1. As inevitably happens with all things trade in this White House a vigorous debate has erupted over the future of Korus, as the pact is known in Washington. Among the biggest opponents within the administration are the Trump security team, which thinks breaking commercial ties with an important ally in the middle of a geopolitical crisis is probably not a great idea. US business doesn’t like the idea either. Both are likely to mean at least some short-term delays in Washington carrying out any threats. But then again the politics are also volatile in Seoul. Might the new government there exercise its own right to pull out?
西西软件园 Some people remain attached to a theory that can be described as resource scarcity. At its heart this theory suggests that resource development follows a linear pattern in which low-cost resources are developed first, meaning that most if not all future development must be more costly. Unfortunately the history of the industry does not support this view. If anything the experience of the past few decades suggests that the opposite is true.
Forex reserves fell $87bn in November, near the record $94bn decline suffered in August — the same month that the central bank surprised global markets by allowing the renminbi to depreciate by 3 per cent in three days.