One of the major global initiatives by China was the massive Belt and Road Initiative, reviving the old silk roads. In May 2017 a major international conference showed what our experts were already expecting: now all roads lead to China. Even countries who suffered from difficult relations with China, including both Koreas, appeared in Beijing.Larger than the former Marshall Plan after the Second World War, OBOR is going to redefine global trade.
Category Archives: Iran
The trade talks between China and the US might be moving into the right direction, but tensions on other issues are abundant, for example on US demands to stop importing oil from Iran. Professor Sara Hsu explains why China will not comply with the demands of the US.
China threatened Canada with severe consequences after it arrested Huawei’s CFO Meng Wanzhou on the request of the USA. Business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, spells out what those consequences could be for AFP.
China owns Asia, after the US under Donald Trump decided to leave the continent, argues super-investor Jim Rogers, author of Street Smarts: Adventures on the Road and in the Markets, at AMTV. The US moved out, and now you see the Chinese everywhere, in Russia, in Iran, just because they have no competition anymore. “You should invest in markets others hate,” he says.
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.
China’s close to one trillion US dollar investment program One Belt, One Road (OBOR) is facing serious pitfalls that could stop it from succeeding, writes financial analyst Sara Hsu in the Huffington Post. Insufficient due diligence is just one of a range of potential barriers, she writes.
Recent action by US authorities against ZTE and the Bank of China shows that a tough line with Chinese fraudsters works, writes accounting professor Paul Gillis on his weblog. “Chinese regulators are …protecting Chinese fraudsters and thereby creating a safe harbor for those who wish to commit fraud against US investors.”