Harvard Law School, Program on International Financial Systems Special Event Enodo Economics’ Chief Economist, Diana Choyleva, participated in the panel ”Reserve Currencies: Trends, Risks, and Outlook” at the 2025 China – US Symposium in Washington D.C., on 26th of September 2025. Description Participants discussed the current status and future prospects for the U.S. dollar andother currencies as international reserve currencies. They noted that the U.S. dollar remaineddominant in international reserves and payment, but some argued that its dominance was slowlyeroding. Participants considered economic and political forces that could weaken the role of thedollar, including fiscal and monetary policy, rule of law, and geopolitics. There was also somediscussion of how the rise of stablecoins and tokenization in the financial system might affect therole of various currencies, with many arguing that widespread use of stablecoins in particularwould likely strengthen the global role of the U.S. dollar. Diana Choyleva speaking at the panel ”Reserve…

• • Facebook
  • Twitter

Roundtable Summary Report Enodo Economics, in collaboration with the Asia Society Policy Institute’s Center for China Analysis hosted a private roundtable discussion examining how consumer demand will reshape China’s economic future. The session brought together leading China analysts to discuss Beijing’s consumption-led growth ambitions.You can download the report HERE. China is the world’s second-largest economy, and its economic trajectory has profound implications for global growth and stability. Yet with returns on debt-driven, state-led investment having slumped over the last decade and consumer confidence remaining anemic, the country risks entering a long-term deflationary spiral. Despite repeated pledges to pivot toward consumption as the primary driver of growth since the mid-2000s, Beijing has continued to fall back on supply-side measures, and consumer spending as a share of GDP remains low by developed country standards. Beijing’s consumption pivot faces formidable headwinds. Most economists argue that the challenges run deeper than policy tweaks can fix and require…

• • Facebook
  • Twitter

World Economic Forum, Annual Meeting of the New Champions Special Event Enodo Economics’ Chief Economist, Diana Choyleva, participated at the panel ”Geopolitics and Currencies in Flux” at the World Economic Forum in Tianjin on 25th of June 2025. Diana Choyleva speaking at the panel ”Currencies in Flux” at the World Economic Forum, June 2025. Description Amid financial sector uncertainty, non-US dollar currencies from the renminbi to the euro are representing a growing share of sovereign reserves and being used increasingly in trade invoicing. How could shifting market dynamics change the international currency landscape and what would these changes mean for the broader financial system? Speakers Diana Choyleva, Founder and Chief Economist at Enodo Economics Jeffry A. Frieden, Professor of International and Public Affairs and Political Science, Columbia University Jin Keyu, Professor, School of Business and Management, Hong Kong University of Science and Technology (HKUST) Eswar Prasad, Professor, Cornell University Robin…

• • Facebook
  • Twitter

Roundtable Summary Report Enodo Economics and the Asia Society Policy Institute’s Center for China Analysis co-organized and co-chaired a closed-door roundtable on China’s deepening financial integration with Hong Kong and its impact on global markets. The event convened senior policymakers and financial practitioners with expertise in Hong Kong’s financial system. You can download the report HERE. Hong Kong has been China’s primary gateway to global markets, especially as a channel for inbound foreign capital. But the territory’s role is gradually shifting. Hong Kong is increasingly emerging as a controlled outlet for Chinese households to invest their vast pool of savings in foreign assets through carefully calibrated liberalization mechanisms. Hong Kong’s transformation comes as Beijing seeks to balance two competing imperatives: projecting financial power globally while preserving its strict controls over capital outflows. At the same time, Hong Kong’s evolution is unfolding against a backdrop of profound political change. The roundtable…

• • Facebook
  • Twitter

Astorg Special Event Enodo Economics’ Chief Economist, Diana Choyleva, took part in the Astorg Annual General Meeting at Fondation Louis Vuitton, in Paris, on 20th of May 2025. The conference was themed around cinema, and Diana presented her views on US – China decoupling, framing it as an epic drama and highlighting the great power competition between Xi Jinping and Donald Trump. She traced the historical context – from America’s post-World War II dominance and the post-Cold War “unipolar moment” to China’s rise following its “century of humiliation” and the 2008 financial crisis, which exposed systemic vulnerabilities in both nations. Diana Choyleva presenting at the AGM of Astorg, May 2025. Diana discussed “The Great Decoupling,” the bifurcation of the global economy into US and China-led spheres of influence. She emphasised that the contest now plays out on three key fronts: trade, Taiwan, and most critically, technology. Technology, permeating every aspect…

• • Facebook
  • Twitter

Milken Global Conference 2025 Special Event Enodo Economics’ Chief Economist, Diana Choyleva, participated in several key sessions at the Milken Global Conference, held from 4–7 May 2025 in Beverly Hills. Description Balancing Strategic Competitiveness and Shared Prosperity Public Session You can watch the whole session HERE. Behind the headline-grabbing tariffs in recent months lies the reality that global trade patterns have been under pressure for many years. The disruption from the COVID-19 Pandemic, Russia’s invasion of Ukraine, China-US geopolitical tensions, and emerging economies in the global south have all contributed to alterations in existing trade patterns. In parallel, intensification of automation and AI-driven manufacturing, as well as the disconnecting effects of shifting supply chains, have complicated the political-economic environment in which businesses, investors, and households evaluate decisions. Policymakers, particularly those responsive to discontent electorates, have struggled to adapt to the ongoing rebalance of trade patterns. The recent U.S. tariff announcements, a maximalist response…

• • Facebook
  • Twitter

Boao Forum for Asia 2025 Special Event Enodo Economics’ Chief Economist, Diana Choyleva, moderated the panel ”Promoting Energy Transition in Asia” at the Boao Forum for Asia on 27th March 2025. Description The Boao Forum for Asia 2025 brought together influential leaders in government, business, and finance to address one of the most pressing global challenges – Asia’s green energy transition. Held under the theme, “Asia in the Changing World: Towards a Shared Future,” this high-level roundtable focused on how Asia’s diverse economies can collaborate to accelerate the green transition through technology integration, policy alignment, and innovation. With Asia playing a critical role in the global energy landscape, the session underscored how the region can scale solutions, mobilise investments, and overcome existing barriers to drive sustainable energy transformation. Diana Choyleva moderating the panel “Promoting Energy Transition in Asia” at the Boao Forum for Asia, March 2025. Panellists: Zhou Xiaochuan, Former…

• • Facebook
  • Twitter

China Construction Bank London Special Event Enodo Economics’ Chief Economist, Diana Choyleva, took part in China Construction Bank’s (CCB) ‘’Spring RMB Afternoon Tea’’ on 26th of February 2025. During the event, Diana shared her insights on the RMB outlook, US-China relations, and what it all means for fixed income strategies. The presentation was followed by a networking session. Engaging in discussions like these reflects Enodo Economics’ trusted position in global conversations, where our insights help shape the thinking of key decision-makers across markets.

• • Facebook
  • Twitter

China, the Gulf, and the 21st Century Path to De-Dollarization Special Project The international monetary system stands at a pivotal moment of transformation. For nearly half a century, the Petrodollar system has been a cornerstone of US economic power, ensuring oil – the world’s most traded commodity – is priced and paid for in dollars. Now, this system faces unprecedented challenges from technological innovation, shifting trade patterns, and China’s strategic push to reduce dollar dependency. In this new and comprehensive report, Enodo Economics’ Diana Choyleva examines how three interconnected forces are reshaping global finance. First, China’s emergence as the world’s largest oil importer has created natural pressure for alternative payment arrangements. Beijing’s development of the digital yuan and cross-border payment platforms like mBridge reflects both its growing economic influence and its strategic imperative to reduce vulnerability to dollar-based financial sanctions. Second, Saudi Arabia and other Gulf states are pursuing ambitious…

• • Facebook
  • Twitter

Logimotion Dubai 2024 Special Event Enodo Economics is thrilled to announce that we are supporting partners of Logimotion Dubai 2024! Our Chief Economist, Diana Choyleva, will deliver a compelling session titled, “Tectonics of Trade: How Geopolitics and Tech are Rewiring Global Commerce, Logistics and Dubai’s Future.” This session will highlight: • The impact of the Great Decoupling on global commerce • Disrupted supply chains and their role in reshaping logistics • How Dubai can seize opportunities amidst these tectonic shifts 📅 Event Date: 10-11 Dec 2024 📍 Location: Dubai World Trade Centre You can register to attend by clicking the button below.

• • Facebook
  • Twitter