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President Moon Jae-In’s bold vision paves the way for peace in Koreas
Weekly investor research
12 March 2018
South Korean President Moon Jae-In deserves credit for the thaw in relations with North Korea. China has also been working
towards the détente behind the scenes, while US President Donald Trump deserves credit for getting out of the way of a potential
deal. The road ahead in the two Koreas is long and fraught with potential setbacks. In China, PBOC Governor Zhou Xiaochuan has
indicated that big changes are afoot in China’s regulatory arrangements. This should be good news for investors in the Chinese
onshore fixed income market. Maria Elsa Viteri takes over the job as Finance Minister in Ecuador. Ecuador defaulted on its debt
the last time Viteri was Finance Minister. Are appearances deceptive in Ecuador? The global backdrop improved last week on the
back of goldilocks style labour market data even as Trump got down to business on protectionism and the European Central Bank
changed its forward guidance on asset purchases.