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.
It is not Hong Kong protests or the trade war, China’s leaders fear most, but hogs hit by African swine fever and the rising pork prices, says political analyst Victor Shih at Phys.org. An estimated 40 percent of its pigs have been killed already and massive reserves of frozen pork released on the stretched markets.
The trade negotiations between China and the US might be in their endgame, but the differences are still huge. The US wants China to stop running their economy as they have always done, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, to the Asia Society blog.
2019 does not look good for China’s economy, says financial analyst Sara Hsu, as the effects on import and export of the trade war kick in, and China was experiencing a slowdown already before the trade war started. In the US specific industries are hard hit, like automotive, agriculture and tech, she adds.
US investor Jim Rogers visited on January 8th the Hainan Global Fintech Innovation Summit and explored the possibilities of the island to become China’s Silicon Valley at Contact Hainan. “You have fabulous weather, you have a fabulous lifestyle in Hainan if you continue to open up, and make it easy for people to come here, Hainan probably will become the greatest place in China.”