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.
The Shangri-La Dialogue that ended last week dominated the heightening tensions between the US and China on both the economic and military fronts which is a deep source of regional anxiety in the Asia-Pacific region.
Held in the historic Millennium Biltmore Los Angeles hotel, the 2019 China-California Business Forum featured a bustling crowd of U.S. business owners and government representatives, as well as a host of Chinese business delegates from eight provinces and municipalities.
A trade fair in Beijing has shown that China is steadily steering toward knowledge and technology-intensive services.
The IEEE, a global technical organization under fire for banning employees of Chinese communications company Huawei from participating in its academic activities, such as editorial and peer reviews has lifted the restriction.