Starbucks sold its stake in its South-Korean joint venture, worth in total over US$2 billion. The best they can do, is reinvest their capital in expansion in China, says business analyst Shaun Rein to Reuters. “Using the sale of its South Korean operations will equip it with more cash that it can deploy to China,” Rein said.
Until a few weeks ago, listing at US stock markets was a favorite way to raise capital for fast-growing Chinese companies. That venue is closed now, and VC veteran William Bao Bean sees still bears on the road for on-shore listing’s at China’s stock markets, he tells the South China Morning Post.
Rocker and political analyst Kaiser Kuo looks at how China – often wrongly – is perceived in the West in an interview with Australian broadcaster ABC. While the country has gone in less than a generation through a massive upgrade of its hardware, the software is often lagging behind, he says.
Setting up solid eco-systems to facilitate your business, is what China’s companies do right when they go global and other multinationals can learn from them, says strategic advisor Ashley Dudarenok on her vlog. Especially European companies have a rather poor starting position, she adds.
China did not comply with the conditions it signed up for when it entered the World Trade Organization (WTO), says former White House advisor Harry Broadman at the NACD Northern California Chapter in a discussion about American business in China. And while US president Joe Biden has taken on China bilaterally, it needs collective action to change the country’s attitude to trade, he adds.
The G7 planned during its certain meeting an alternative for China’s Belt&Road Initiative, to halt the country’s international leverage, the Build Back Better World (B3W). But former White House advisor Harry Broadman has serious doubts whether the new plan will be effective at all, he tells according to the GTReview.
Journalist Ian Johnson will become a senior fellow at the Council on Foreign Relations (CFR) from July 1, 2021, the council announced. At the China Speakers Bureau, we are happy to see Ian in such a prestigious position after what has been a turbulent year, both personally as professionally.