The creation of a digital currency does not mean China can create a reserve currency for the international markets, says financial expert Victor Shih in Quartz. Domestically, it could mean the digital currency could try to catch back the financial room now occupied by commercial players like Alibaba’s Alipay and Tencent’s WeChat, he adds.
The coronavirus or Covid-19 has kept the world in its grip since the beginning of 2020, first as a China problem, but then fast expanding to the rest of the world.
At the China Speakers Bureau, we organize China experts for a global audience, and our speakers have started to speak out on the impacts of that crisis, countries dealt with the crisis, and how China will deal with the major economic fallout of this global disruption.
Are you interested in discussing more options of speakers to deal with the corona crisis? Do get in touch.
US president Trump might be doing his best to upset China in every possible way, but US-China relations are no longer top priority for either country, says political analyst Victor Shih at NBC News. “Fundamentally the big problem on both sides is that you now have leadership which no longer considers having good bilateral relationships as a highest priority,”
Fighting the Covid-19 virus and saving the economy might not go very well together, says political analyst Victor Shih in Al Jazeera. While there is very little international supply chains can do at this stage, as Chinese governments make decisions, says Victor Shih, the message for the long run is: diversify.
China’s Hubei province shocked the world as the number of confirmed coronavirus patients spiked because it started to use different way to diagnose patients. Political analyst Victor Shih sees it as a proof that the government is using different sets of tools to manipulate the number of patients and deaths, he tells to Reuters.
China is profiling itself as a stabilizing actor on in world politics, after the US killing of Iranian Major General Qassem Soleimani, says political analyst Victor Shih at the South China Morning Post. However, China’s presentation of itself as respectful of the sovereignty of other nations does not square with numerous examples of China looking to use its economic sway to influence other nations’ diplomacy or politics, Shih said.
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.
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).
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.