The Bank of China was honored to continue its support of the China-California Business Forum. Held on May 20 at the Millennium Biltmore Hotel in Los Angeles, this year's forum focused on economic synergy, technological innovation, and sustainable development. Shanghai, the Guest City of Honor, was represented by Mayor Gong Zheng, who highlighted key projects and the importance of deepening cooperation for mutual benefit. Hu Wei, CEO & President of Bank of China U.S.A. and Chairman of CGCC USA, emphasized our commitment to building bridges between U.S. and Chinese businesses. It is a privilege to sponsor this event and support initiatives that foster global trade and collaboration. Read more here: https://lnkd.in/eN483v3T #ChinaCaliforniaBusinessForum #BankOfChina #EconomicCooperation #SustainableDevelopment #Innovation #GlobalTrade
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China’s State Administration of Foreign Exchange reported that foreign businesses withdrew a record $15 billion in direct investments (net basis) from the country in Q2’24, representing just the second time the figure has been negative, according to Bloomberg. Foreign business investment into China has declined sharply in recent years amid an economic slowdown and rising geopolitical tensions. The metric totaled merely $33 billion in 2023, just two years after soaring to a record $344 billion in 2021.
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Intercultural leadership coach for executives & expats | author of Dragon Suit | keynote speaker | East-West Leadership
In my latest YouTube video, I itemise four major shifts in the world and in China that leaders of East-West businesses must bear in mind to survive and thrive in post-pandemic #China. The world is changing: The pandemic split the world into camps, including supply chains, talent supply and the technology each camp uses for business. If it seems hard to work across camps, it will get harder as a culturally agile generation of managers gives way to less mobile young successors. China is changing: The pandemic lasted longer in China than in most major economies. It also resulted in dramatic shifts in income, politics, the corporate landscape and drove a wedge between technology used in China and the rest of the world. The world's attitude to China is changing: China reopened for business but foreign firms and expats haven't started flowing back. Reasons include China's bad reputation in foreign media, new opportunities elsewhere, the ease of running China businesses remotely and the fact that people dislike moving back-and-forth. China's attitude to the world is changing: China became resentful and suspicious, both of foreign expats and nations. It actually celebrated a selective departure of foreigners until it discovered its dangers. Recent measures to attract foreign talent (visa-free entry, easier company registration) may not be able to reverse the trend. Practical suggestions: Business with post-pandemic China requires a 'replan' rather than a 'return'. - Strategy tools like "China-for-China", and manager localisation have important limitations and become shorter-term than hoped. - Foreign firms doing business in/with China must stay connected with global finance, talent, ideas and opportunities: that's their advantage over local competition. - They must have the right technology and people to bridge widening gaps between China and the world. Let us know what you think:
Leading foreign firms to success with post-pandemic China
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In my latest YouTube video, I itemise four major shifts in the world and in China that leaders of East-West businesses must bear in mind to survive and thrive in post-pandemic China. The world is changing: The pandemic split the world into camps, including supply chains, talent supply and the technology each camp uses for business. If it seems hard to work across camps, it will get harder as a culturally agile generation of managers gives way to less mobile young successors. China is changing: The pandemic lasted longer in China than in most major economies. It also resulted in dramatic shifts in income, politics, the corporate landscape and drove a wedge between technology used in China and the rest of the world. The world's attitude to China is changing: China reopened for business but foreign firms and expats haven't started flowing back. Reasons include China's bad reputation in foreign media, new opportunities elsewhere, the ease of running China businesses remotely and the fact that people dislike moving back-and-forth. China's attitude to the world is changing: China became resentful and suspicious, both of foreign expats and nations. It actually celebrated a selective departure of foreigners until it discovered its dangers. Recent measures to attract foreign talent (visa-free entry, easier company registration) may not be able to reverse the trend. Practical suggestions: Business with post-pandemic China requires a 'replan' rather than a 'return'. - Strategy tools like "China-for-China", and manager localisation have important limitations and become shorter-term than hoped. - Foreign firms doing business in/with China must stay connected with global finance, talent, ideas and opportunities: that's their advantage over local competition. - They must have the right technology and people to bridge widening gaps between China and the world. Let us know what you think:
Leading foreign firms to success with post-pandemic China
https://www.youtube.com/
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What factors should you consider when doing business in China in 2024? We have outlined 4 critical considerations for businesses navigating the Chinese market this year. Click here to read more: https://lnkd.in/dB8NAv67 #dbic #china #2024opportunities
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Pragmatism amidst challenges in US-China relations The recent visit of US Treasury Secretary Janet Yellen to China has stirred discussions on the evolving dynamics between the two economic powerhouses. Amid heightened tensions and rhetoric surrounding issues like trade imbalances and technological competition, Yellen’s visit underscores the importance of pragmatic engagement in fostering constructive dialogue and understanding. Yellen’s decision to commence her visit in Guangzhou, a burgeoning hub of technological innovation, highlights the significance of China’s economic landscape. The meetings with representatives from various sectors reflect a pragmatic approach aimed at gaining insights into China’s business environment and exploring avenues for collaboration. One focal point of discussions has been the purported “Chinese overcapacity” in sectors such as electric vehicles (EVs) and clean energy—a characterization challenged by Chinese Vice Premier He Lifeng. He https://lnkd.in/gFtbdQ9b
Pragmatism amidst challenges in US-China relations
http://ozarab.media
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China moves to create first-class business environment in Beijing-Tianjin-Hebei region China's top economic planner unveiled a three-year action plan on Monday to create a first-class business environment in the Beijing-Tianjin-Hebei region, especially the Xiong'an New Area. Over the next three years, China expects to remove barriers hindering the flow and allocation of production factors, improve services for trade, investment and government affairs, and lower institutional transaction costs in the region, according to the National Development and Reform Commission. The plan aims to further regulate the region's market environment and address the issues of local protectionism and market fragmentation by optimizing business registration management, strengthening collaboration in fair competition review, and enhancing intra-region innovation cooperation. Efforts will also be made to protect the legitimate interests of business entities in the region, unify regulatory enforcement standards and deepen judicial cooperation, it said. #Tianjin #businessenvironment #Beijing #Xiongan
China moves to create first-class business environment in Beijing-Tianjin-Hebei region
udfspace.com
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Senior Research Manager at HSRC focusing on AI, Fintech, the Digital Divide, BRICS Research, and SDG achievement
🌍🤝 New Blog Alert: Establishing Partnerships with China - The Crucial Role of Ministerial Support [#PartnershipBuilding #InternationalRelations #SouthAfricaChina #Innovation] 🚀 Post #5 of my series is out and it's a must-read for those intrigued by the dynamics of international partnerships, especially between South Africa and China in the incubator sector. Again this is informed by recent discussions with stakeholders in the sector. 🔍 In "Establishing Partnerships with China: The Crucial Role of Ministerial Support," we dive into why high-level government involvement is not just beneficial but essential in forging successful partnerships with Chinese counterparts. 💼 The post explores the nuanced dance of diplomacy and strategy needed when South African incubators engage with one of the world's leading technological giants. From ministerial backing to addressing domestic challenges, we discuss how these elements collectively create a fertile ground for sustainable cooperation. 🌐 We also delve into the operational frameworks, addressing the key aspects from sector-specific focus to navigating cultural differences, and ensuring robust diplomatic support structures. 📈 This is more than just a partnership; it's about aligning innovation with global market opportunities, enhancing South Africa's economic resilience and competitive edge on the world stage. https://lnkd.in/dMymQVvu
Establishing Partnerships with China: The Crucial Role of Ministerial Support
incubatorpartnerships.blogspot.com
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Taiwan seems to be following the same path as American, European, and Japanese business. For much the same reasons as these others, the island’s powerful business community has taken steps to diversity its investing, trading, and sourcing away from China and toward Southeast and South Asia. Some Taiwanese investment has even gone to the United States. Beijing cannot be happy about these trends. With China’s economy already weak, now is a worst time to lose the support that Taiwanese business has provided for decades. #TSICommentaries #TSIWeekly20240623 #TSICrossStrait #TSIChinaFP #TSITaiwanFP #TSITaiwanEconomy #TSIEconomicStatecraft #TSIUSTaiwan
Taiwan: Rapidly Moving Away From China
social-www.forbes.com
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🌐 On January 18, the Flanders-China Chamber of Commerce (FCCC) held a webinar focused on “China - Business Strategies for 2024 and Beyond”. 💼 🎙️ Our speaker, Mr Jan Borgonjon, President, InterChina | Strategy | Corporate Finance, gave a presentation on InterChina’s views on the new strategic and corporate roadmap for foreign companies in China, drawing from its recent survey of nearly 300 senior executives in China and conversations with over 100 global CEOs and executives. Mr. Borgonjon discussed how companies perceive the investment environment, the balance between opportunity and risk for their business in China, and what is required to succeed in China. He followed this with best practices on how to do it, emphasizing the need for companies to adopt a 'New China Playbook.' 60% of the multinational corporations mentioned China remains a huge priority. This webinar was moderated by Ms Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce (FCCC). 🔍To find out more, contact us on [email protected] Stay tuned for more engaging events and valuable insights from the Flanders-China Chamber of Commerce (FCCC) ✨📅 Visit our website www.flanders-china.be #China #Belgium #Flanders #investment #trade #Webinar #FlandersChinaChamber #ChinaTrade #InvestingInChina #DoingBusinessWithChina #EuropeanCompaniesInChina #InterChina #InterChinaConsulting
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📉 EU Companies Cautious About China Investments Amid Xi's Tour 🌍 European companies remain skeptical of China's market despite President Xi's diplomatic tour. Economic slowdown, trade disputes, and regulatory challenges hinder investor confidence in the region. #China #Europe #Economy #Investment #TradeRelations 🔗 Xi Europe Tour: EU Companies' China Investment Confidence Low https://lnkd.in/e7wQcYdR
Xi wants to boost trade and investment between Europe and China. It won't be easy.
businessinsider.com
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