China’s Renminbi is not coming close to the US dollar as the world’s reserve currency, says business analyst Wang Haiyan to Money Talks. Even though more trade is done in the Chinese currency, the US dollar is still dominant. China cannot expect export to save its economy but relies on domestic consumption. But that transition is not going overnight, Wang adds.
First shots have been fired on tariffs in the trade war between the US and China, but the impact has been limited up to now, tells economist Wang Haiyan to CGTN, as the affected numbers are still relatively small. Escalating the effects can be avoided, but to need a compromise by the end of the summer, she says.
As a relatively new agency, at the China Speakers Bureau, never has a shortage of female speakers: women are still a minority at our lists and rankings, but a sizable minority of about 40 percent. We seldom point that out to our clients and potential clients, but want to make for once an exception.
More globalization and technology is going to drive mega change in the coming decade, tells Wang Haiyan, managing partner of the China India Institute, a Washington, D.C.-based research and advisory organization, at Wealth Management. “And global market shocks from China, like the one we saw last summer, will only increase.”
Wang Haiyan´s China India Institute is a research and advisory organization with a focus on creating winning global strategies, organizations and mindsets that leverage the transformational rise of emerging markets, foremost China and India. She has also been an Adjunct Professor of Strategy at INSEAD.