fbpx

Event Brief: Understanding the Foreign Investment Risk Review Modernization Act (FIRRMA)

Washington, DC – On September 25, FAO Global Founder, Brandon Hughes, was front row for an event on understanding the Foreign Investment Risk Review Modernization Act (FIRRMA) which was signed into law on August 13, by United States President Donald Trump. The event brought together many notable speakers, to include U.S. Congressman and Chairman of the House Financial Services Committee, Jeb Hensarling (R-TX), as well as Heath P. Tarbert, the Assistant Secretary for International Markets and Investment Policy; U.S. Department of the Treasury.

CFIUS Blocks Chinese Acquisition of US Firm

The deal made between Chinese conglomerate HNA Group and American company SkyBridge Capital, a hedge fund led by Anthony Scaramucci, a former aide to U.S. President Trump, has fallen through. The Committee on Foreign Investment in the United States (CFIUS)….Read More Here. – Adriana Ray

India not enthusiastic about China’s Belt & One Road Initiative

China did not get the support it was looking for from India regarding Beijing’s One Belt One Road Initiative (BRI) following an important security bloc meeting Tuesday, April 24. India’s Prime Minister Modi is expected to visit Chinese President Xi Jinping in China later this week to discuss India’s potential membership. – Adriana Ray

China, Japan to establish Belt and Road Council

As of May 8th, the Japanese and Chinese governments have announced plans to create a council to discuss joint China’s Belt and Road Initiative (BRI) projects in other nations. Prime Minister Shinzo Abe and Chinese Premier Li Keqiang are expected to formally establish the council during the Japanese, Chinese, South Korean summit happening May 9. – Adriana Ray

Event Brief: Belt and Road Initiative Forum in Xiamen, China

Xiamen – On September 9th, FAO Global CEO Brandon Hughes, attended an all-day forum focused on the Belt & Road Initiative (BRI) from both a Chinese business perspective and government. This forum was part of the 20th China International Fair for Investment and Trade held in Xiamen City, Fujian province, China. The event was attended by provincial and city leaders from Xiamen and Fujian, as well the Ambassador to Beijing from Slovakia, the U.S. State Department, and an emissary from Egypt. – Brandon Hughes

The International Relations of Formula 1

Formula One (F1) Racing is considered one of the most popular sports in the world. It’s viewership in 2017 exceeded 340 million unique viewers, which surpasses the highly popular National Football League (NFL). F1, which represents the pinnacle of the vehicle racing world, showcases multi-million dollar open air rocket ships made possible from teams of multinational enthusiasts doing their part to ensure the continued existence of the sport.

Malaysia May Cancel Two Major Belt & Road Projects

On Tuesday, August 21, Malaysian president Mahathir Mohamad concluded his first visit in Beijing. During his 5-day visit, Mohamad re-negotiated with China for some $22 billion U.S. dollar infrastructure projects under the Belt and Road Initiative (also known as the One Belt One Road (OBOR) Initiative), in an effort to free Malaysia from their national debt crisis. Unlike his Beijing-friendly precursor, Mahathir is attempting to cancel two major China-backed infrastructure projects already in agreement with Beijing. – Weiting Li

Chinese Navy Conducts Naval Drills off Qingdao Coast

From August 10-13th, the China’s People’s Liberation Army Navy (PLAN) conducted a naval drill during in the East China Sea. The drill came during the same period Taiwan’s leader Tsai Ing-wen started her South America trip. Due to this naval drill, all civilian vessels and merchant ships were banned from entering restricted areas, which was from the northeast maritime area of Rizhao to the southeast maritime areas of Qingdao in Shandong Province, China. – Ziqing Zhang

China’s Economy Cooling Down

According a studied released on August 14 by the China National Bureau of Statistics China’s economic growth slowed 5.5%. This rate is lower compared to the first seven months (January through July) of the previous year’s growth. Beijing tried to explain the slow growth by China transitioning from ““high-speed growth” to “high-quality growth,” which was promoted by high tech initiative as part of Beijing’s “Made in China 2025” industrial policy. – Ziqing Zhang

For our assessment on the global impacts on businesses, see our detailed summary and assessment here.

China Intelligence Brief: July 2018

China Intelligence Briefs are Made Available to our clients daily. Are you in need of custom intelligence briefs for your company, public image, industry, or operating environment? We provide tailored intelligence briefs on a daily, weekly, or monthly schedule.We produce local language sourced information, build relationships with local influences, and grow understanding by leveraging industry…

Follow Us