2019 does not look good for China’s economy, says financial analyst Sara Hsu, as the effects on import and export of the trade war kick in, and China was experiencing a slowdown already before the trade war started. In the US specific industries are hard hit, like automotive, agriculture and tech, she adds.
Category Archives: finance
US investor Jim Rogers visited on January 8th the Hainan Global Fintech Innovation Summit and explored the possibilities of the island to become China’s Silicon Valley at Contact Hainan. “You have fabulous weather, you have a fabulous lifestyle in Hainan if you continue to open up, and make it easy for people to come here, Hainan probably will become the greatest place in China.”
China’s former leader Deng Xiaoping has been celebrated as the architect of the country’s economic reform. Current president Xi Jinping is no longer following Deng’s track, but defines his own state-dominated economy, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, to Bloomberg.
Financial authorities have been cracking down on protest caused by financial scandals, especially in P2P lending. Financial analyst Sara Hsu looks at her weblog at the expectations for China’s fintech industry in the near future during a slowing economy.
Two financial regulators in the US, the SEC and the PCAOB, have joined the trade war of their country and combined it with their struggle for better accounting practices in China, writes Beida accounting professor Paul Gillis at his weblog. While the complaints are not new or surprising, he wonders about the timing, Gillis adds.
Accountants have to figure out what is happening in a company, and the difference between Western and Chinese practices makes that often hard, says Paul Gillis, accounting professor at Peking University, and author of the leading website ChinaAccountingBlog to Young China Watchers.
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.
The number of wealthy families on Greater China has grown in 2017, but growth is dropping and might even be lower in 2018 caused by the trade war and declining economic growth, says Rupert Hoogewerf, chairman of the Hurun China Rich List according to Barrons in a new report released this week.