines offline opportunities with online platforms. Asia Insight explores.
China's Rebalancing Continues
by Andy Rothman of Matthews Asia,
The rebalancing of China’s economy continued in the second quarter of this year, as services and consumer spending drove more growth than industry and construction. The inevitable deceleration of most year-on-year (YoY) growth rates also continued, but a booming stock market provided a temporary lift to headline GDP growth.
China Market Update
by Andy Rothman of Matthews Asia,
China’s equity markets have steadily declined for weeks, raising a torrent of questions and concerns. Given that China accounts for more global growth than the U.S., Europe and Japan combined, this week Andy Rothman, Investment Strategist at Matthews Asia, answers some of your most pressing questions.
China Market Update
by Andy Rothman of Matthews Asia,
China’s equity markets have been in steady decline for several weeks, raising a lot of questions about the potential impact on the world’s second-largest economy. Given that China accounts for more global growth than the U.S., Europe and Japan combined, this is an important topic for investors.
India's Structural Challenges
by Sudarshan Murthy of Matthews Asia,
India is in need of sweeping reforms in order to realize the full power of its entrepreneurial talent and to ensure social improvements for its poor and middle class. Despite some encouraging efforts, the Modi government may need significant time to carry out such reforms, as its many public institutions are still a far cry from being considered inclusive—meaning they lack such attributes as well-defined property ownership rights, flexible labor policies and all-encompassing political representation.
A Chinese Swap Meet
by Andy Rothman of Matthews Asia,
The new local bond swap program of China’s Communist Party is its latest effort to manage debt. It aims both to make the amount and structure of local government debt more transparent, and to reduce the financing burden of local government debt. Could this be considered a version of quantitative easing or a bailout? Could it lead to local government defaults?
Luxury Spending in China
by Winnie Chwang of Matthews Asia,
Over the past decade, conspicuous consumption has been seen across China and Hong Kong, emerging as a natural by-product of an economy experiencing rapidly rising levels of affluence. Across China, there have been stories of unbelievable extravagance, from diamond-studded smartphone cases to gold-plated sport cars and replicas of homes that resemble the White House. However, these days of excessive spending in China may already have waned. Asia Weekly explores.
Luxury Spending in China
by Winnie Chwang of Matthews Asia,
Over the past decade, conspicuous consumption has been seen across China and Hong Kong, emerging as a natural by-product of an economy experiencing rapidly rising levels of affluence. Across China, there have been stories of unbelievable extravagance, from diamond-studded smartphone cases to gold-plated sport cars and replicas of homes that resemble the White House. However, these days of excessive spending in China may already have waned. Asia Weekly explores.
Diagnosing China's Debt Disease
by Andy Rothman of Matthews Asia,
China suffers from a serious case of “debt disease,” but the treatment and side effects may not be as severe as some expect, and dramatic credit tightening is very unlikely. Debt is concentrated among state-owned firms, while the private firms that generate most of China’s new jobs and investment have already deleveraged. The biggest risk is the high level of debt among real estate developers.
Results 251–300
of 595 found.
