London-based China veteran Mark Schaub summarizes in his China Chit-chat newsletter the meetings his law firm had with 24 Ultra High Net Worth Individuals (HNWI) from China over the last three months of 2023. They were checking out opportunities in Europe and the Middle East, partly because their offspring was not really interested in joining their China business. They would look for lessons from their European counterparts but failed because of the differences between Chinese and Europeans, and because the concept of paying for professional legal advice did not yet take root among the Chinese visitors.
“When the Chinese get good at something, all of the sudden, the United States says, ‘This is a national security risk’”, says Shanghai-based business analyst Shaun Rein on the tech arms race between China and the US, where Huawei, TikTok, and others got into trouble in the US, in his interview with Ian Bremmer.
While China is seriously trying to get to terms with the end of the zero-Covid policies since the end of December 2022, international business has not been following suit, according to the Financial Times. International business delegations and other foreign visitors have not yet returned to Shanghai, writes the paper.
The world has been utterly confused by China’s attitude to Russia and the war in Ukraine. One thing is sure, says China analyst Ian Johnson in an opinion piece for CNN, we should not expect China to solve the war in Ukraine. “Becoming involved in foreigners’ disputes makes no sense. Better to stay out of the fray, see who is likely to win, and then cut deals,” Ian Johnson says.
Russia’s invasion of Ukraine has raised multiple questions on China’s relationship with Russia, Taiwan, and the USA. CFR-scholar Ian Johnson looks at the CFR-blog at a wide range of the international fallout of recent affairs. And can and will China bail out Putin from the economic and financial sanctions?
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.