The formation mechanism of Chinese policies appears to be mysterious and its impact is enormous.
New contracts mostly in Indonesia, Cambodia, Singapore, Vietnam
China has to rethink ways to make its business environment conducive and sustainable for foreign investors
The question is are governments ready to cope with it than it did in 2009?
John Chen, president of the reinsurance company in Swiss Re China, said at the Summer Davos Forum that the “future belongs to China, and the entire Swiss Re regards China as a strategically important market.
In the process of moving towards developed countries, developing countries inevitably would go through the phase of middle income traps. With China’s economic growth and rising national wealth, the nation attempts to bypass the middle income trap to become a developed country.
The G20 summit, which ended in Osaka last week called for fairer and more inclusive trade arrangements with the backdrop of China and the US calling a truce to their ongoing trade feud and with other countries calling for freer trade.
The resolute determination of the various Asean leaders calling for the swift conclusion of the Chinese-led Regional Comprehensive Economic Partnership (RCEP) by the end of the year suggests that China has taken the lead in geopolitical leadership in the region from the US.
With China’s demographic dividends having gradually disappeared in recent years, production costs have definitely soared in the world’s second largest economy.
The Shangri-La dialogue ended without much reassurance about the heightening tensions between superpowers China and the US in South China Sea, leaving it as a hotbed of contestations.