By Alfred Romann
China’s auto market offers a great case study for much of what is happening with China’s economy.
Like much of China’s broader economy, the market is slowing. Sales have been dropping steadily for the last few months. In fact, total vehicle sales fell 10.1 percent year-on-year in October and 0.9 percent month-on-month. Trade tensions and consumer concerns both play a role in the slowdown. A completely predictable and totally natural slowdown after years of ridiculous growth also play into it.
5 December 2016
Not so much a shift in policy but a growing trend
There has been so much discussion of the United States pivot to Asia that few people have stopped to consider the implications or the success of China’s own pivot to America.
China already wields enormous influence in Asia through its size and its adroitness at negotiating, buying or bullying its way to goodwill among its partners – much like every other player on the geopolitical landscape. It has or is part of free trade agreements that include just about every country in the region.
22 November 2016
The “man on the street” will be the biggest loser
All the talk that has erupted in the past couple of weeks about possible trade wars between the United States and China has been interesting in the way that a soap opera is interesting: lots of drama with little link to reality.
Sure, it is easy to use China as a scapegoat. A place that is conveniently far away and too big to understand. It is easy to say “look, it is China’s fault and we will put the hurt on them and things will be lovely all around”. If only that were true.
17 September 2015
Companies are narrowing the gap
China is not a powerhouse of innovation, yet, but it is certainly trying to pay its way into that particular status. This willingness to spend in R&D – to pay to talent, buy innovative companies and seek out new technologies – is particularly visible in the pharmaceutical and biotechnology space. And it is working.
6 October 2014
HONG KONG, China. Eight days into the protests that have shut down entire neighbourhoods of the city, things are looking… ah… complicated.
The government has been adamant that it wants work and school to resume on Monday. The protesters have said that they are ready to talk, or ready to keep protesting, or not ready to talk unless new demands are met, or keen to get back to the streets en masse. It is really hard to tell.