Mr Xi and the Chinese leaders promised a ‘great rejuvenation’ but as the effects of the Trade War kick in it’s time to consider de-regulation and less state control rather than further tightening the grip.
Economic growth may fall below 6%, and if China plans to grow beyond its 13% share of world exports then welcoming foreign business and opening up trading relationships would present a positive venture.
Regardless of the US sanctions, China has an opportunity to outline a new path before the 1st March negotiation deadlines. The Economist offers some thoughts on the way forward…
The transition we are experiencing moving from Globalisation and Free Markets to that of Slowbalisation and Nationalism is a worrying macro trend, however, not necessarily something that has to continue to take the course it may appear to be leaning towards.
The Honorable Kevin Rudd seeks to address the drivers and implications as the world’s two superpowers drift apart and offer practical steps to digest the evolution of China’s growth, as well as thoughts on preserving the peace that has underpinned the Asian economic growth miracle of the last half-century.
Australia China Business Council
Australia-China Young Professionals Initiative (ACYPI)
Australia-China Relations Institute, University of Technology Sydney
Australia China Innovation Growth Fund
Australian Trade and Investment Commission (Austrade)
With an export economy which is double the size of its GDP, Vietnam was ranked No. 1 among seven emerging Asian countries as manufacturing destinations by Natixis, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of total foreign direct investment.
A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the U.S.-China trade war.
Many companies are moving their Asian manufacturing to Vietnam, including Samsung Electronics which accounts for one-fifth of the country’s exports. Vietnam’s profile is also benefiting from increased global attention with the next Trump & Kim meeting to be hosted in Ho Chi Min City.