The trade dispute between the US and China is moving from commodities to tech, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post. Getting a deal will be tough, says Kroeber: “The problem from China’s perspective is: can you trust the US to stick to any deal you cut with them?”
Category Archives: Huawei
For a long time, working around the clock – from 9 to 9, six days a week known as the 996-rule – was common in China’s startup working culture. But those times are changing, says SOSV managing director William Bao Bean, a leading voice in China’s startup scene to the BBC. “China has moved from a society that was told what to do, to one that is doing what it wants to, and that’s also a millennial thing,” he says.
Zhang Ying, professor of Entrepreneurship and Innovation at RSM Erasmus University and founder and head of Erasmus-Huawei Collaboration Program, has started as head of the Erasmus China Business Centre on May 1.
ZTE got itself into trouble by violating a ban on using American components for products it exported to Iran and North-Korea. The punishment – no US components for ZTE for seven years – might kill the Chinese company, who cannot work without them. What did the auditors do, wonders Beida auditing professor Paul Gillis on his weblog.
The US is moving from a trade war on commodities towards tech firms like ZTE and Huawei, trying to get a foothold with for example 5G into the US, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® in the Nikkei Asian Review. “I think there probably is a desire to try and do what can be done to retard the progress of the Chinese firms in that.”
From a cash country, where transactions were done by moving plastic bags with money between bank branches, China has turned into a leading force in fintech or financiel technology. Mobile payment are standard. Bitcoins and blockchain technology found in China early adopters. Social media have – more than anywhere in the world – adopted payment systems to facilitate online trade.
The US bans Huawei and solar panels. China ‘investigates’ sorghum. Is a trade war developing between China and the US? Not so fast, says political analyst Kaiser Kuo, and former communication director for Baidu, at Wired. What we see according to him is just business as usual.
Digital transformation is key in the planning of companies, governments and individuals, as the world is changing beyond recognition. But for the world outside China it often remains unclear how the most innovative country is going to influence their digital future.
Speakers at the China Speakers Bureau can help you to make sense out of this often disruptive change of the world. Here we bring together a group of leading experts on China and how its digital transformation is going to change the world outside China too.
Chinese brands like Huawei and Xiaomi have not only legal problems to enter the lucrative US market, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order. It would also help if potential buyers would be able to pronounce the name of the product they are expected to purchase, he tells the South China Morning Post.
China’s companies are going global in a fast speed. A few decades ago China was only a few percent of the global economy, but those days are far behind us. What happens in China, now has global impact, and what Chinese companies do, cannot be ignored.