This blog has not minced words when it comes to describing the grim situation in Hong Kong, which, as one of my former colleagues at the State Department puts it, “will get worse before it doesn’t get better.” Signs of Hong Kong’s demise as an international business center are plentiful. The city is in recession.
As regular readers of this blog know, we are very much down on Hong Kong as an international business center. See Hong Kong for International Business: Stick a Fork in It (August 13) and Hong Kong for International Business: Stick a Fork in It, Part 2 (October 22). We have seen and we believe we
Three months ago, in Hong Kong for International Business, Stick a Fork in It, we predicted the slow demise of Hong Kong as an international business center. Many wrote us to say they agreed. Many wrote us to say they vehemently disagreed. Those who disagreed argued that we had underestimated the grit and the resilience
Contents of this Article BRI countries will need increased economic activities to pay back Chinese debt Africa’s greatest opportunities in business How is Africa reacting to China’s increasing presence through its Belt and Road Initiative? Does Africa present a viable alternative to companies that want to move manufacturing from China? Which African nations are most
Should I stay in China or should I leave? Should I enter the China market or is it too risky? The answer to these questions is simple: it depends. The secret is understanding what those dependencies are and how your company strategically fits within them. What follows is an oversimplified view of the playing field
Not sure why nobody has just come out and said this yet, but Hong Kong as an international business and financial center is no more. I take no comfort in saying this because I have many friends in Hong Kong and I’ve always loved going there, but Hong Kong’s special position is over. Kaput. Fini.
The below is a list of China wild cards, at least for today. Note that when a deck holds a wild card, the impact of the wild card is something that can be predicted. The wild card changes the rules, but the players all know the wild card will eventually be coming and they can
The real economic threat posed by the US-China trade war is not tariffs. The real threat has always been the U.S. government prohibiting product sales to China and product purchases from China and focus on the tariff issue misses this. As we wrote in Who Pays the Tariffs on China Imports? there are various things companies
1. China has Broken its Promises to Open Its Economy I’ve had a front row seat to China for well over a decade. My law firm started this blog in January, 2006, and we were representing foreign companies in China and the rest of Asia long before that. When we started this blog we were
Image by Ixocactus In a series of recent posts, we discussed how the media and many commentators have wrongly ascribed great things to the new PRC Foreign Investment Law. See New China Foreign Investment Law: Not Good News, China’s New Foreign Investment Law and Forced Technology Transfer: Same As it Ever Was and China Approves New
