economy – Page 6 – China Speakers Bureau

How China’s consumers became depressed – Ashley Dudarenok

Reuters reviews China’s latest blockbuster “Upstream”, casting a rare and harsh light on the country’s biggest economic pain points. “An uncertain job market, downward mobility, and the hardscrabble life of millions who are working gig jobs.” Marketing expert Ashley Dudarenok sees a profound change among the previously optimistic consumers, who pushed ahead the country’s economy in the past, she tells Reuters.Read More →

Why China’s business climate is under pressure – Shaun Rein

China’s economic situation has deteriorated over the past two months, says business analyst Shaun Rein in a discussion on CNBC. The hope for a financial bazooka to boost the economy by the government has not materialized and is unlikely to do so. The government seems fine with the current 4/5% growth and also lacks the money to spend as tax income has remained poor, while geopolitical challenges forces the Chinese government to be prudent too.Read More →

China: neither collapsing nor booming – Howard French

Former Shanghai-based foreign correspondent Howard French recently returned to Shanghai for the first time after corona and takes stock of its current state, by talking to Chinese and foreign residents in the city. In Foreign Policy he reports about these findings. French: “All I can say with certainty is that we are all in for a turbulent, costly, and possibly dangerous ride.”Read More →

Global economy depends on the US demand, not on China – Arthur Kroeber

Whether the world is heading for a recession does not depend on the state of China’s economy, but on demand in de US, says China economist Arthur Kroeber at the CNBC. In the eyes of Xi Jinping, China is not doing as bad as some economists say it does, he adds.Read More →

Why talented executives avoid expat jobs in China – Gabor Holch

The golden age for expats in China has ended, argues consultant Gabor Holch, author of Dragon Suit: The Golden Age of Expatriate Executives In China. But that decline already started in 2016, so it is not only the Covid pandemic that can be blamed for that dramatic change, he says.Read More →

Revenge saving key trend among China’s youth – Shaun Rein

Unlike their counterparts in the rest of the world, China’s youngsters are fiercely saving their money, says business analyst Shaun Rein at CNBC. “Unlike youths in the 2010s who often spent more than they earned and borrowed money to buy fancy items like Gucci handbags and Apple iPhone, young Chinese have started saving more,” he told CNBC. Read More →

China’s state of the economy – Shaun Rein

Business analyst Shaun Rein discusses the current state of China’s economy, how consumer confidence is slowly recovering, and why the fear of geopolitical tensions stops them from spending more in the economy. Why investors should be careful in investing right now into the second economy.Read More →

China consumer sentiment: modest improvement noted – Ben Cavender

After a lackluster start of 2024, consumer expert Ben Cavender sees a modest improvement in consumer sentiment in China, he tells Reuters. He said some companies were thinking about how to grow their business in China again after years of holding off on investing, which was helping sentiment to improve.Read More →

Why the US keeps up economic pressure on China – Shaun Rein

The USA is dealing with huge problems and cannot afford to challenge China directly, but decided to stabilize the relations between both countries, says Shanghai-based business analyst Shaun Rein to CNBC-TV18. But the USA is for sure keeping economic pressure going, he adds.Read More →

Shaun Rein’s new book “The Split” ready for pre-order

Bestseller author Shaun Rein’s post-pandemic book on US-China relations, “The Split: How US-China Conflict is Changing China’s Economy and Consumer Behaviour” is ready for pre-order and will appear in early September 2024.Read More →

Why China’s economy is weak, but surviving in the long run – Shaun Rein

China’s consumers are still nervous, the economy is weak, but looking good in the longer run, says Shanghai-based business analyst Shaun Rein at CNBC. Consumers are trading down now, but both real estate and infrastructure are not helping the economy, he adds. In the next decade, China’s middle class will grow from 400 to 800 million. Rein saw many of his clients move temporarily to Japan but is sure they will return to China.Read More →

For multinationals, China cannot be replaced by India or Vietnam – Shaun Rein

Multinationals do not have to look at Vietnam and India as a replacement for China, says business analyst Shaun Rein at CNBC. In the next ten years China’s middle class is going to grow massively, and cannot be beaten by anybody else, he adds. “About 400 million poorer Chinese are getting into the middle class in the years to come,” he says.Read More →