Geopolitical tensions between China and other countries can present new challenges for businesses, but the Asian giant's role in the world has not diminished, said Douglas Flint, chairman of Standard Life Aberdeen.
That shows continued progress toward the integration of the Chinese economy into the global economy that both sides have aspired to, he said.
Countries rolled out generous fiscal packages to help businesses and individuals in the wake of the Covid-19 outbreak and subsequent lockdowns. However, concern has grown over what will happen when that support is withdrawn or runs out. "How to get the economy functioning in an independent way again ... is going to be very important, and how to use the firepower that the central banks and governments may have left, to target that very specifically and efficiently to the sectors that need it," he said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Indonesia to beef-up patrols after China coastguard raises suspicionIndonesia will increase maritime security operations near some of its islands in the South China Sea after a Chinese coastguard vessel was spotted nearby, raising suspicions about its intentions, a senior security official said on Tuesday.
Weiterlesen »
Mongolians protest visit of China diplomat as language dispute simmersDemonstrators rallied in Mongolia's capital Ulaanbaatar on Tuesday to protest against a visit by the Chinese government's top diplomat, State Councillor Wang Yi, amid accusations that Beijing is suppressing native language and culture in ethnic Mongolian regions of China.
Weiterlesen »
Trump's tariffs on China violated law, trade body saysThe World Trade Organization ruled decisively Tuesday that President Trump violated global trade rules when he unilaterally imposed tariffs on what became more than $350 billion worth of Chinese goods
Weiterlesen »
Exclusive: Alibaba, China Mobile weigh $443 million investment in blacklisted Dahua - sourcesAlibaba Group Holding Ltd and China Mobile Communications Group Co Ltd [CHNMC.UL] are considering investing 3 billion yuan ($443 million) in Zhejiang Dahua Technology Co Ltd, three people with knowledge of the matter said.
Weiterlesen »
Australia and China need to find common ground, former Australian prime minister saysAustralia and China need to find common ground despite their differences, as the economic relationship between the two is an important one, said John Howard, former Australian prime minister.
Weiterlesen »
Alibaba Group opens China factory in new manufacturing initiativeAlibaba Group Holding Ltd announced a new business initiative for smart manufacturing on Wednesday called Xunxi Digital Technology Company, as part of which it is opening a pilot factory in the Chinese city of Hangzhou.
Weiterlesen »