Political Analyst, Heteronomics

Alastair Newton

Alastair was Senior Political Analyst at Nomura International plc between October 2008 and July 2015,
having first joined Lehman Brothers International in that capacity in August 2005. As such, he was responsible for identifying, tracking, analysing and illuminating to investors political events worldwide likely to impact on financial markets. In addition to his signature periodical Issues Which Keep Me Awake At Night on political and geopolitical risk, he was the co-author of major studies on China, India, Indonesia, North Korea, Iran/Israel and on geopolitical risks related to the shift of the global economic centre of gravity back towards Asia, as well as numerous shorter papers.

Political Analyst

China Economics: Solid Growth but Structural Drags Remain Unresolved

Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

Macroeconomics

<ul><li>China prioritises scientific and technological self‑reliance as the driver of high‑quality development, while balancing innovation with the CCP’s absolute grip on power.</li><li>The 15th Five‑Year Plan reinforces continuity with past priorities, focusing on the usual strategic sectors rather than positioning AI as the sole “race” with the US.</li><li>Beijing’s growing economic leverage over major export markets and the fragmentation of Western alliances are seen as reducing the risk of coordinated sanctions.</li></ul><p></p>

China prioritises scientific and technological self‑reliance as the driver of high‑quality development, while balancing innovation with the CCP’s absolute grip on power.The 15th Five‑Year Plan reinforces continuity with past priorities, focusing on the usual strategic sectors rather than positioning AI as the sole “race” with the US.Beijing’s growing economic leverage over major export markets and the fragmentation of Western alliances are seen as reducing the risk of coordinated sanctions.

Beijing And Questions Of Balance