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.
Category Archives: Huawei
New tariffs are not the main worry, as new shots are fired in the trade war between China and the US, says economist Arthur Kroeber according to Barron’s. Next is the upcoming disengagement between both economies and the question of what domains will be involved.
China is trying to find a way out of the irrational Trump policies, as the G20 convenes in Japan. Key is that China cannot afford to lose support from the international business community and the global economy, says economist Arthur Kroeber to the New York Times.
By blacklisting Huawei, the US started a new phase in the trade war, and China’s intention to blacklist US companies in retaliation does not really come as a surprise, says former US negotiator Harry Broadman to CNN Business.
China’s telecom giant Huawei turned on an unprecedented PR machine after it got into rough weather and even exposed its reclusive founder to foreign journalists. Too late, too little, but not untypical for most Chinese companies, even when they have global aspirations, says marketing veteran Tom Doctoroff to the Holmes Report.
While the world is still trying to come to terms with 5G and China’s position on the new technology, China itself is deploying 5G on a large scale. Andy Mok, a non-resident fellow at Center for China and Globalization explains for state-owned CGTN what the consumers might still miss on this development.
Fintech expert Sara Hsu explains at her YouTube channel why China is eager to speed up the development of its 5G network, and what it means for the rest of the world. How do US and European concerns on cybersecurity relate to China’s development, ZTE, and Huawei, and how does it relates to you.
The arrest on Meng Wanzhou, the Huawei CFO, in Canada, has a huge impact on business relations, says Hurun chief researcher Rupert Hoogewerf, who was in Canada for the Hurun Canada Fortune Forum on Sunday in Markham, to the China Daily.
The US-China trade war has another casualty: the CES consumer electronics trade show in Las Vegas, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post.