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.
Category Archives: finance
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.
Medical reform in China has been lagging, and private hospitals hardly play a role, because patients to not trust them, and medical staff does not want to leave state-funded career. Beida business professor Jeffrey Towson explains on his weblog what could be a road to reform, with the help of investment bankers.
The surprise announcement Alibaba’s Ant Financial is trying to buy MoneyGram International is not a done deal, warns Beida business professor Jeffrey Towson. Chinese companies buying American ones are under scrutiny and in the financial industry it would be a first one, he tells the VOA.
The scandal that rocked the once-famous private Minsheng bank has put the question of the role of the government towards the banking system. Bailing out banks create more problems than it solves, says financial analyst Victor Shih to the New York Times.
Financial analyst Sara Hsu looks at the new chairman of the China Banking Regulatory Commission (CBRC), Guo Shuqing, and the man he replaces, Shang Fulin. What has Shang done to deal with this murky financial sector, and can Guo do better, she wonders in Asia Times.
Kweichow Moutai, China’s favorite booze, passed on Friday with US$71.5 billion Johnny Walker owner Diageo as the world’s most valuable drink despite its dependency on the China market. They have made all the right moves, tells business analyst Shaun Rein to CNN, despite president Xi Jinping’s anti-corruption drive.
Beida business professor Jeffrey Towson has released this week the 2017 edition of his three-year old bestseller The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories he wrote together with Jonathan Woetzel. On his weblog, he explains the reason for the new edition in a fast-changing China.
US companies profit already a lot from the trade relations with China, says China veteran Tom Manning to CNBC and the country is already liberalizing its economy. Those will be the two arguments China’s Xi Jinping will bring into the meeting between presidents Donald Trump and Xi Jinping, Manning says. This meeting will be only a start of a relationship at best.