East vs West: The Great Decoupling That Will Shape Our Era

Deloitte GFSI Summit Special Event Enodo Economics Chief Economist Diana Choyleva took part in the Deloitte GFSI Summit 2022 on 17th of November in Lisbon. Description For over 20 years, hundreds of global financial leaders have gathered at the Deloitte GFSI Summit to examine and discuss critical issues impacting the financial services industry. The program for this year focused on building a better financial system. The summit explored topics including digital transformation, customer/client inclusion, ESG, regulation, and illicit finance. The program featured panel discussions, interviews and breakout sessions. The forum brings together the highest level of leadership from global financial services firms, in a private environment without the media. It also provides a place in which financial services leaders can speak to, hear from, and meet directly with their counterparts. Diana Choyleva’s Presentation Diana gave a presentation on the Great Decoupling – the East versus the West as the world bifurcates…

What Xi Jinping Wants and What This Means for World Markets

C.E.O. Global Leaders Forum Special Event Enodo Economics Chief Economist Diana Choyleva took part in the C.E.O. Global Leaders Forum 2022 on 17th of October in Washington. Description Xi Jinping has consolidated his position as the strongest leader communist China has had and is about to extend his rule indefinitely at the upcoming Party congress in mid-October. His vision for the future has taken China into uncharted waters and on a path of confrontation with America. How this great power completion, which Enodo Economics termed the Great Decoupling, unfolds will have profound implications for the global economy and markets for decades to come.

Capital Boosts Scientific and Technological Innovation

International Science, Technology and Innovation Forum (ISTIF) of BOAO Forum for Asia Special Event Enodo Economics Chief Economist, Diana Choyleva, took part in the Second Conference of ISTIF on 28th of September. As a major forum of the conference this year, the session “Capital Boosts Scientific and Technological Innovation” was successfully held online. Description The session was hosted by Yanqing Yang, Director of the Planning and Development Department of Shanghai Artificial Intelligence Laboratory and Visiting Professor at Fudan University. During the session, representatives from international organizations, government departments, research institutions, enterprises and academia expressed their views on the topic of “Promoting the deep integration of finance and science and technology innovation”. This session aims to contribute a “Boao solution” to promote effective financial services for science, technology and innovation (STI), and to support society with high-quality and sustainable development. You can watch Diana Choyleva’s speech HERE. Diana Choyleva’s speech ”Greetings to…

Global Impact of China’s Economy, Politics & Markets

Elara Ashwamedh Conference 2022 Special Event Enodo Economics Chief Economist Diana Choyleva took part in the Elara Ashwamedh Conference 2022 on 5th of September in Mumbai. Description As India marches forward, it has reached a decisive stage in its journey toward prosperity amidst a post-pandemic world be sieged by the Russia-Ukraine War and the ever present China bogey. It is a journey froth with supply chain issues, high inflation, tightening of financial conditions and commodity price hikes. Even in the face of these challenges, tectonic shifts are reshaping India’s economy. Formalization of labour & payments, mushrooming of IT services in Tier-II towns, digitalization, creation of manufacturing capabilities in new-age sectors, inclusive growth, equitable access to services and declining poverty are gradually changing the nation’s socioeconomic fabric and adding resilience.Focus on reforms and structural initiatives, such as production linked incentive schemes and import substitutionmechanisms, defence and new energy capability via the…

China’s Quest for Financial Self-Reliance

How Beijing Plans to Decouple from the Dollar-Based Global Trading and Financial System Special Project Beijing is challenging the privileged status of the Almighty Dollar, as it tries to carve out its own sphere of influence free of Uncle Sam. In this new and comprehensive report, Enodo’s Diana Choyleva and Dinny McMahon explore China’s plans to reconfigure the global financial order, analyzing whether it can decouple from the dollar and create a parallel system based on the yuan. Clear and indispensable, the report lays out China’s strategy, assesses its chances of success, and proposes steps US policymakers should take to safeguard America’s financial system. The report is the result of a year-long project, which we enjoyed tremendously. The authors thank the Woodrow Wilson Center for International Scholars and its Kissinger Institute on China and the United States, led by Robert Daly, for providing us with the best home for this…

China and the Art of Peace

How The Light Gets In Festival 2022 Special Event Enodo Economics director of geopolitical and intelligence analysis Nigel Inkster took part in ‘How The Light Gets In’ Festival Description The rise of China has for decades been watched from the West with mistrust. With Xi Jinping making belligerent moves from the South China Sea to the Indian border, tensions have been mounting. Then in February, China and Russia announced a new global order and endorsed respective territorial ambitions in Taiwan and Ukraine. Days later Russia invaded. With Xi declaring to ‘reunite China’ by any means necessary, the threat is overt. The ancient Chinese philosopher Sun Tzu declared ‘in peace prepare for war’. Should this be Western strategy? Should the West go further and extend sanctions to China? And how should the West respond if China either directly aids Russia in Ukraine or embarks on its own military adventure? Or are…

Investing in the Era of the Great Decoupling

CFA Society Ireland seminar “Navigating the Macro Storm’’ Special Event Enodo Economics Chief Economist Diana Choyleva took part in the CFA Society Ireland seminar “Navigating the Macro Storm’’ on 25th of May in Dublin. Description China and the US don’t share a value system, and both want a global order centred on their values. They are decoupling and working to ensure self-sufficiency within their own spheres of influence. The Great Decoupling, as we call this all-encompassing great power competition between China and the US, presents many opportunities across asset classes, for both long-only and absolute return investors.

What To Own in a Low-yield World

Financial Investigator Seminar Special Event Enodo Economics Chief Economist Diana Choyleva took part in Financial Investigator Interactive Seminar: What To Own in a Low-yield World. Escalating Disruption, what’s the Macro Economic Outlook for 2022 and beyond? What’s the impact of China on the rest of the world? What to own, and not to own, in a low-yield world? What (alternative) fixed income sub asset classes are the most attractive? Highlights from Diana Choyleva’s participation in the seminar

China’s Quest for Financial Self-Reliance: Project announcement 

How Beijing Plans to Decouple from the Dollar-Based Global Trading and Financial System Special Project Enodo Economics and the Wilson Center have joined forces working on a year-long project to explore how China plans to challenge the dollar-led global financial order, whether its strategy can feasibly allow its decoupling from the dollar and assess its chances of creating a parallel system based on the yuan. The team is led by Diana Choyleva and Dinny McMahon and overseen by our Senior Advisory Board. We will produce an in-depth report in August 2022, intended to inform US policymakers on the impact this is likely to have on the US and suggest possible responses to safeguard America’s financial system, in line with its expressed national security goals. We start by developing a detailed understanding of China’s current efforts to promote the international use of the yuan, getting beyond the headlines to understand the…

The Great Decoupling: China, America and the Struggle for Technological Supremacy

Will China’s drive to achieve global technological dominance unravel the world order? Book Get a copy of the revised edition (May 2023) of The Great Decoupling by Nigel Inkster here. For much of recorded history, China was a leading science and technology power. But just as the West rose, China turned in on itself and missed the Industrial Revolution. The result was the ‘Hundred Years of Humiliation’, and a long struggle for a modern, yet distinctly Chinese, civilisational identity. Today, technological innovation has returned to the core of national pride and ambition. Since the 1980s, reforms have transformed China into the world’s second largest economy and a major global power. Cyber space and other advanced technologies have become a battleground for international dominance; but today’s world relies on global supply chains and interstate collaboration – at least for now. Growing tension between the USA and China could result in the…

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