2020 follows on from a year in which the world’s economy grew at its slowest pace since the global financial crisis, and the continued rise of protectionist policies and trade disputes.
Tesla was the first foreign automaker to pivot to China’s fast-growing NEV market, but Volkswagen, BMW and Toyota have also issued a resounding vote of confidence in the sector.
As the dust settles on this most recent and severe crisis between the US and Iran, it appears that for now there is still life in the Iran nuclear deal, but it is hanging by a thread.
Though the United States remains Japan and South Korea’s most important trade and security partner, and an important trading partner of China, its actions in the region show it is acting out of step with the three, and appears more side-lined than ever before.
It is hoped that in the current climate of economic uncertainty and a worrying slowdown witnessed in global GDP growth, the FIL will alleviate [business] concerns, encourage investment into China and also reestablish confidence within the international business community.
In line with the age-old-adage that “success often begets success”, there is a renewed sense of optimism and hope that the Phase One deal is only the beginning of an increasingly stable and cooperative trading relationship.
Whilst the outcome of the 2019 General Election may be the first step towards uniting a bitterly divided British public over Brexit – it could also mark the first step towards the break-up of the United Kingdom.
Hong Kong’s so-called “autonomy” will now be judged by how closely the financial hub abides by and enforces Washington prescribed trade policies.
There is little doubt that China’s system will continue to evolve and advance, leaving the American government’s flaky accusations on even shakier ground.
Why is much of the Western media framing China’s on-target growth as a cause for concern?
The story of Chongli is one of cooperation between China’s government, local authorities, and private investors. Working together, the public sector and private capital are drastically transforming an underdeveloped and poverty-stricken town into a leading ski resort with a thriving tourist economy.
China’s business environment is fast accelerating into a place of outstanding opportunity, which no company can afford to be left out of.
