These last weeks, Mr Trump is not talking about coronavirus anymore. Now he is talking about the Chinese virus, or the Chinese coronavirus. This small change will have huge consequences.
One of the most important aspects of Chinese culture is Face. It’s difficult to translate because we don’t have this concept in western culture, and some people mistakenly simplify by translating
Imagine for a moment that we turn all our attention to COMMON flu (yes, our old well known friend): News outlets begin counting all infected, one by one, and all dead, and keep track on front pages. Social media amplifies and exaggerates the news. Citizens get worried. Governments react and cancel trade shows, football games, shut down entire regions….
If you have been to a wet market in China, you can not be too surprised when they tell you that the Wuhan Coronavirus, the new pandemic spreading through China, did originate in one of these markets. There is a lot of talk about the wet market in Wuhan, but it’s only one of thousands. I have been in many,
As I explained in my last POST, I have spent some days in China and Hong Kong visiting our offices, factories and some raw material and component suppliers. I had read a lot about the situation in Hong Kong before the trip, and all my Chinese friends and suppliers were telling me not to go because it
Just back from China where I had a very interesting talk with a friend about Zhima credit. I had heard about it, but it’s becoming really scary, what he explained left me astonished… We went to a posh restaurant in Shanghai and we got a really nice table, and he explained it was because he had a good Zhima credit
Is this the beginning of a new trade war? Maybe.
Trump is a bully and this is his way of negotiating, from the old book: set a super high target, and from there you negotiate down.
Western countries trade with China is unfair, which causes a lot of unbalances. Blocked markets to help local titans, mandatory tech transfer to enter the Chinese
A few weeks ago I went to visit some new factories with a client. We had a tight trip, 15 factories in 5 days. These factories had been pre screened by our Hangzhou office but, as always, you don’t really know a factory until you visit it.
We visited one of the factories, in Guangdong province, and we had a suprise
Hoy ha empezado en Beijing la octava edición del SED (strategic economic dialogue), una serie de reuniones entre USA y China donde se discute de un amplio rango de asuntos. Fué establecido por Obama y el anterior presidente chino, Hu Jintao, y se desarrolla anualmente, alternativamente en Beijing y Washington. Atienden los más altos cargos de los dos países, pero los
So, China joined the SDR. Not a big suprise… as we already explained in this post, one of the reasons behind the devaluation of the yuan some monthes ago was to give Christine Lagarde and the IMF an excuse to include the chinese currency in the SDR basket.
To summarize, the SDR is a reserve asset created
As I have explained in other posts, pollution is one of the main concerns of Chinese citizens. In one of the last trips I took to China I went to Handan city in Hebei province, a heavy industrial area. Visibility was less than 30 metres because of pollution, we could barely see the cars in front of us