Beijing does not expect the Obama administration to enthusiastically support this initiative or the Asian Infrastructure Investment Bank, but it does hope that the American side can be serious about the tremendous potential for the two countries to formulate a global development partnership.
Like Hollywood blockbuster films, US-style theme parks aren’t automatic winners in today’s China, where many discerning customers have already traveled to experience such fun in places like Orlando or Tokyo. Entertainment professionals who covet the lucrative market must honestly meet their promise of “creating a unique experience for every customer.”
The downward pressure on GDP growth has eased a bit and the economy has rebounded somewhat, mainly because of government investment in infrastructure and the real estate speculation despite a lack of domestic residential demand. Therefore, the state of China’s economy remains a mixed picture.
Driven by factors such as unprecedented financing growth and increased investments by governments, the economy in the first quarter showed an obvious marginal improvement, which could maintain until June. The price includes an excessive money supply, a rising leverage level and the structural aggravation, therefore, doubts remain whether such improvements could sustain for the long term.
The history of U.S. engagement in global commerce is intricately intertwined with the Panama Canal. China, through a private investment partnership, has made plans to construct a similar canal through Nicaragua. Though the countries own politics will determine its viability, environmental and funding issues may derail it sooner.
This 18th edition of the American Business in China White Paper reflects AmCham China member companies’ general commitment to the China market but also illustrates how they are continuing to weather and adapt to a challenging and constantly evolving business environment as China continues on a path of economic reforms […]
The National Committee on U.S.-China Relations, in partnership with Rhodium Group, released on April 12 a report titled “New Neighbors: 2016 Update”, rich in data that reveals the patterns and growing local impact of Chinese investment, including job creation and provision.
EU engagement in Central Asia has been reactive than proactive. U.S. withdrawal in Afghanistan, and the amalgamation of EU expertise and the Chinese financial power may significantly help mitigate the effects of poverty in Central Asia. Yet, at this stage these prospects are detached from the reality and embody rather normative aspirations.
In a potentially ominous new development for businesses in Hong Kong, new worries and ensuing protests have arisen over whether China’s treatment of dissent has now extended beyond its borders. Curtis S. China argues that leaders should recognize that transparent rule of law will be essential for business confidence and economic growth in the long run.
Once the US-European free-trade agreement is reached, the agreement will cover half of the global economic output and will include commodities and services worth of nearly $1 trillion, accounting for over one-third of total world trade.
Various news outlets alleged that new Internet regulations might cut China off from the global Internet, and that foreign websites might have to re-register within China in order to maintain access to its market. Few of these comments, however, evince an understanding of how the domain name system (DNS) works, and how these regulations might impact online traffic.
Effectively reducing the killing of African elephants and rhinoceroses depends more on curbing the foreign demand for tusks and horn than on localized national endeavors to combat poachers. China is cooperating with African nations, but more must be done to abate the cultural appetite for ivory.
Actions in the South China Sea may sow mistrust with China’s neighbors, at the expense of China’s export-led infrastructure development growth. South China Sea Joint Development Areas, however, can enable China and Southeast Asia to reach a constructive, precedent-setting middle ground sidelining politics and focusing on mutually beneficial economics, like building a global electric grid.
Interlocking the G20 and the IMF, better coordinating the five major economies, and reducing dependence on the US dollar are all opportunities for the Hangzhou summit during China’s G20 presidency.
The manufacturing jobs that the U.S. lost in the preceding decades did not move on to China – they no longer exist. There is no way to bring back these jobs as machines can do them better, and cheaper, than any American worker. The solution to our present dilemma certainly isn’t a manufacturing revival, but it may be a 20-hour workweek.