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.
A clip with presentations by London-based Shirley Ze Yu, going around in the world. China has emerged as the second-largest economy in the world but has a hard time telling the world its story. Dr. Shirley Ze Yu is one of the very few exceptions in profiling herself as a solid China-voice, giving an alternative viewpoint on a mostly Western take on the developments of China and the world economy. Shirley Ze Yu is LSE scholar, fellow at Harvard Kennedy School and former Chinese national television (CCTV) news anchor Shirley Ze Yu.
China’s former leader Deng Xiaoping allowed the country to embark on a liberal economy, while repressing communist ideology. That “China Model” helped economically, but it was only useful in a temporary transition, writes political analyst Shirley Ze Yu in the Interpreter. Now president Xi Jinping swallows Deng’s bitter capitalist poison pill, she writes.
What is Beijing’s worst nightmare? The trade war? The troubles in Hong Kong. No, says political economist Shirley Ze Yu. China’s real nightmare is a collapse of the property market, she writes in the South China Morning Post. “China’s property market is the grey rhino, overfed on massive liquidity steroids.”
Now a massive row of Chinese companies, including Alibaba, are preparing for IPO´s, both at home at abroad, insights in China´s financial industry are more important than ever,
The government wants to allow market forces to decide what financial direction the country is taking, and because more than even capital is owned by Chinese citizens, just looking at what the central government in Beijing is doing, is not longer good enough.
From a cash country, where transactions were done by moving plastic bags with money between bank branches, China has turned into a leading force in fintech or financiel technology. Mobile payment are standard. Bitcoins and blockchain technology found in China early adopters. Social media have – more than anywhere in the world – adopted payment systems to facilitate online trade.
Making sense out of China has always been challenging, although the questions companies and people have to ask themselves change permanently. From a rather uregulated booming economy, now dealing we a tsunami of new rules, anti-corruption and a – relatively – slowing economy changes the strategic questions you have to deal with And while everybody has an opinion, at the China Speakers Bureau we are happy to have a range of expert opinions on China´s strategic challenges. We have a selection here (but you can always ask for more).
Mainland China has been watching the recent events in Hong Kong with astonishment, to say the least. LSE scholar, fellow at Harvard Kennedy School and former Chinese national television (CCTV) news anchor Shirley Ze Yu explains in the South China Morning Post how the former British colony has fallen into China’s economic orbit and how – in the long run – it will join the mainland.
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.