China has lifted hundreds of millions out of poverty and president Xi Jinping vowed to give the last millions of poor also a better life. Economics professor Sara Hsu of the State University of New York explains in CCTV what the country’s receipt for poverty relief has been.
Category Archives: agriculture
As China’s autumn meeting on decisions for the next five year looms, private capital has clearly brought to heel and is deployed to support the state economy, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post. “State enterprises are guaranteed a “dominant” role in the economy,” Kroeber said
Self-sufficiency in food has long been the mantra of China. But that is changing, as the country even imports rice from the US. Aging farmers, pollution and other challenges makes this change necessary, tells assistant professor Sara Shu, as the domestic production cannot be guaranteed.
The surprise trade deal between China and the US on beef and financial services is lacking real substance, tells economist Arthur Kroeber and author of China’s Economy: What Everyone Needs to Know® at USagnet.
One of the major global initiatives by China was the One-Belt, One-Road (OBOR),reviving the old silk roads. And while it is an open platform, major trade partners of China are currently not part of the initiative, including Australia, the UK and the US. Major disputes, like the Ausgrid, Brexit and Hickley cases, might only add to the worries countries should have when looking at their relation with China, without being part of OBOR.
China´s consumers have changed dramatically over the past decade, retail analyst Ben Cavender told a conference on fruit, for example only looking at first-tier cities is a wrong habit from the past, reports the Fruitnet. And the hypermarkets are dead.
The origin of food is key for Chinese consumers, since brands can be made everywhere, including China, says retail analyst James Roy in FreshPlaza. “Brands are almost no longer important to the Chinese consumer when it comes to food, as long as the product’s origin is foreign.”
Alibaba has this Chinese New Year started to conquer the rural markets, one of the few in China where the majority is not yet online, says retail analyst James Roy in Channel News Asia. One of the key products is imported food, as many Chinese mistrust locally made food.
China still has amazing growth figures, but not everybody is going to win the structural change the country is going through. Financial analyst Sara Hsu gives in the Diplomat an overview of the industries who relied on China´s double-digit growth an that will likely be hurt: commodities, real estate, import of goods and services.