Last week we saw a resumption of economic activities in China, and hoped our speakers’ business would be up to steam before the summer, including a few months for event organizers to get their act together. But recent developments show that the coronavirus crisis might only be starting in the rest of the world, as European countries and the US have started to lockdown their economic activities to stop the spread of the virus. Together with gloomy assessments of the lackluster way those countries deal with the crisis, our first analysis might have been too optimistic.
China and South Korea might be starting to resume their economies, the rest of the world is getting further into lock-down mode. After Italy, the rest of Europe and the United States are only at the beginning of the corona virus pandemic. And for sure nobody in those countries is in de mood to prepare for a life after the current crisis.
At the China Speakers Bureau, we do start to look ahead, also as more events are cancelled and international flights still seem in a unstoppable free fall. But one thing is sure: even when timing is unclear, this crisis will be disappearing in the months to come, even when experts already predict a second wave of patients after the summer. In our line of business the average lead time between inquiries for speaker’ assignments and execution is on average three months, and we do not want to start for resumption of our business until the pandemic has officially stopped.
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.
European soccer clubs and their stakeholders look on with mixed feelings when yet another Chinese billionnaire sets his eyes on their clubs. But from the perspective of the Chinese billionnaires it makes perfectly sense, says Rupert Hoogewerf, founder of the China Rich List Hurun to the Telegraph.