International Webinar: Navigating life in China as an international student and afterwards
A webinar organised by the Federation of Latin American and Caribbean Associations for Friendship with the People’s Republic of China (FALCARPC) and hosted by the ABCF
Friday May 30, 8:30pm, Atlantic Standard Time (GMT – 4)
Zoom Meeting ID 819 2417 2084
German firms in China hit hard by US tariffs, but ‘in China for China’ paying off: poll | South China Morning Post (scmp.com)
The tit-for-tat tariff war between the United States and China has induced a notable decline in the economic outlook perceived by German firms in China, but their investment plans in the country remain largely unimpeded, according to a business advocacy group.
Chinese graduates in UK face bleak prospects amid job crunch: ‘it’s devastating’ | South China Morning Post (scmp.com)
Some young Chinese struggling even to secure restaurant work due to Britain’s tough labour market and tightening visa rules
At boisterous Canton Fair, China’s exporters get taste of life after US | South China Morning Post (scmp.com)
As a reporter who has attended the Canton Fair – China’s oldest and largest trade exhibition – on many occasions, I can say with confidence there’s something very different about the current session.
Walking through the exhibition halls, the near-capacity crowds came as a surprise. It felt like the largest number of foreign buyers I’d ever seen at a fair, especially as rapidly intensifying tariffs from the US were throwing the established trade order into disarray.
I could tell that everyone, from organisers and exporters to taxi drivers and hotel staff, was going all-out to provide premium service to potential overseas buyers.
Explainer | Has Asia just taken a step away from the US dollar? | South China Morning Post (scmp.com)
Asia’s largest economies made a decision that could signal a shift away from the US dollar on Sunday, as they approved a new rapid financing mechanism that will for the first time use regional currencies including the Chinese yuan.
The new scheme has been rapidly approved as countries across East and Southeast Asia look to shield themselves from the financial volatility unleashed by US President Donald Trump’s global tariff war, which has triggered turbulence in the US Treasuries market and an Asian currency rally in recent days.
It may also herald a deeper, longer-term shift towards a regional monetary mechanism that is less reliant on the dollar – and gives China a bigger role.
Henry Huiyao Wang: In a globalised world, the US and China must build bridges, not walls (eastisread.com)
Far from being a victim, the US has been a beneficiary of globalisation. It must abandon zero-sum thinking and focus on its comparative strengths
Far from being a victim of globalisation, the United States has been one of its greatest beneficiaries. In truth, the only area where the US runs a consistent trade deficit is goods – and this was never an accident.
America made a deliberate shift towards a service-driven, hi-tech economy. It moved away from low-margin, labour-intensive and often polluting industries towards sectors that are cleaner, more profitable and globally dominant.
The US leads the world in education, advanced technology, biosciences, the digital economy and artificial intelligence (AI). The US mustn’t become the winner that takes all, including labour-intensive industries. To now treat its shift as a failure is to rewrite decades of economic policy.
This weekly newsletter is put together by DeLisle Worrell, President of the ABCF. Visit us at Association for Barbados China Friendship | (abcf-bb.com).
Thanks to everyone who sent contributions for this week’s Update. Please send items of interest to me via the contact page at ABCF-BB.com or to info@DeLisleWorrell.com
The ABCF mission is to build a deeper understanding between the Chinese people and Barbadians and Caribbean people from all walks of life. The association’s focus is on personal experiences, people-to-people contact, cultural exchanges and exchanges of ideas, and the facilitation of travel, business and study. From the outset we aim to learn from and build on the experiences of the Caribbean and China, and to develop mutual understandings and support that will be to the benefit of both sides.
