The ongoing Boao Forum in Hainan never attracted as much attention as this year, as China’s global aspirations expand, and US president Donald Trump is heading for a trade war, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post.
The South China Morning Post:
Shaun Rein, the founder of the China Market Research Group, said this year’s event was more significant than ever because of the “potential for a massive trade war between the US and China”.
“And there is a lot of concern about whether China is going to be open for foreign business, and what [incentives] it might dole out to Europe and Asia as a way to keep the US down,” he said…
Rein, who is also the author of The War for China’s Wallet, said he expected China to try and lure countries attending Boao with “sweeteners”, adding that he expected there to be a spike in new trade deals between China and its guests as Beijing sought to show the world that it did not need the US.
“There is an opportunity for Xi to show that it’s business as normal, and calm a market that has been stirred up by what Trump is doing,” he said.
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