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From the Pacific Exchange Blog

China’s New Normal Is in the Making

Posted July 27, 2015

“China’s economy has entered a state of new normal – the gear of growth is shifting from high speed to medium-to-high speed,” said Chinese Premier Li Keqiang at the World Economic Forum in Davos earlier this year. Indeed, after two decades of double-digit growth, the Chinese economy is shifting into a lower gear. According to official statistics released earlier this month, the economy expanded at 7 percent in real terms in the second quarter of 2015.

Firing the Fourth Arrow: The Private Sector and the Future of Japan

Posted July 23, 2015

On June 15, 2015, the Federal Reserve Bank of San Francisco hosted an Asia Financial Forum entitled Firing the Fourth Arrow: The Private Sector and the Future of Japan. The event featured a panel of Japan experts, including Michael Chui, Partner, McKinsey Global Institute, Tasuku Kuwabara, Principal, McKinsey & Company, and moderator Sean Creehan, Japan Analyst in the Country Analysis Unit at the Federal Reserve Bank of San Francisco.

Asian Banks Go Global

Posted July 17, 2015

One of the most striking trends following the global financial crisis has been the slowdown and retrenchment of cross-border lending. Due to financial distress, many large global banks, particularly those from Europe, had to reduce their international exposure and pull back funding to their home markets.

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Burma – Paving the Road to a Modern Banking System

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This Asia Focus report provides a historical background of Burmese banking crises, analyzes recent and upcoming regulatory reforms, and evaluates hurdles to the development of a modern banking system.

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