Reuters (November 26)
China’s 10-year “Made in China 2025” masterplan ruffled global feathers upon introduction nearly a decade ago. The plan “laid out sweeping goals across aviation, robotics and other sectors aimed at transforming the world’s second largest economy into a ‘manufacturing superpower.’” This November, a U.S. government report “found that … the country has ‘met or exceeded many of the very ambitious global market share, local sourcing and technological development targets.’” China’s next plan is also likely to create international backlash. “All eyes are on China’s next economic blueprint. Indeed, a Made in China 2035 plan is probably already underway,” but being kept “under wraps.”
Tags: “Made in China 2025”, Ambitious, Aviation, Backlash, Economy, Global market share, Goals, Local sourcing, Manufacturing superpower, Masterplan, Robotic, Technological development, Transforming, U.S.
Institutional Investor (August 2)
“Asset owners, like endowments and pension funds, are gearing up to publish their annual returns for the fiscal year.” Though CIOs insist “that 10- and 20-year returns matter more… than one-year numbers, the annual horse race has begun.” These comparisons appear inevitable, but industry experts call them “flawed” because they overlook “clear differences in performance reporting standards” and “also fail to consider each institution’s particular tolerance for risk, goals, and individual needs.”
Tags: 20-year returns, Annual returns, Asset owners, CIOs, Endowments, Experts, Fiscal year, Flawed, Goals, Individual needs, One-year, Pension funds, Performance, Reporting standards, Risk
The Week (March 1)
Trump’s first address to a joint session of Congress “was reasonably competent, at least by Trump standards. He didn’t sound obviously deranged, and he managed to adopt a somewhat dignified affect.” But his address was light on substance. He “neither gave a convincing account of how he might achieve any of his signature goals, nor did anything but paper over any of the ideological chasms in his party. Trump represents a party and a nation still totally confused about how to manage its affairs.”
Washington Post (April 17)
“Unlike the planners of D-Day or Operation Iraqi Freedom, the Russians organizing the invasion of Ukraine don’t need an immediate victory. They have flexible goals, and they are prepared to adjust their strategy depending on how much resistance they encounter.” In the short term, they are entirely flexible. “In the long term, Russia clearly hopes to annex eastern and southern Ukraine.”
Tags: Annex, D-Day, Flexible, Freedom, Goals, Invasion, Iraqi, Resistance, Russia, Strategy, Ukraine, Victory
Financial Times (May 7, 2013)
“Pollution in China is now so bad that it threatens to obscure the vision being laid out by Xi Jinping, the new president…. The leadership needs to rethink its national goals. After all, what is the point of rapid economic growth if it creates cities in which it is dangerous to breathe?”
Tags: Air quality, China, Cities, Economic growth, Goals, Pollution, Xi Jinping
