First shots have been fired on tariffs in the trade war between the US and China, but the impact has been limited up to now, tells economist Wang Haiyan to CGTN, as the affected numbers are still relatively small. Escalating the effects can be avoided, but to need a compromise by the end of the summer, she says.
Category Archives: government
China’s accession into the World Trade Organization (WTO) was hailed as an important step of the now second-largest economy into the global trade community. But those illusions are over, says trade expert Harry Broadman to Gulfnews. “China has forfeited its right to be treated as a WTO market economy.”
China has not only been leading the way to develop self-driving cars, it has also been are the forefront of legal changes needed to allow those cars into society. The Shanghai-based lawyer Mark Schaub gives an overview of the new regulations the government has been introducing at the China Law Insight.
International airlines, ignoring Taiwan is part of China, according to China, were the latest to get into hot water with their marketing. But China’s sensitivities are nothing new, say Tom Doctoroff and Shaun Rein to OZY. It makes sense to let your China marketing vet by some China veterans, says both.
China is way ahead of Europe when it comes to its digital transformation, says Zhejiang University professor Mark Greeven, author of Business Ecosystems in China: Alibaba and Competing Baidu, Tencent, Xiaomi and LeEco to the NRC. Europe is way over-regulated compared to China, he says, and companies get in China much more leeway to experiment.
Many successful Chinese companies listed in the US, rather than in China, because of the stringent regulations in their own country. Now going IPO in China is at least becoming easier, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to Harbour Times. And some Chinese companies might come back from the US.
The trade dispute between the US and China is moving from commodities to tech, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post. Getting a deal will be tough, says Kroeber: “The problem from China’s perspective is: can you trust the US to stick to any deal you cut with them?”
The devastating 2008 Sichuan earthquake is still sending tremors into China’s society, writes journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao, in the NY Review of Books.”China’s supreme rulers today also have a strong hold over their citizens, but their edifice might not be immune from seismic change in society.”
China’s financial authorities might be wary of Bitcoins and other digital currencies, but the country is embracing the underlying blockchain technology. Self-driving cars, agriculture, retail and other industries use the deep pockets of the government to introduce the new technology.
At the China Speakers Bureau, we offer a range of speakers who can help you to make sense out of this new direction China is taking, leading the way for global innovation.