Yesterday, Thursday 12th April, I was the guest live from Beijing on Agorà program, RaiTre, conducted by Serena Bertone. The main topics discussed were: the formation of the new government, the agreement between the parties and their political programs.
Today, we talk about the internationalization of the Renminbi. This issue must be well understood because it is intrinsically linked to the trade war between China, the United States and the European Union, the latter not currently involved directly. Mu comment to an article written by Masciandaro on “Il Sole 24 Ore.”
“The recent escalation of tariffs between China and the United States highlights a fundamental question: the World Trade Organization has not been established nor does it have the tools to manage an economy like the Chinese one, which produces half of everything that is consumed in the world. ” My brief comment from “Il Foglio.”
The new tariffs imposed by China on the United States also concern Italy, especially the luxury sector, the manufacturing industry and the agri-food sector.
For this reason, it is important to know which products have been affected and to what extent. The article provides some useful information and data on the recent tariffs.
The Standing Committee of China’s National People’s Congress passed China’s first Environmental Protection Tax Law (EPT Law) on 25 December 2016. The EPT Law has replaced the existing pollutant discharge fee regime with charging pollution tax to regulate environmental pollution in China. Let’s see how it works.
Italian newspaper la Repubblica today reports about the growing interest of Italian government towards China. Presidents Mattarella will shortly visit China, and this follows quite frequent visit by undersecretary of development Mr. Scalfarotto.
Oggi commento, paragrafo dopo paragrafo, il discorso di Draghi tenuto in Slovenia.Il Predidente della BCE, ammette che, ad oggi, la zona Euro non soddisfa le condizioni per avere una moneta comune. Tuttavia lo potrebbe diventare se 1) nessuno stato commettesse errori di politica economica; 2) se si facessero riforme strutturali; 3) se ci fosse maggior rigore nei deficit e 4) se si arrivasse ad un unione finanziaria. La differenza tra chi sostiene l’Euro e chi no si risolve quindi nella fiducia o meno che tali quattro punti si realizzino in tempi brevi.
Italy will hold a referendum on constitutional reform in December 4th. Although Renzi has carried out a series of reforms since he took office, Italian people are very disappointed with the low economic growth in Italy. As OECD forecasted, Italy’s economy will grow by 0.8% this year, 0.9% and 1% in 2017 and 2018, respectively. “It seems that Italy can’t see any hope in its future. “While interviewed by 21st century business herald, Geraci said, “Currently Italian economy and social conditions are in the doldrums. Lot of young people who cannot find jobs left Italy, which worsen the aging problem for the country.”