Alberto J. Lebrón (Beijing) | The pig, in Chinese culture, has always been a symbol of abundance. Given that the pig is an essential element in their diet – Spain is the country that exports most pork to the China market – explanations abound. But what is significant is that this year of the pig is going to be far less abundant than previous years.
Articles by Alberto Lebrón
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Spain views this massive trade initiative to link the Far East with the West- known as New Silk Road- with some degree of scepticism. Other European countries have also underestimated it, but what is certain is that their companies are signing contracts.
Monetary and fiscal stimulus policies have failed to reactivate consumer confidence in Japan and it declined into a light, but cronic deflation of 0.3% in 2016.
Chinese investors want to make money and insist on having good information. Data applications are appearing on demand and there is a record level of collaboration on information amongst big businessmen.
China is already the top lender in Latin America, while Spain is the second biggest investor in the region after the US. But joint projects there are scarce.
Spain receives less investment from China due to its lack of knowledge of the market. The UK clocks up almost 20 billion dollars in investments from China, while Spain is behind countries like Hungary or Romania. Qian Jiannong is deputy chairman of the Fosun group, amongst other things. This is a Chinese conglomerate which made 1.1 billion euros in 2015.
Chinese corporate debt has not stopped growing since 2007 (it is around 160% of GDP). But given the level of reserves, Beijing does not yet understand the alarmism unleashed by international agencies.
It’s not the slowdown or the devaluation of the yuan which is really worrying, but China’s reforms. Economic reform, which should lead to a free market. And political reform which, unfortunately for the Chinese people, will be some time coming.
BEIJING| Alberto Lebrón | There have been two events in November which have been key to measuring the trend in global consumption: China’s “Singles’ Day” on 11/11 and the Black Friday-Cyber Monday weekend in the rest of the world. Diane Wang, an e-business pioneer and one of the 10 most powerful women in the Asia Pacific, has created the largest b2b platform in China, with 10 million corporate clients.
BEIJING | Alberto Lebrón | When the Asian crisis began in 1997, there were some countries which thought they were unjustly treated. For example, South Korea. Today, nearly twenty years on, the same pattern is being repeated, although the principal actors involved are much better prepared than they were then. But, are the Asian countries ready to face a restrictive monetary cyle imposed by the U.S.?