An even faster shift to online, domestic tourism and health care related activities. Business analyst Shaun Rein sums up how China is changing faster after the corona crisis is over, in an interview with Ashley Dudarenok. Are international brands even more leverage to domestic brands, both wonder.
William Bao Bean, Shanghai-based managing director of startup accelerator Chinaaccelerator, discusses his investment strategy as the world is in disarray because of the coronavirus, at Focus Wire. “When things are bad, no one really does anything, and when things are hot, everybody’s investing,” Bean says.
Super investor Jim Rogers discusses the monetarian measures by Western central banks, while in China their colleagues have not lowered interest rates to fight the effects of the coronavirus. In Europe and the US they have not even started to fight the virus and we have to see how that works out, he tells at CGTN.
The coronavirus might have put pressure on many industries, the top healthcare companies in China do very well, says Rupert Hoogewerf, chief researcher of the Hurun Report in Laingbuissonnews.com. Healthcare is the third largest industry for non-state controlled companies in China, after manufacturing and real estate.
Shanghai-based business analyst Shaun Rein was with his family on a well-deserved holiday as the fallout of the corona virus crisis caught up with his trip. Panic is spreading over the world, especially now in the US. Rein is back in Shanghai and feels himself more safe than in some of the countries he has been in over the past few months, he tells at CGTN, although there is a lot room for improvement in China too.
2019 was a good year for most of China’s industries, the corona virus black-lash might be rough for some industries, says leading economist Arthur Kroeber in the Financial Times. Substantial double-digit declines in many production-side economic indicators might be expected over the first three months of the year,” he added.
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.
Becoming a successful marketeer can be learned, says China-veteran Ashley Dudarenok at Hive Life. She gives six tips to move forward in selling into China. For example: get a mentor. “You can do it all – but it’s going to take you twenty years. Do you want to do it the hard way? Or do you want to pay somebody some money to show you how to do it in probably in just two to three years? “
Health organizations have been warning for shortages in essential drugs, now supplies from China are disrupted. But the problems are more fundamental than a concentration of drug production in China, also Indian manufacturers get into trouble, warns business analyst Shaun Rein at the BBC.
The China government is trying to push positive news in the way it handles the coronavirus crisis, but the economic fallout is only shaping up as the panic moves to other parts of the world. Airlines, shipping lines and other logistics and hospitality providers are maintaining the reduction on services, as demand is not yet picking up. Some logistic providers contemplate resuming services only in June, although they do not wish to confirm that less-favorable scenario.
Europe has become the latest victim of the coronavirus panic, and the number of patients rises, while numbers in the Americas are still low, but expected to go up too.