A default of the US is highly unlikely, even in the current chaotic political setting in the United States, says leading China economist Arthur Kroeber, but today the risks for China are much higher than during the 2008-2009 crisis. A crisis would not offer an opportunity to build an international financial system around the Renminbi, next to the US dollar, he adds in the ChinaFile.
Foreign companies have been struggling how to manage their China investments for decades. Veteran China lawyer Mark Schaub, partner at KWM, looks at how the questions have remained, but the answers changed as China developed from a lucrative niche market into a major competitor for most industries, in his weekly Chit-Chat China.
China’s President Xi Jinping has not traveled much over the past years, most lately he missed COP26 in Glasgow, nor has he received many foreign guests. Political analyst Victor Shih sees there is more behind Xi’s travel behavior than only an effect of the coronacrisis, he tells at Forbes.
The G7 planned during its certain meeting an alternative for China’s Belt&Road Initiative, to halt the country’s international leverage, the Build Back Better World (B3W). But former White House advisor Harry Broadman has serious doubts whether the new plan will be effective at all, he tells according to the GTReview.
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.
When you are in business and managing logistical chains, you are prepared for disruption. But the coronavirus is a different kind of disruption that needs a different mindset, says Harry Broadman. “The coronavirus is something that knows no borders and is far more diversified than any supply chain. That’s why you’re seeing pretty pronounced effects reverberating,” he says at US News.