Many stories about China and the Chinese in Africa are simply myths, says journalist and author Howard French, of China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa. He discusses how Chinese entrepreneurs ended up in Africa. “There was no big masterplan by the Chinese state to do so,” he says at The Columbia Global Centers in Nairobi.
Category Archives: globalization
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.
US companies make US$544 billion in annual revenue in China, much more than the US exports to China, warns economist Arthur Kroeber at Barrons. Global companies will feel the heat.
The US administration is trying to decouple its economy from China’s. And while there might be some arguments in favor of that position, the treat of decoupling for the world economy is huge, says international trade expert Harry Broadman in Forbes (here in pdf-format). Down the line, the US and global economies will be worse off, he warns.
China is nowadays even compared with former colonial powers when it comes to its economic rise in Africa. Journalist Howard French, the author of China’s Second Continent, takes a step back and looks at how it all started in the 1960s for Worldpoliticsreview, and how it relates to South Africa.
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.
Reforms are key for China to perform in terms of economic growth and developing into a superpower, says financial analyst Sara Hsu to ABC. The Belt and Road Initiative offers great prospects for the future, but still has to prove it is working, she adds.
Globally cosmetic companies have been phasing out animal testing, but in China authorities sometimes still require those tests. Lawyer Mark Schaub looks at the dilemmas for international cosmetics, who face different requirements, and potential damage to their brand, at the China Law Insight.
Major industries like travel, retail, automotive, telecom and others see their traditional business models changing very fast. At Shanghai-based SOSV managing director William Bao Bean helps startups to make money in new ways, based on data, and capture fast emerging markets, he tells at the Phocuswright Europe conference in Amsterdam last week. Companies should not cling to melting margins, but identify where money can be made, he argues.
The official trade war between the US and China seems to be entering its end game. But that does not mean the hostilities will end. Making sense out of what the world’s first and second-largest economies will do will only be slightly easier. A few speakers at our office might be able to help you out.