Stock prices have been a powerful support for the Make America Great Again agenda because the US market is so big as to be the tail wagging the dog. Close attention must be paid to the recent market stumble and America’s slowing GDP growth – where US stock prices go, so goes the global economy.
China finds itself in need of its latest landmark reform as the urban-rural divide keeps growing and the broader economy is seeking new sources of growth. One possible solution is finding better uses for rural land and giving farmers the same legal rights as urban residents to rent, transfer or mortgage their land.