In a piece published in the October 31, 2011 edition of La Presse, Yvan Loubier, Senior Consultant and Economist from NATIONAL’s Quebec City office, explains that the serious economic, financial, social and political challenges facing Europe and the United States could work against an agreement between the G20 countries at the Cannes summit held on November 3 and 4.
In this global context, it will be interesting to see how China will behave during the two-day G20 summit in Cannes. China is already the United States’ biggest creditor and it will likely become Europe’s sooner rather than later. And while the country needs the West to pursue its growth, the West is undeniably dependent on Chinese capitals and markets. Could a new global leadership be just around the corner? (The article, to download below, is in French.)