The National Defense Authorization Act (NDAA) for 2027 is coming into focus after the House and Senate armed services committees advanced their versions of the bill earlier this month.
Minimum wages in China’s major cities rose in 2016, signaling the continued development of an emerging consumer class as much as increasing pressure on company labor costs. But the increases also point to an increasing divide, as wage growth stagnates in the majority of China’s provinces.
Artificial Intelligence, Risks, and Regulation in the Financial Market
Today, trade with China supports roughly 2.6 million US jobs
Ruchir Sharma, the head of emerging markets and chief global strategist at Morgan Stanley, explains why he’s worried that China’s debt crisis will be a major global concern in 2017. Sharma delivered his predictions for the coming year at an experts’ forecast hosted by Asia Society. (2 min., 14 sec.)
