The world’s tourism industry has become addicted to big-spending Chinese travellers, but events seem to be conspiring to disrupt the trend, at least temporarily.
Jörg Wuttke, President of the European Union Chamber of Commerce in China, discusses how European companies are faring.
Craig Allen, President of the US-China Business Council, looks at the impact on businesses of deteriorating relations between the world’s two largest economies.
The challenge that the world now faces is the result of the confluence of many disparate issues. To meet it will require global wisdom and collective actions by us all, starting now.
A steep economic slowdown is exacerbating the problems for once-golden startups in the sharing economy, from those offering shared office space to shared umbrellas In China’s sharing economy, it is no longer possible to just share and share alike. The concepts encompassed by the phrase “sharing economy” inspired a huge injection of investment funds […]
Chinese startup Luckin Coffee is expanding at a breakneck pace. How will Starbucks and other coffee players respond? Starbucks had coffee lovers in China’s main cities wrapped up until Luckin arrived, but is the market big enough and growing fast enough for both and more coffee vendors?
Given their ongoing differences, what will the future of China-US relations look like? After more than 40 years of growing ties, the economies of China and the US are now deeply intertwined, and decoupling to any degree would mean a disentangling of enormous complexity.
The WTO is the world’s primary trading system, comprised of 164 member-economies scattered across all of the world’s five continents, and it is obviously in the interests of the world that it works effectively. But growing disputes between China and the Western economies are making the World Trade Organization increasingly dysfunctional. Could the result be a radical overhaul of the global trading system?
A new year is a time for fresh starts and new beginnings. At least, that is what policymakers in Beijing will be hoping. The second half of 2018 produced some negative headlines on the economy as a domestic deleveraging drive and the intensifying trade war with the US slowed growth and undermined confidence. Will these headwinds continue battering the Chinese economy or will Beijing be able to engineer a recovery? There are few people better placed to answer this question than Shen Jianguang, one of China’s most respected economic analysts, whose career has included stints at the European Central Bank, IMF and OECD.
For many in Beijing, the trade war confirms long-held suspicions that the United States is determined to thwart China’s rise as the world’s next superpower. As a result, US demands that China abandon Made in China 2025 have also tended to be viewed by Beijing as being motivated not by concerns over fair competition, but by a desire to make sure America keeps its lead in the global innovation race. Public statements from senior figures in the Trump administration have fueled these concerns—the trade war not as an isolated incident, but part of a longer history of US attempts to undermine rival powers.