Weekly Update on Opportunities and Risk for Companies doing business in China & Southeast Asia. This weeks summary covers the China International Import Expo begins in Shanghai, China’s service sector growth rate, UN Probe on China Human Rights Record, China-Russia Confirm Arms Deals at Zhuhai Airshow, China unveils ‘world’s first’ AI news anchor, and Mattis, Pompeo, meet with Chinese leadership in Washington….
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By Levi Rasmussen – As of October 8th, tensions between the United States and China escalated in the South China Sea. A ramp up in live fire naval drills, increased bomber flights, and a recent near collision between two naval vessels all contributed to the rise in tensions. During what the US military calls…Read More Here.
By Levi Rasmussen- On September 30th, North American countries agreed to a new free trade deal called the United States-Mexico-Canada Agreement (USMCA). This trade deal replaces the long-standing North American Free Trade Agreement (NAFTA) among the three countries. The US placed emphasis on agriculture…Read More Here.
By Levi Rasmussen – On October 7th, the Chinese government announced that they would lower their national bank reserve requirement ratio by one percent. Although this may not seem like a significant change, nearly $175 billion will be freed for banks to lend out and to pay off short-term debt. This is the third time in 2018 the country has….Read More Here.
By Siyao Li- China’s Made in China 2025 Plan (also called “China Manufactured 2025”) has gained sizeable attention in Western countries in 2018 as western countries cry out against forced technology transfers in Joint Ventures with Chinese firms, tensions show no sign of simmering in the United States-China Trade War, and heightened…Read More Here
By Levi Rasmussen – On September 30th, the United States, Canada, and Mexico renegotiated their free trade agreement, settling ongoing tension regarding economic relations among the three countries. Various analysts reacted to a specific clause in the agreement, claiming…Read More Here.
By Levi Rasmussen – Early morning on October 4th, Bloomberg Business Week posted an article titled “The Big Hack”. The article cited 17 accounts of hardware manipulation found in server motherboards of nearly 30 American companies, Apple and Amazon among them. U.S. government officials claim that a sector of China’s People’s Liberation Army….Read More Here.
By Levi Rasmussen – On September 27th, China’s President Xi Jinping vowed publicly to support China’s private sector, stating, “We will create a sound legal environment and further improve the business environment for private companies.” Among the recent U.S-China trade war turmoil….Read More Here.
Washington, DC – On September 26, FAO Global attended an public presentation followed by an invite-only reception at the Center for Strategic and International Studies (CSIS) in Washington, DC. AmCham Shanghai President Kenneth Jarrett presented the surveys as part of a multi-day trip (also known as a door-knock) in which AmCham Shanghai member companies visited policy makers, trade representatives, and local think-tanks….Read More Here.
Seattle, WA – Many of us found it odd when a top Chinese official stated on Sept 25 that “The United States is ‘holding a knife to our neck’ to force trade concessions.” This statement was made in the wake of the latest round of escalations in the trade dispute between China and the United States, in which the Trump administration has initiated tariffs on $200 billion dollars of imported goods from China… – Frazier Lowell
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