Something I often hear when talking to clients and members of my staff is the growing interest in information for Africa.

27 August - 02 September 2016

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From the CEO OF EMIS

This weekend, world leaders met in Hangzhou for the latest G20 summit. It was the first time that the meeting had been held in China and offered the host government an opportunity to present itself as a central player and thought leader in global economic affairs.
The choice of Hangzhou as a venue was in itself instructive of China’s desire to be seen as a modern, forward-thinking nation in contrast to its sluggish western counterparts.

The city is home to Alibaba, the e-commerce giant, and several other successful high—tech companies. In the lead up to the summit, the government took steps to ensure that pollution levels were reduced in Hangzhou through the closing down of factories and forced reduction in traffic levels. This is a trick that China has pulled off before, notably at the Beijing Olympics.

Leaving aside the government’s rather transparent attempts to present China’s “shiny” side, what can’t be disputed is that the country does have an opportunity to play a pivotal role in setting the global economic agenda. Traditional powerhouses in the west are beset by slow growth and the inconvenience of having to adjust policy to suit increasingly disillusioned and fearful electorates. China is the foremost power in the world’s most successful region in terms of economic growth. Other countries in Asia like India and the Philippines are growing at striking rates and, in spite of concerns about China’s so-called slowdown, the country is still expected to account for just under 40% of total global growth this year.

China has promised to offer solutions to aid the global economy through the G20 summit by pushing initiatives like “green finance” and resistance to trade protectionism to the top of the agenda. All of this may sound somewhat ironic given how China’s rise to economic power has been achieved but should still be welcomed as signs of the country’s determination to be a responsible global economic leader. Past G20 summits have tended to generate more talk than action. China has a chance to be different.



Guy Dunn
Chief Executive Officer.


P.S. Below are some articles related to the G20 summit from the EMIS platform in the past week.

CHINA: THE G20 CHAIR AND THE GLOBALISATION´S OUTLOOK

China as the G20 Summit host this year seeks to create new sources of growth for the global economy, ward off growing protectionism in key economies, and upgrade the G20 itself as a platform for global governance.

Read more  

G20: STAKES ARE HIGH FOR CHINA AND FOR THE GLOBAL ECONOMY

The stakes are high for host China, but equally high for the global economy. China has made clear that the G20 summit opening on Sunday in Hangzhou will be different, with more developing countries than ever before invited to join the world's major economies.

Read more  

FREE TRADE NEEDS DEFENCE IN G20

Wedged in between the Brexit vote and the U.S. presidential election, leaders of the world's major economies meet this weekend in China needing to mount a realistic defence of the free trade and globalisation they have long championed.

Read more  



Infographic of the week


Brazil is the world’s leader in renewable energy power generation. Notably, at the end of 2015, renewable energy sources accounted for 70.4% of the installed capacity and for 75.9% of the power generation in the country. Although hydropower is undoubtedly the dominant element in the electric energy mix, with more than 71% of total power generation in 2015, wind power has been the fastest growing energy source over the last years.

Click to view it full screen

Weekly News summary

Below are the most read articles in the past week on EMIS Perspectives, our daily blog of emerging market news and insights.

SINGAPORE CONFIRMS LOCALLY TRANSMIT-TED ZIKA CASES

Even as Singapore strives to contain the spread of infection by introducing additional mosquito control efforts and health screening, the government still expects to identify more positive cases.




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THAILAND, BHUTAN TO STRENGTHEN TOURISM, TRADE CO-OPERATION

At a recent joint trade commission meeting between the two countries, Thailand and Bhutan have agreed to work closely together, particularly in the tourism sector.


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UKRAINE TO PICK SOUTH KOREAN KHNP TO FINISH NUCLEAR PLANT CONSTRUCTION

Ukraine’s state-owned nuclear power company Energoatom plans to appoint South Korean nuclear plant operator Korea Hydro & Nuclear Power (KHNP) to finish construction of two blocks at the Khmelnytsky nuclear power plan.


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UK PERMIRA TO POUR R$500M IN BRAZILIAN SOFTWARE COMPANY MUTANT

UK-based private equity company Permira is to pour R$500m in Brazilian software company Mutant, Valor Economico International reported.




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COLOMBIAN GOVT SEES 2016 GDP SLOWING DOWN TO 2.5%

The Colombian government expects that the real gross domestic product (GDP) growth will slow down to 2.5% this year, following a 3.1% expansion last year.




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PETROBRAS IN TALKS TO GET MORE FUNDING FROM CHINA – SOURCES

Brazilian debt-ridden state-owned oil company Petrobras is in talks to get more funding from Chinese financial institutions, Valor Economico International reported.



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IRISH RYANAIR TO OPEN IT CENTRE, AIRDOCK IN POLAND

Ireland's low-cost airline Ryanair has announced plans to set up in Poland an IT centre, Travel Labs Polska, which will create 120 jobs.



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RUSSIA AIMS TO BOOST GRAIN HARVEST TO 130MN TONNES BY 2030

Russia, the world’s top wheat exporter, aims to boost its grain harvest to 130 million tonnes by 2030, newswire Prime reported.



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UNEMPLOYMENT IN POLAND IS LOWER THAN IN EU

According to Eurostat, the harmonised unemployment rate in Poland is 6.2%, far below the average in the European Union.


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EGYPT INTRODUCES VALUE-ADDED TAX

The Egyptian Parliament on Monday approved a low, which inaugurates a value-added tax (VAT) seen as the start of a government's plan to reform the economy and reduce its budget deficit.



Read more…

UGANDA TO INAUGURATE FIRST SOLAR PLANT

The construction of the first solar power plant in Uganda has been completed and it will be inaugurated later this month, The Daily Monitor Uganda reported.




Read more…

JAPAN EYES $30BN INVESTMENTS IN AFRICA OVER THREE YEARS – PM

Japanese public and private sectors will mobilize $30 billion for investments in Africa in the next three years in infrastructure building in the resource-rich continent.




Read more…

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