Shanghai-based business analyst Shaun Rein was with his family on a well-deserved holiday as the fallout of the corona virus crisis caught up with his trip. Panic is spreading over the world, especially now in the US. Rein is back in Shanghai and feels himself more safe than in some of the countries he has been in over the past few months, he tells at CGTN, although there is a lot room for improvement in China too.
The China government is trying to push positive news in the way it handles the coronavirus crisis, but the economic fallout is only shaping up as the panic moves to other parts of the world. Airlines, shipping lines and other logistics and hospitality providers are maintaining the reduction on services, as demand is not yet picking up. Some logistic providers contemplate resuming services only in June, although they do not wish to confirm that less-favorable scenario.
Europe has become the latest victim of the coronavirus panic, and the number of patients rises, while numbers in the Americas are still low, but expected to go up too.
China’ struggle against the coronavirus has been on the front pages worldwide on the past weeks. Western CEO’s of companies with operations in China have been calling for calm and try to convince their audiences all is well for those operations. The question is whether that is more than wishful thinking.
China has been into lunar festival mode over the past weeks and all offices and factories would have been closed anyway. Damage might have been obvious in the consumer industry as even outside Wuhan many inhabitants kept off the streets. But the major question is now, as the lunar festival holidays end, whether China’s massive work force returns to their workplaces.
One of the major global initiatives by China was the massive Belt and Road Initiative, reviving the old silk roads. In May 2017 a major international conference showed what our experts were already expecting: now all roads lead to China. Even countries who suffered from difficult relations with China, including both Koreas, appeared in Beijing.Larger than the former Marshall Plan after the Second World War, OBOR is going to redefine global trade.
Religion is on the rise in China, despite worries from the government. China’s diaspora’s are a source of Christianians, as a growing number of Chinese return home with their newly found religious feelings, says journalist Ian Johnson, author of The Souls of China: The Return of Religion After Mao, at CNN in a story on Kenya.
Where do they go to, where do they stay. The travel industry is eagerly looking at the luxury traveler from China. The latest Hurun Chinese Luxury Traveller report shows some answers: they increasingly go for luxury homes instead of hotels, says Hurun chairman Rupert Hoogewerf to the South China Morning Post.
The world was once again flabbergasted by the US trade measures since it did hurt designated trade enemy China less than potential US allies again China, says leading economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®. Behind those measures are efforts to design a whole new playbook, to change global economy, he tells both Livemint and Bloomberg.
Try to solve a problem, even when that means you have to throw your ideas in the bin, tells William Bao Bean an Australian audience. When people in India or China do not have the problem you try to solve, going there does not make sense. The managing director of Chinaccelerator helps preparing for the next four billion of customers.