China must walk a narrow line at a time when its outgoing leadership is reluctant to take any far-sighted decisions.
President Xi Jinping is also a well-known football fan, who has repeatedly voiced his support for the sport's development in China.
Stripping out price, volumes of Chinese imports in October fell a more modest 2.6 per cent from a year earlier, according to estimates from Oxford Economics.
Mr Koepke warns that this could easily be upset by the Fed.
Meanwhile, a salesman from online travel company Tuniu Corp told the Financial Times that it had on Friday “removed all tours to South Korea due to the Thaad issue”. A search for South Korean tours on the website returns the message: “Sorry, we have not found a relevant product.”
3The United Kingdom
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5. Geopolitical flashpoints.In the not too distant past, a small supply disruption would send oil prices skyward. In early 2014, for example, violence in Libya blocked oil exports, contributing to a rise in oil prices. In Iraq, ISIS overran parts of the country and oil prices shot up on fears of supply outages. But since then, geopolitical flashpoints have had much less of an effect on the price of crude. During the last few weeks of 2014, violence flared up again in Libya. But after a brief increase in prices, the markets shrugged off the event. Nevertheless, history has demonstrated time and again that geopolitical crises are some of the most powerful short-term movers of oil prices.
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The University of St Gallen remains top overall, the seventh consecutive year that the Swiss school’s MA in Strategy and International Management has headed the ranking. HEC Paris stays in second place, a position it has held since 2014, while Spain’s IE Business School jumps four places to third.