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Tag Archives: China
Why India is Winning the Entrepreneurial Battle with China
Op-Ed Commentary: Chris Devonshire-Ellis Jun. 10 – As China and India continue to show some of the world’s fastest GDP growth rates, both are also undergoing huge demographic changes. In some ways, there are similarities between the two, yet in others, completely opposite positions exist. Understanding these subtleties is key to working out where future innovation, talent and growth will come from. In terms of similarities, it is interesting to note that 20 years ago, the average age of a worker in China was 23. That is now the age of the average worker in India today, while the average … Continue reading
Germany Pledges Support for China in European Trade Dispute
By Nick Ottens Jun. 4 – German chancellor Angela Merkel on Sunday promised to intervene on China’s behalf in its dispute with the European Union over the import of solar panels, deepening an economic relationship that already accounts for nearly $200 billion in global trade. “Germany will do what it can so that there are no permanent import duties and we’ll try to clear things up as quickly as possible,” Merkel told reporters after meeting her Chinese counterpart Li Keqiang in Berlin. “We don’t believe that this will help us so we want to use the next six months intensively.” … Continue reading
India-China Relations Strengthened Through Investment Agreements
May 22 – Chinese Premier Li Keqiang has recently met with Indian Prime Minister Manmohan Singh in New Delhi, the first trip abroad for Premier Li in an official capacity. The two world leaders discussed India-China relations, as well as penned several agreements designed to foster investment and trade between the two nations. “The purpose of my current visit to India is three-fold; to increase mutual trust, to intensify cooperation and to face the future,” said Premier Li. Indian officials welcomed Premier Li on his first trip oversees since taking office in March, acknowledging the importance of his visit. “We … Continue reading
China’s Provincial GDP Figures in 2012
Three-fourths of China’s provinces reported GDP figures over RMB1 trillion (US$163 billion) in 2012 By Yao Lu May 21 – According to preliminary data released by China’s National Bureau of Statistics, the country’s economy expanded 7.8 percent in 2012 amid the sluggish global economy, reaching RMB51.9 trillion (US$8.45 trillion). The growth rate, although the slowest since 1999, still beats the government’s 7.5 percent growth target. In the fourth quarter of 2012, the country’s economic growth reached 7.9 percent, putting an end to seven consecutive quarters of slowdown, up from 7.4 percent in the third quarter and 7.6 percent in the … Continue reading
Calculated Political Tension at China-India Mountain Border
In the Himalayas, two great powers are blaming each other for stirring tension. India says Chinese troops crossed the Line of Actual Control, the de facto border there. China claims it was merely responding to earlier intrusions carried out by Indian border guards. We don’t know who is speaking the truth. But “calculated” political tension has emerged. Continue reading
China’s Investment in Europe Continues to Rise
Apr. 29 – Chinese companies increased their investments in Europe by as much as 21 percent in 2012, solidifying its position as the main destination of Chinese Outward Foreign Investment (ODI). In total, Europe was the recipient of US$12.6 billion of Chinese investment last year, which now represents approximately 33 percent of all Chinese ODI. The rationale for increasing investment in Europe is attributed to a convergence of multiple factors. The current problems affecting European economies have led many enterprises to be in need of fresh capital, as regional sources of capital have dried up. In addition, lingering uncertainty over … Continue reading
The Emergence of Vietnam and India as China Alternatives
China is not the only solution for export-driven manufacturing, and Asia’s trade evolution is determining that business models move on for adventures elsewhere. By Chris Devonshire-Ellis, Principal, Dezan Shira & Associates Apr. 9 – At the turn of the 21st Century, there were two main schools of commercial thought with regards to China. The most popular was that China represented a massive market to sell to with roughly 1.3 billion potential consumers. The second was that China had a young, available and inexpensive work force that was relatively skilled and disciplined. While the latter has proven the dominant economic driver … Continue reading