The weakness likely resulted from the impact of the massive surge in the virus. Although the number of new infections began to abate toward the end of December, public health officials worry that the increase in holiday travel in late December will result in yet another surge in infections in early January.
The pandemic and Brexit seem to have sharpened the government’s appetite for reform. The challenges are formidable—recovering activity lost in the pandemic, rebooting productivity, spreading prosperity across the United Kingdom, and delivering a vast energy transition. Many major business groups and leaders of major companies have criticized the riot and Trump, with many considering withholding funds for members that supported the objections to count electors.
The Chinese government has engaged in a series of reforms meant to open its financial markets to foreign involvement. The larger goal is to boost the sophistication of China’s financial markets by allowing world-class players to participate and, in the process, transfer knowledge to Chinese counterparts. Reform has entailed greater foreign access to ownership of Chinese equities and bonds and greater ability of foreign companies to have majority ownership of local financial businesses. In fact, the value of Chinese equities owned by foreigners increased eight-fold from 2014 until the end of 2020.
His ability to obtain anything from Congress will depend on the outcome of the runoff elections in Georgia schedule for January 5. Personal income and consumer spending both declined in November and some measures of housing activity weakened after many months of stellar performance.
Since of this writing, shot distribution is far right behind initial plans. Once May well Biden becomes president, he could be expected to ask The legislature for more funding, especially to be able to implement a much better level of testing as well as to boost distribution of the vaccine. He also wants more money for households and extra money for distressed state and local governments.
Foreign ownership of Chinese government bonds has increased as well, reaching 9% of the total by 2020. And, although foreign participation in China’s corporate bond market is very small, it is expected to increase rapidly in the years to come. The EU has to make important decisions on data adequacy and financial equivalence that will have significant effects for the United Kingdom. Under the deal the United Kingdom will need to establish a new regime for monitoring subsidies and environmental enforcement. Both sides have the right to challenge the other on state aid and other “level playing field” issues. Fishing will be back in the headlines in 2026 when the first annual UK-EU talks on quotas take place. Meanwhile May’s elections to the Scottish Parliament would have been a test of the SNP’s dual commitment to an independence referendum and rejoining the EU.