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What repairs can you really do on the side of the road with only a tool kit? Will Chinese bikes force Japan to compete? If you truck your bike out of town, where should you park while you ride? All these questions and more… plus a special present from a listener that has Zack & Spurg cry laughing… on this episode of Highside Lowside. Check out more from RevZilla: Common Tread: News, opinions, and written reviews RevZillaTV: Bike reviews, How-To's, and product videos
Adrian and Renaud are back to examine the recent May 14th news of new China tariffs being implemented by the Biden administration with the overall aim of reducing trade with China whom many in America see as flooding the market with cheap exports that damage American businesses who can't compete. EVs, solar panels, medical devices, steel and aluminum, and more are in the firing line. So, how does this affect US importers and the relationship between the two giants? Let's find out... Show Sections 00:00 - Greetings and introduction 03:26 - When did China tariffs start being used? 09:46 - Why add more tariffs now? 16:20 - What does China have to say in response to this? 20:45 - Which products and materials have been given these tariffs? 29:51 - The USA's target areas for improvement. 33:06 - Will Chinese companies find other customers instead? 36:36 - If you're an American buyer likely to be affected by these tariffs, what can you do? 39:51 - Wrapping up. Related content... U.S. Trade Representative Katherine Tai to Take Further Action on China Tariffs After Releasing Statutory Four-Year Review He Helped Trump Remake Global Trade. His Work Isn't Done. Has the US declared economic war on China? ”Enterprise China” – China's Strategy for Economic Success (Author Interview with Drs. Allen J. Morrison & J. Stewart Black) Get in touch with us Connect with us on LinkedIn Send us a tweet @sofeast Prefer Facebook? Check us out on FB Contact us via Sofeast's contact page Subscribe to our YouTube channel Subscribe to the podcast There are more episodes to come, so remember to subscribe! You can do so in your favorite podcast apps here and don't forget to give us a 5-star rating, please: Apple Podcasts Spotify TuneIn Amazon Podcasts Deezer iHeartRADIO PlayerFM Listen Notes Podcast Addict Podchaser
Fed rate-cut speculators rest hopes on US inflation data. After dovish BoE, pound traders turn to UK job numbers. Will a strong labor market convince the RBA to hike? Will Chinese data revive economic concerns?Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.
Global stock markets have been jittery in recent weeks owing to the economic turmoil that is erupting within China. A Chinese media outlet recently reported that China plans to allow local governments to sell 1.5 trillion yuan ($205.9 billion) of special financing bonds to help 12 regions repay debt. The report added that the People's Bank of China may even set up a special purpose vehicle with banks to provide low-cost and long-term liquidity to local government financing vehicles. So how are investors coping with the spiralling state of China's economy? On Money in the Market, Emaad Akhtar speaks to Wong Kok Hoong, Head of Equity Sales Trading, Maybank Securities, to find out more. Highlights: 02:16 - Will Chinese lenders continue to boost loans to support China's economy recovery?02:49 - Were China's 1-year and 5-year loan prime rate numbers surprising? 04:56 - Global investors are de-risking their Chinese portfolios. Is this an alarming sign for the health of the world economy?06:29 - Will equity benchmarks continue to experience negative trends?08:23 - What can be expected from the Jackson Hole Symposium?See omnystudio.com/listener for privacy information.
This week, the Chinese yuan declined to its lowest level in 9 months following the release of grim economic data that added to concerns about weakening growth. China's major state-owned banks were reportedly seen selling US dollars to snap up yuan in both onshore and offshore spot markets, with the measures aimed primarily at helping the currency recover. The People's Bank of China also set the fixing for the yuan at 7.2 per dollar on Thursday. So what is the near-term future outlook for the yuan, and how will a further fall impact other regional currencies? Will Chinese assets become less attractive to overseas investors if this is the case? On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist, UOB, to find out more. See omnystudio.com/listener for privacy information.
We've just past the half way point of the year and the Seatrade Maritime Podcast takes stock of movements in shipping markets over the first six months of 2023 and looks ahead at expectations for the remainder of the year.In this episode listeners will hear from a panel of analysts from Maritime Strategies International (MSI) discussing the macro-economic outlook for shipping, the container sector, dry bulk, tankers, and shipbuilding in the second half of 2023.Joining Seatrade Maritime News Editor Marcus Hand in conversation about shipping markets are Adam Kent, Daniel Richards, Plamen Natzkoff, and Tim Smith from MSI.Hear from the experts on their opinions about where different sectors are headed and learn the answers to questions including:Have container markets normalised and what will be the impact of newbuilding deliveries?Will Chinese demand provide support for a sluggish dry bulk market?Are tanker markets set to remain volatile?Newbuilding order volumes rebounded in the first half of 2023 - is this trend set to continue?Listen now and get ahead on the outlook for shipping in the second half of 2023 in just 45 minutes.If you enjoyed this episode, please subscribe to ensure you don't miss our latest uploads. Feel free also to recommend the show to a friend or colleague that you think would enjoy it. For the latest news on the shipping and maritime industries make sure you visit www.searade-maritime.com or subscribe to our newsletter.Connect with Marcus Hand, Editor of Seatrade Maritime News:Follow him on Twitter: https://twitter.com/marcushand1 Connect with him on LinkedIn: https://www.linkedin.com/in/marcus-hand-b00a317/Don't forget to join the conversation and let us know what topics you want us to cover in future on Twitter, Facebook or LinkedIn
Thailand. China, India & Russia. Visa Backlogs. Indonesia's Air Sector. A Short-Term Rental Ban. Taylor Swift & Coldplay. High-Speed Rail. Love the Philippines. What connects the dots? All feature in our round-up of South East Asia's Top 10 talking points from the first half of 2023. As the region moves on from its first full half year of travel since 2019, Gary and Hannah discuss the key issues and vital takeaways. Plus, we forecast some of the hot issues to watch in the second half of the year. Will we see a slowdown in intra-regional pent up travel demand? Will Chinese tourists stream into South East Asia in larger numbers? Can regional airports cope if they do? Will long-haul air fares stay as high as they are right now? How will depreciating currencies impact inbound and outbound travel? And should we finally cast off the shadow of the "return to 2029 levels" recovery benchmark?
In its midyear outlook, HSBC Asset Management said the U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024.” These recessionary fears, coupled with geopolitical uncertainties, haven't been music to the ears of US equities, which posted their worst week since March last week. So can we expect US equities to rebound? Asian markets as well have been jittery. China's CSI 300 Index, which tracks the 300 most valuable stocks on the Shanghai and Shenzhen exchanges, has dropped nearly 9.3 per cent from a January high. Will Chinese stocks stage a recovery in the second half of 2023? On Money in the Market, Emaad Akhtar speaks to Danish Lim, Market Analyst, Phillip Nova, to find out more.See omnystudio.com/listener for privacy information.
I'm trying something new. Each week I'm going to recap my favorite stories from the past week as well as our discussion during the weekly live stream. I'll fill in some of my opinions on the topics, throw an interview in here or there, and see where it goes from here. Hope you enjoy it. New York City opening up to drone use Since the product came on the scene, New York City has had a de facto ban on drones. The city law bans take-offs of aircraft that don't use approved locations by the Department of Transportation or the Port Authority. That definition pretty much means only heliports or airports, which are impractical for any film crew or recreational pilot to use. However, thanks to several factors, including a lawsuit by a film production company and the need to use drones for building facade surveys, New York is "opening up" the ability for drone operators to receive flight permits. However, the permits won't be the easiest to get. No casual pilots will be getting the NYPD's stamp of approval. Here's what you'll need in the application: Name and contact information Description of purpose for the flight Take-off date, time, and location Flight plan details Details of the drone you will be flying FAA authorizations (licenses, waivers, registration, etc.) Insurance policy Data privacy and cybersecurity policies Anything else the NYPD wants Oh yeah, and this must be submitted 30 days before the "take-off." A hearing for the change in city law is scheduled for July 7. I guess we'll know more then. But is New York in the right for these sort of restrictions? Well, yes and no in my opinoin. Are these laws constitutional? No idea. New York's law is very well worded. It does not ban the flight of aircraft in its city. It just prohibits you from taking off or landing them. The law would have to be directly challenged in court with a final ruling for the precedent to be set on how other cities can regulate drones. Also, like do I need to get approval for every take-off or just once for the whole project? Cause if I'm filming a multi-day event, that's a lot of battery changes and is so unpredictable when you'll have to land and take-off again. How much regulation is too much? Here is where my mind is split on drone regulation. Can you blame NYC for wanting to keep drone flights to as few as possible? You can argue your right to fly or right to capture events with your cameras, but you have to look at it from both sides. There are some idiot drone pilots out there. In a city of almost 9 million, maybe having strict drone laws is a good thing? Now who that comes from, I think, is easy to answer, the FAA. Constitutionally the FAA has the authority to regulate airspace, no one else. I've said this often on our YouTube streams, and I'll say it again. In the right hands, drones can create beautiful things or save lives. But drones in the wrong hands can be very, very dangerous. For us normie pilots out here that just want more places to fly, trust me, I'm with you, my city also has a similar ban to New York's, and the best bet is to continue to be good pilots. We should continue to follow the laws, be active in our community, and hopefully be good stewards that open local officials up to friendlier regulations. Or we all run for office, take over the FAA from the inside, and create a new drone world order. I'm joking, I'm joking... ish. Will Chinese bans force US innovation? Let's talk about the hottest form of regulation going on in the US at the moment. There are several of these flying around, with plenty already in effect. Florida banned Chinese-made drones for its agencies earlier this year, and of course, there's the DoD's Blue UAS list. There are more coming. The Senate is working on a bill that will ban the FAA from using federal funds to purchase drones from a list of countries, including China. Then, of course, there is the sentiment around anything Chinese being bad and must be banned, like TikTok. If we want to see the future of bans on Chinese drones, we will have to see if TikTok's regulatory issues succeed. Both have very similar qualities to them. Both arguments lack concrete evidence and rely on the Chinese fear of the people and "national security concerns." Finally, they are both set up for some sort of legal challenge. TikTok's bans are way more mainstream, and I suspect those will be challenged long before any Chinese drone law is. We'll have to wait and see what would come of any potential TikTok ban challenge, but if the ban sticks, then I can see the drone bans continuing. If TikTok's ban can be challenged and overturned, then I don't see why these Chinese bans couldn't be challenged either. But this could take a while, maybe years, and business has to continue. Many agencies forced to move to US-made drones have complained of limitations compared to those from China, like DJI. Can the US market take advantage of the bans? It's time for the US drone sector to step up. The federal and some state governments have literally handed them dominance in the US market on a silver platter. Sadly, when governments spoon-feed success to companies, it usually doesn't go over well. Is there another option? Well, I have a hunch that instead of US companies stepping up and becoming powerhouses, the existing leaders might make the hop over the pond and set up shop here. DJI is out of the question. Like Bytedance (TikTok's parent company), DJI's roots are in China and have too many ties there. Autel, on the other hand, could. Autel already has a US foothold through its automotive wing and wants to compete with DJI in the enterprise market. What better way to get ahead of DJI than doing what they cannot and embracing the US market and move? Now I make it sound effortless, but I remember asking Autel CEO Maxwell Lee about it at CES this year, and he didn't shoot it down right away. It didn't sound like it was something he wanted to do, but he acknowledged it was possible. Anyways, the regulation space is not a fast-paced one, so I'm sure we will have a chance to retouch this topic again. https://www.youtube.com/watch?v=ib-rzXeVDFY
I'm trying something new. Each week I'm going to recap my favorite stories from the past week as well as our discussion during the weekly live stream. I'll fill in some of my opinions on the topics, throw an interview in here or there, and see where it goes from here. Hope you enjoy it. New York City opening up to drone use Since the product came on the scene, New York City has had a de facto ban on drones. The city law bans take-offs of aircraft that don't use approved locations by the Department of Transportation or the Port Authority. That definition pretty much means only heliports or airports, which are impractical for any film crew or recreational pilot to use. However, thanks to several factors, including a lawsuit by a film production company and the need to use drones for building facade surveys, New York is "opening up" the ability for drone operators to receive flight permits. However, the permits won't be the easiest to get. No casual pilots will be getting the NYPD's stamp of approval. Here's what you'll need in the application: Name and contact information Description of purpose for the flight Take-off date, time, and location Flight plan details Details of the drone you will be flying FAA authorizations (licenses, waivers, registration, etc.) Insurance policy Data privacy and cybersecurity policies Anything else the NYPD wants Oh yeah, and this must be submitted 30 days before the "take-off." A hearing for the change in city law is scheduled for July 7. I guess we'll know more then. But is New York in the right for these sort of restrictions? Well, yes and no in my opinoin. Are these laws constitutional? No idea. New York's law is very well worded. It does not ban the flight of aircraft in its city. It just prohibits you from taking off or landing them. The law would have to be directly challenged in court with a final ruling for the precedent to be set on how other cities can regulate drones. Also, like do I need to get approval for every take-off or just once for the whole project? Cause if I'm filming a multi-day event, that's a lot of battery changes and is so unpredictable when you'll have to land and take-off again. How much regulation is too much? Here is where my mind is split on drone regulation. Can you blame NYC for wanting to keep drone flights to as few as possible? You can argue your right to fly or right to capture events with your cameras, but you have to look at it from both sides. There are some idiot drone pilots out there. In a city of almost 9 million, maybe having strict drone laws is a good thing? Now who that comes from, I think, is easy to answer, the FAA. Constitutionally the FAA has the authority to regulate airspace, no one else. I've said this often on our YouTube streams, and I'll say it again. In the right hands, drones can create beautiful things or save lives. But drones in the wrong hands can be very, very dangerous. For us normie pilots out here that just want more places to fly, trust me, I'm with you, my city also has a similar ban to New York's, and the best bet is to continue to be good pilots. We should continue to follow the laws, be active in our community, and hopefully be good stewards that open local officials up to friendlier regulations. Or we all run for office, take over the FAA from the inside, and create a new drone world order. I'm joking, I'm joking... ish. Will Chinese bans force US innovation? Let's talk about the hottest form of regulation going on in the US at the moment. There are several of these flying around, with plenty already in effect. Florida banned Chinese-made drones for its agencies earlier this year, and of course, there's the DoD's Blue UAS list. There are more coming. The Senate is working on a bill that will ban the FAA from using federal funds to purchase drones from a list of countries, including China. Then, of course, there is the sentiment around anything Chinese being bad and must be banned, like TikTok. If we want to see the future of bans on Chinese drones, we will have to see if TikTok's regulatory issues succeed. Both have very similar qualities to them. Both arguments lack concrete evidence and rely on the Chinese fear of the people and "national security concerns." Finally, they are both set up for some sort of legal challenge. TikTok's bans are way more mainstream, and I suspect those will be challenged long before any Chinese drone law is. We'll have to wait and see what would come of any potential TikTok ban challenge, but if the ban sticks, then I can see the drone bans continuing. If TikTok's ban can be challenged and overturned, then I don't see why these Chinese bans couldn't be challenged either. But this could take a while, maybe years, and business has to continue. Many agencies forced to move to US-made drones have complained of limitations compared to those from China, like DJI. Can the US market take advantage of the bans? It's time for the US drone sector to step up. The federal and some state governments have literally handed them dominance in the US market on a silver platter. Sadly, when governments spoon-feed success to companies, it usually doesn't go over well. Is there another option? Well, I have a hunch that instead of US companies stepping up and becoming powerhouses, the existing leaders might make the hop over the pond and set up shop here. DJI is out of the question. Like Bytedance (TikTok's parent company), DJI's roots are in China and have too many ties there. Autel, on the other hand, could. Autel already has a US foothold through its automotive wing and wants to compete with DJI in the enterprise market. What better way to get ahead of DJI than doing what they cannot and embracing the US market and move? Now I make it sound effortless, but I remember asking Autel CEO Maxwell Lee about it at CES this year, and he didn't shoot it down right away. It didn't sound like it was something he wanted to do, but he acknowledged it was possible. Anyways, the regulation space is not a fast-paced one, so I'm sure we will have a chance to retouch this topic again. https://www.youtube.com/watch?v=ib-rzXeVDFY
Matt and Nic return for another week of deals and news. In this episode: Token disclosure practices Matt tries pickleball Sequoia is breaking up into parts Will Chinese and American capital markets be severed? What's in the proposed House market structure bill? Coinbase sues Coinbase and Binance How does the SEC think BUSD is a security? The SEC approves Prometheum as a crypto broker dealer Prometheum's CCP ties Did Gensler solicit Binance to advice them before he ran the SEC? What's going on with Prime Trust? Content mentioned: Tommy Tuberville in the WSJ, Crypto communism has a new meaning Sponsor notes: Coin Metrics STATE OF THE NETWORK - Token Unlocks & Free Float Supply Shocks in Digital Asset Markets In this issue of Coin Metrics' State of the Network, we analyze the impact of token unlocks and free float supply shocks through the lens of various unlock events to explore the behavior of participants under different market conditions
Will Chinese graduates choose to head for the villages? Why are so many olive trees dying? And are private jets too popular for the planet's good? Olly Mann and The Week delve behind the headlines and debate what really matters from the past seven days. With Cindy Yu, Holden Frith and Leaf Arbuthnot
Our #intled #livechat answers 3 questions: How are numbers looking for fall '23? Will Chinese students return to the US? And what is transnational education? #MidweekRoundup
The latest data out of China shows the slowdown deepening. The People's Bank of China has bucked the trend in the rest of the world by cutting interest rates. Will Chinese authorities also be forced to reconsider their zero covid stance? Plus, Australian unemployment falls again but wages remain sluggish and UK inflation hits double digits.
China's digital yuan is a form of central bank digital currency (CBDC) which many other central banks around the world are also working on. Chinese authorities are now stepping up their ambition to expand the use of e-CNY after a trial at this year's Winter Olympic in Beijing. Chris Cash is joined by Ananya Kumar, Assistant Director of Digital Currencies at the Atlantic Council's GeoEconomics Center, to discuss the growth trajectory of the digital yuan and its domestic and geopolitical implications. Will Chinese citizens buy into the digital yuan? What impact will its roll out have on financial stability in China? How will a digital currency aid China's internationalisation of the RMB and reduce dependence on dollar-denominated transactions? You can read Ananya's paper on the digital yuan, or e-CNY, here. The Atlantic Council has also released a newly-updated Central Bank Digital Currency tracker.
In this episode, we go deep into the crisis at Chinese real estate giant Evergrande and examine the reasons and fall-out. The property developer's debt woes have made headlines around the world, and sparked broader fears about the state of China's real estate market, which is a key driver of growth in the world's second largest economy. Will Chinese authorities be able to contain the Evergrande crisis? Are there likely wider ramifications for China's economy, as well as for countries, including India, which counts on China as its largest trading partner with a trading relationship predicated on continued Chinese appetite for commodities? What do the Evergrande crisis, as well as the moves to address the debt problem, tell us about Xi Jinping's broader goals for China's economy? We also discuss other significant recent regulatory moves by Chinese authorities taking aim at the private sector, from the investigations into the Alibaba group and Tencent, to the crackdown on the private education sector, to ask how Xi is remaking China's economy. Guest: Dexter Roberts, Senior Fellow at the Atlantic Council's Asia Security Initiative, author of "The Myth of Chinese Capitalism" Host: Ananth Krishnan, China correspondent, The Hindu Episode Notes The Hindu Profiles, Evergrande | The 'grey rhino' of China's property boom
Crack Santa returns! Can American and the rest of the West kick it's addiction to cheap electronics? For that matter, can China kick its addiction to exploiting it's citizen's for a source of cheap labor. Will Chinese companies continue to operate under the terms of a knockoff hybrid between The Lord of the Rings and Lord of The Flies; or will they continue to believe that there can only be "One Stamp To Rule It All"? Although the evacuation of Afghanistan is "complete", the political arguments on social media begin to heat up. More and more misinformation begins to spread. As lines are drawn, and sides are taken, some harsh realities being to set in. Texas...WTF. #ChineseMagicStamp #ARM #NVidia #misinformation #abortion #nopermitnoproblem #toughpilltoswallow #donttreadonme #Austincalling #CrackSantaSaviours #ReturnOfTheCrackSanta #BugOut #TexasWTF
Will Chinese companies really be forced off of US stock exchanges because they cannot fulfill certain US audit requirements? The Public Company Accounting Oversights Board (PCAOB) is tasked with essentially auditing the auditors of public companies trading in the US. For Chinese companies which have listed on NASDAQ and NYSE, PCAOB has never been able to do this, and we're now approaching a hard 3 year timeline where these companies may be forced out. We talk to the former Head of Enforcement for PCAOB, Claudius Modesti, who has negotiated this bilateral issue with China's CSRC and Ministry of Finance. If a compromise is possible, if these companies really will be forced to leave? No one can answer this better than Claudius. Enjoy the episode.
Happy Friday! This week it's all about the great British takeaway debate, this will have you salivating throughout! Will Chinese, Indian, Pizza or Fish and Chips be the most popular? A new segment is added to this week's show where Faye and Molly give dating advice to one of their listeners. But will she take onboard what the girls suggest? This main topic is a sleepy one, so curl up in bed for this part as you may want a nap after listening. The girls discuss all things from sleepwalking, talking and weird dreams! Thanks for all the support, find us on Instagram at @breathoffreshfriday or email us at breathoffreshfriday@gmail.com :) x
Will Chinese one day unseat English to become the dominant language around the world? Jared and John discuss a paper by professor Jeffery Gil who predicts that one day it will. Guest interview is with Amani Core who provides a philosophical perspective on how Chinese shapes our view of humanity.Links from the episode:“Chinese to Rise as a Global Language” by Jeffery GilThese Violent Delights by Chloe Gong (Amazon)Thanks for listening to the podcast! Please write John and Jared a review on Apple Podcasts and they’ll give you a shout-out! They are also taking questions from listeners. If you have a question, reach them at feedback@mandarincompanion.com. Follow them on Facebook and catch their latest Chinese-learning memes on Instagram.
Chris talks with Jarod Creed, owner of JC Marketing Services from Hudson, IA. They discuss some of the driving forces behind recent market strength and some of the risks associated with those forces. They talk through some of these following questions. Will Chinese purchasing continue? South American weather? Could the funds increase their long positions? Will basis continue to be strong? Is inflation around the corner? And finally some practical considerations around finishing up 2020 sales and starting 2021 sales.
There are Chinese shoppers… and there are RICH Chinese shoppers. China now has more millionaires than the US and they are fast becoming an important target for Western brands. But how do these wealthy consumers tick? What do they care about, which marketing messages do they respond to and where? Qumin invited the one person who knows China’s high-end industry and people better than anyone: Sara Jane Ho. Sara has made it her business to educate the Chinese super-rich on Western etiquette through her finishing schools and her book, as well as her own TV-show which introduces Western lifestyles and celebrities to Chinese audiences. Do you know how to pronounce ‘Versace’ or how a game of Tennis is scored? Of course you do – tune in to hear why it matters and what this has to do with your new understanding of rich Chinese consumers.Arnold Ma, founder and CEO of Qumin, chats to Sara about:00:58 Sara’s story and her affiliation with Marc Zuckerberg03:00 2012, the year Chinese people began upgrading their lives to become citizens of the world04:19 How Sara, in line with the Chinese government’s vision, re-defined the meaning of ‘etiquette’ in China08:54 Can social disposition change fast enough to catch up with economic growth? 11:20 What drives the purchasing decisions of high net- individuals (Brand heritage or quality)12:08 Demographics of Chinese millionaires and why they are different to those in the rest of the world 15:00 What rich Chinese people spend their money on (Home design, brands, cosmetics or self-care)16:28 Will Chinese people stop buying flashy luxury brands and pay more attention to quality and craftsmanship? From peer approval to self-gratification18:00 Why short video platform Douyin (TikTok) and review/lifestyle app Little Red Book (Xiaohongshu) have become essential marketing tools to capture the attention of high net individuals 22:00 The best foreign brands in China and why they are successful24:31 Where Sustainability stands on Chinese consumer’s priority lists26:10 The rise of affordable luxury 28:24 Why Chinese people are starting to look domestically for luxury products (Bosideng example) 30:21 What Chinese brands can learn from Western brands 32:44 What’s The Future?! Is the Chinese growth is slowing down and do brands need to stop relying on Chinese consumers? If you like this episode, follow us/subscribe for more. You can also watch the full video on YouTube: https://youtu.be/L0JUTDTSx0M Feel free to contact us on China.WTF@qumin.co.uk with comments, thoughts and suggestions. Our next episode will be on Football and Sports Marketing!
In the fifth episode of our series on financial technology, we sat down with Zhong Wang, Head of Strategy and Overseas Payments for Baidu Wallet and Payment Services. Zhong is a veteran of both Silicon Valley and the Chinese tech industry and is an expert on the retail payments sector in China. We invited Zhong to speak with us about why innovations in payments are occurring so rapidly in China, the competitive threat that new payment companies represent to banks, and how developments in payments may impact other parts of the Chinese financial system. The conversation covers a number of interesting topics. For example, can new payments technologies help bring financial services to China’s large underbanked population? Is there a generation gap between the young and old in terms of adopting mobile payments? Will Chinese payment companies be able to expand to other rapidly developing Asian economies? Zhong also explains what he sees as some of the biggest differences between Silicon Valley and tech companies in China. The views expressed are not necessarily those of the Federal Reserve Bank of San Francisco or of the Federal Reserve System.
Will Chinese economic development ultimately lead to political development? In Age of Ambition, the journalist Evan Osnos thinks he has found the missing link: the emergence in Chinese society of a search for dignity. Justin Vogt, deputy managing editor of Foreign Affairs, recently sat down with Osnos to discuss Chinese spirituality, Beijing's censorship of journalists, and President Xi Jinping's anticorruption campaign. For more books coverage, follow us on Twitter @FA_books and subscribe to our monthly Books and Reviews newsletter.This video interview was originally published on September 18, 2014.
Chinese food is launching its second attempt to join UNESCO's cultural heritage list. Representatives of the eight major Chinese cuisines recently gathered in Beijing to discuss how to win UNESCO recognition. Will Chinese food succeed now, after its first attempt was rejected three years ago? How are the preparations going? And what development opportunities will a successful UNESCO world heritage listing bring to the Chinese restaurant industry overseas? We now go to Luo Wen for answers to these questions. Reporter: China's millennia of cuisine are world famous. Many Chinese dishes--Peking duck, hotpot and Sichuan beef--are popular both in and out of the country. But none of them has yet made it onto the UNESCO list. In 2011, the first bid was made for recognition... but the attempt was rejected at the UNESCO meeting held in Bali, Indonesia. Bian Jiang is the deputy director of the Chinese Cuisine Association, the main body for the UNESCO application designated by China's Ministry of Culture. He sums up why Chinese food failed to convince the international judges three years ago. "First of all, we weren't very familiar with the evaluation principle and bidding procedure of food-related intangible cultural heritage; Secondly, the application failed to present the food's cultural impact to the judges." In 2013, South Korea's Kimjang, the making and sharing of kimchi, won a spot on the list of UNESCO's world intangible cultural heritages. Washoku, or traditional Japanese cuisine, and ancient Georgian traditional wine-making were added to the list during UNESCO's 8th intergovernmental council in Azerbaijan - the same meeting where Chinese zhusuan, abacus calculation, was listed. UNESCO experts say South Korea's Kimjang made it to the list mostly for its impact on people and society, like improved relations within the community when people share kimchi, the solidarity and joy it brings, the different ways of making it and how it's eaten. So based on China's neighbor's success, Bian Jiang says this time the Chinese Cuisine Association will shift its emphasis from food to the more intangible ingredients, such as cooking skills, cuisine styles, methods of eating, the stories behind the food and the culture it promotes. According to Secretary General of the China Cuisine Association Feng Enyuan, it could be very hard for China to select one single dish to represent the whole country's food culture. "Chinese food culture is extensive and profound, it's not an easy job to select only one or two dishes that represent the best of Chinese food. So far, eight cuisines have gained the most votes, including Peking duck, traditional New Year's dinner, dumplings, moon cakes, tofu, Lanzhou hand-pulled noodles, hotpot and Zongzi, or glutinous rice dumplings. We are still selecting the best ones. Another challenge is how to explain the food to the world. The Chinese way of cooking is so complicated that even the Chinese can't understand it, so we have to find a universal language to strike a chord with judges who come from different cultures." Recognition for food-related items is not new. France's multi-course gastronomic meal, with its rites and presentation, was one of the first to make the list in 2010. Earning UNESCO status at the same time was traditional Mexican cuisine, and the Mediterranean diet of Cyprus, Croatia, Spain, Greece, Italy, Morocco and Portugal. China currently has 29 items on UNESCO's Representative List of Intangible Cultural Heritage, and seven on the list of Intangible Cultural Heritage in Need of Urgent Safeguarding. But none of them is food related. Bian Jiang believes that's a great pity. He says that the development of Chinese civilization somehow evolved around gourmet culture. For example, ding, an ancient cooking vessel with two loop handles and three or four legs, was also a symbol of the dynasties of ancient China. Many important festivals in China are marked by food. Spring Festival starts traditionally with a bowl of "eight treasure" congee, followed by the making and eating of Jiaozi or boiled dumplings, on Spring Festival Eve and Spring Festival Day. It ends with the eating of rice balls called Yuanxiao on the 15th day of the Lunar New Year. Bian adds that good food is heartwarming, and is often part of the memories one has of the place where he or she grew up. That opinion is echoed by this lady in Wuhan, who says she couldn't start a day without a bowl of reganmian, hot dry noodles. "We Wuhan people love Reganmian. It's an important part of our breakfast. It is what we grow up eating. I miss the taste if I don't eat it for two days. It is an eating habit that's passed down several generations." She says Reganmian noodles contain sodium carbonate. They have a special flavour because they are dried and then boiled, and served with fragrant sesame oil and sesame paste. Bian notes that there are already 50 food-related intangible cultural heritage items recognized on a national level. Many of these are liquors like Mouta and Wuliangye, and tea-making techniques, such as green tea, black tea, oolong and Pu'er. Peking duck, like the Quanjude and Bianyifang restaurants, are on the list. Luoyang's "water banquet" preparations, Sichuan Fuling's zhacai, and Confucius family cuisine preparations are all listed as national intangible cultural heritage. Bian Jiang says intangible cultural heritage status will help raise the international image of Chinese cuisine, and promote development in the Chinese food industry. Andrew Chiu owns a Chinese restaurant chain in Wellington, New Zealand. "No doubt a successful entry onto the world heritage list will help westerners learn more about Chinese cuisine. China has so much great food that it deserves more international recognition."
Frank broadcasts from Shanghai as he visits some of the biggest cities in China. Is the growth for real? Will Chinese commercial real estate collapse? Plus, Stephanie Link, Director of Research at TheStreet.com, talks about recent earnings and several catalysts that could push stocks higher.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Is China a rogue donor, as some media pundits suggest? Or is China helping the developing world pave a pathway out of poverty, as the Chinese claim? This well-timed book provides the first comprehensive account of China's aid and economic cooperation overseas. Deborah Brautigam tackles the myths and realities, explaining what the Chinese are doing, how they do it, how much aid they give, and how it all fits into their "going global" strategy. Will Chinese engagement benefit Africa? Using hard data and a series of vivid stories ranging across agriculture, industry, natural resources, and governance, Brautigam's fascinating book provides an answer.Deborah Brautigam is the author of Chinese Aid and African Development, Aid Dependence and Governance, and coeditor of Taxation and State-Building in Developing Countries. She is a professor in the International Development Program at American University's School of International Service in Washington, DC.Cosponsored by the Center for East Asian Studies.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Is China a rogue donor, as some media pundits suggest? Or is China helping the developing world pave a pathway out of poverty, as the Chinese claim? This well-timed book provides the first comprehensive account of China's aid and economic cooperation overseas. Deborah Brautigam tackles the myths and realities, explaining what the Chinese are doing, how they do it, how much aid they give, and how it all fits into their "going global" strategy. Will Chinese engagement benefit Africa? Using hard data and a series of vivid stories ranging across agriculture, industry, natural resources, and governance, Brautigam's fascinating book provides an answer.Deborah Brautigam is the author of Chinese Aid and African Development, Aid Dependence and Governance, and coeditor of Taxation and State-Building in Developing Countries. She is a professor in the International Development Program at American University's School of International Service in Washington, DC.Cosponsored by the Center for East Asian Studies.
The World Beyond the Headlines from the University of Chicago
A talk by American University professor Deborah Brautigam. Is China a rogue donor, as some media pundits suggest? Or is China helping the developing world pave a pathway out of poverty, as the Chinese claim? This well-timed book provides the first comprehensive account of China's aid and economic cooperation overseas. Deborah Brautigam tackles the myths and realities, explaining what the Chinese are doing, how they do it, how much aid they give, and how it all fits into their "going global" strategy. Will Chinese engagement benefit Africa? Using hard data and a series of vivid stories ranging across agriculture, industry, natural resources, and governance, Brautigam's fascinating book provides an answer. Cosponsored by the Center for East Asian Studies. From the World Beyond the Headlines lecture series.
A talk by American University professor Deborah Brautigam. Is China a rogue donor, as some media pundits suggest? Or is China helping the developing world pave a pathway out of poverty, as the Chinese claim? This well-timed book provides the first comprehensive account of China's aid and economic cooperation overseas. Deborah Brautigam tackles the myths and realities, explaining what the Chinese are doing, how they do it, how much aid they give, and how it all fits into their "going global" strategy. Will Chinese engagement benefit Africa? Using hard data and a series of vivid stories ranging across agriculture, industry, natural resources, and governance, Brautigam's fascinating book provides an answer. Cosponsored by the Center for East Asian Studies. From the World Beyond the Headlines lecture series.
A talk by American University professor Deborah Brautigam. Is China a rogue donor, as some media pundits suggest? Or is China helping the developing world pave a pathway out of poverty, as the Chinese claim? This well-timed book provides the first comprehensive account of China's aid and economic cooperation overseas. Deborah Brautigam tackles the myths and realities, explaining what the Chinese are doing, how they do it, how much aid they give, and how it all fits into their "going global" strategy. Will Chinese engagement benefit Africa? Using hard data and a series of vivid stories ranging across agriculture, industry, natural resources, and governance, Brautigam's fascinating book provides an answer. Cosponsored by the Center for East Asian Studies. From the World Beyond the Headlines lecture series.