China has reacted pretty cool on the increased signals US president Donal Trump is heading for a trade war, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the Washington Post. While the traditional conflict-solving procedures at the WTO might not fit the tit-for-tat approach of a trade war, China can afford to keep its composure.
Category Archives: agriculture
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.
The world had one year to get used to Donald Trump’s approach to trade deals: bilateral trade deals rather than plurilateral regional trade deals. Former World Bank official Harry Broadman explains for Forbes why Trump’s approach for international deals is going to fail.
China has lifted hundreds of millions out of poverty and president Xi Jinping vowed to give the last millions of poor also a better life. Economics professor Sara Hsu of the State University of New York explains in CCTV what the country’s receipt for poverty relief has been.
As China’s autumn meeting on decisions for the next five year looms, private capital has clearly brought to heel and is deployed to support the state economy, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post. “State enterprises are guaranteed a “dominant” role in the economy,” Kroeber said
Self-sufficiency in food has long been the mantra of China. But that is changing, as the country even imports rice from the US. Aging farmers, pollution and other challenges makes this change necessary, tells assistant professor Sara Shu, as the domestic production cannot be guaranteed.
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.
China´s consumers have changed dramatically over the past decade, retail analyst Ben Cavender told a conference on fruit, for example only looking at first-tier cities is a wrong habit from the past, reports the Fruitnet. And the hypermarkets are dead.
The origin of food is key for Chinese consumers, since brands can be made everywhere, including China, says retail analyst James Roy in FreshPlaza. “Brands are almost no longer important to the Chinese consumer when it comes to food, as long as the product’s origin is foreign.”