Chaos reigns the White House as US presidential advisor Peter Navarro said the China trade deal was dead and was promptly corrected by US President Donald Trump who said the opposite. Business analyst Shaun Rein says at the BBC Trump cannot control his lieutenants, as they prefer to blame China for anything that goes wrong.
The European Union needs to cooperate with China, argues Harvard scholar Shirley Ze Yu at Bloomberg. While the EU is contracting because of the coronavirus pandemic, China is still showing positive predictions, although at a lower level than in the past. China is eager to expand it’s Belt&Road Initiative, and Europe can make good use of it, she tells.
The Wall Street Journal and Bloomberg are increasingly behaving like biased activists when it comes to China, says business analyst Shaun Rein at the state-owned CGTN. “I’m a big believer that they should have critics of China quoted, but then they should also have supporters of China quoted,” he argues.
Chinese listings at US stock markets got recently under fire. Former US assistant trade representative Harry Broadman looks with some amazement at this market at the International Finance Law Review (IFLR). “After decades of working in China intensively on financial accounting, there is not a single state-owned enterprise I’ve worked on that I can think of that abided by international accounting standards,” Broadman says.
Renowned economist Arthur Kroeber, author of the bestseller China’s Economy: What Everyone Needs to Know®, dives into the information explosion after the Covid-19 virus did hit China. Much information is available, but most is of low quality, he argues, and here he does a reality check of what we can say at this stage in April, including Europe and the US.
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.