China’s consumers are becoming increasingly a force the rest of the world has to take into account, writes Beida business professor Jeffrey Towson at his weblog. Not only have Chinese more disposable income, they not only go for cheap offers, and regularly disrupt the world.
Category Archives: trade
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.
Not being predictable has been US-president Donald Trump’s trademark on foreign policy. When it comes to China, economist Arthur Kroeber prefers to phrase it in another way. “US policy towards China in both security and economic terms remains confused and directionless,” he says in the South China Morning Post.
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.
Saudi Arabia’s King Salman bin Abdulaziz Al Saud met with Chinese President Xi Jinping seeking investments to move his country away from its oil addiction. But that might be in vain, says Beida business professor Jeffrey Towson, and former employee of Prince Alwaleed in the Kingdom of Saudi Arabia(KSA), on his weblog. He lists three reasons, and this is one.
Disney’s movie Beauty and the Beast has not been released in Malaysia for a overtly gay scene. In China it was not problem, triggering off much attention also from state-owned media. Other countries have already discovered the LGBT community as an attractive group of consumers, and Beida business professor Jeffrey Towson discusses at his weblog this emerging community in China.
Business analyst Shaun Rein told already in his bestseller The End of Cheap China, Revised and Updated: Economic and Cultural Trends That Will Disrupt the World, much of the cheap production was moving from China to other countries. Vietnam, Indonesia and Sri Lanka hope Donald Trump does not find out for the time being, Rein writes in IBT.
US-president Donald Trump is hitting world trade like an unguided missile and many investors wonder where to put their money now China seems next on his agenda, says Shanghai-based business analyst Shaun Rein in the South China Morning Post. “(Trump) likes to use chaos in order to negotiate.” Australia and Europe could be winning.