China may be inheriting all of the blame for the global market meltdown, but it is just one piece of the puzzle that investors and policymakers alike are trying to figure out in terms of the broader direction of the global economy. Last year, it was Greece's financial woes to blame; now it is China.
For those not counting, there have been eight B.C. trade missions to China alone in the last 18 months. Forests minister Steve Thomson is set to leave on a ninth mission this Friday. Trade missions aren't cheap, they set the B.C. government back $767,000 in 2014 and that doesn't include the bill for local governments, universities and other agencies.
All eyes would be on Beijing. North Korea's frequent provocations to help secure political concessions, and often financial and food aid too, are no longer having the effect they used to. Having all been burnt once too often in the past, Seoul, Tokyo and Washington are not in mood to play such games. And crucially for Pyongyang, neither, it seems, is Beijing.
Over the last four decades, Asia has seen immense global economic growth. But what does this mean for you as a global business traveller? Whether you are an executive, entrepreneur, or emerging leader, knowing more about how your Asian counterparts do business will give you a distinct competitive advantage and allow you to build successful, long-lasting business relationships.
Guo Yushan and He Zhengjun are accused of having written and published books and articles, and of having given lectures at universities, on such subjects as taxes, law reform, and environmental protection, with funding that included four foreign sources. They are just two of 1.4 billion Chinese citizens, but their work represented all that is hopeful and optimistic about China. Rather than jailing them, the government should free them, tap their confidence in their country and their dedication to their fellow citizen, thaw the chill that has accompanied their incarceration and help the country thrive.
My father was never so proud of me as when I was crowned Miss World Canada in May. It's an incredible honour to be able to represent my country on the world stage. To my father, who still lives in China, it was validation that all of his efforts to support me have paid off. Although access to information is restricted in China, news of my win spread quickly in my home province of Hunan, and my father was inundated with messages congratulating him and wishing me well. But things soon took a dark turn. Now, just a few weeks after I was crowned, my father is afraid to speak to me.
On Monday the renminbi (RMB -- Chinese currency) will step into Canada with the inauguration of the only RMB hub in the Americas. We know in Canada it will be greeted with fanfare, but what is less certain is whether or not Canadian exporters and international investors will take action once the celebration ends. Should they?
Obama is rightly emphasizing the reality that electricity is an input into nearly every good and service in households, villages, towns and national economies. A region in which 600 million out of 960 million are without power cannot possibly ignite, expand or sustain economic growth and development.
The Chinese have been pushed around a lot over the years, most notably by Britain, Japan and the United States. That isn't likely to continue as China develops. Middleweights can put on a lot of muscle in a hurry when they have money, determination and technical skills. China has all three in spades.
What does this mean for Canada? First and foremost, it means a reinvigorated green crusade for renewables, which can only harm Canada's economy, as we showed when Ontario took this path. In addition, the green movement will likely use this agreement to push for other harmful policies such as a national carbon tax. The U.S.-China agreement will also reinvigorate green opposition to Canadian fossil-fuel production of all sorts: the no coal, no gas, and especially the no oil sands people will be using the new announcement as a cudgel with which to demonize anyone who opposes them.