Global companies have been warning of the major effects of China’s lockdown on their operations, curtailing Shanghai for more than six weeks. But they have very few alternatives apart from sitting out the ordeal, says Shanghai-based business analyst Ben Cavender to CNN. The corporate exodus from Russia after the invasion of Ukraine did not help. For sure, consumption in China is down.
Leading China economist Arthur Kroeber discusses the basis of the country’s economic growth and its relations with the US, at a panel of the Brown China Summit. Kroeber “explained that China’s alignment with Russia is an effort to erode the current U.S. global order in order to create more space for the two countries.”
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?
Chinese New Year is just a month ahead of us, so gift giving is high on the agenda. China veteran Ashley Dudarenok, author of Digital China: Working with Bloggers, Influencers and KOLs, gives some advice on what to give – and what not to – at her daily webblog for both China and what a China expert should bring to Russia.
China owns Asia, after the US under Donald Trump decided to leave the continent, argues super-investor Jim Rogers, author of Street Smarts: Adventures on the Road and in the Markets, at AMTV. The US moved out, and now you see the Chinese everywhere, in Russia, in Iran, just because they have no competition anymore. “You should invest in markets others hate,” he says.
China internet giant Alibaba struck a major deal last week with Russia’s Mail.ru – one of Russia’s leading tech and media conglomerates that is already called Russia’s Alibaba. A smart move says Russian Ashley Dudarenok, a veteran marketer on China’s e-commerce and author of Unlocking the World’s Largest E-market: A Guide To Selling on Chinese Social Media in the China Economic Review.