The odd couple Oct 18, 2019 (WiC 470)
“The Americans seem determined to decouple with China. China has seen it happening, and has realised that it can decouple because its economy is large enough”
Banyan Tree boss Ho Kwon-ping tells a Forbes forum in Singapore that the world’s two largest economies will decouple not only in areas of trade and investment but also intellectual property. The Asian hotel boss was also sceptical that a final deal would emerge to end the trade war.
Re-engaging China Oct 4, 2019 (WiC 469)
“If the Chinese believe all we’re trying to do is contain them, there is no incentive to find common ground. That’s why it’s so important to be engaging them on some of today’s most important economic issues”
Former US Treasury Secretary Hank Paulson discusses his involvement in the Bloomberg New Economy Forum which will be held in Beijing late next month. He told the New Yorker he was initially dubious about ‘yet another conference’ till he heard Chinese leaders were receptive and that CEOs of major global firms were willing to fly to Beijing to attend.
Home sweet home Sep 27, 2019 (WiC 468)
“China’s home furniture market is growing very fast, at double digit rates. It’s the most strategic market for IKEA worldwide”
Anna Pawlak-Kuliga, IKEA’s top executive in China, tells the Financial Times it is investing $1.4 billion in the next year to open new Chinese stores – pushing into third-tier cities as it expands its 27-outlet footprint. IKEA has also opened a product development centre in the country – its first outside Sweden – to design products tailored for Chinese consumers.
A winning strategy? Sep 20, 2019 (WiC 467)
“China thinks I’m going to win so easily, and they’re concerned because I told them, if it’s after the election, it’s going to be far worse than what it is right now”
President Trump tells journalists this week that his re-election makes a trade deal with China likely before next November. Trump promised “the greatest deal ever made” and said that China was already “starting to buy our farm products, big league”.