Louis Kuijs, chief Asia economist, discusses the implications in a podcast for the San Francisco Fed
With US-China talks to agree a truce in the economic superpowers’ trade war reaching an imminent crunch point, Louis Kuijs, our chief Asia economist recently talked to the Pacific Exchanges podcast from the Federal Reserve Bank of San Francisco.
Global supply chain,
Chinese consumer market to overtake America’s by 2034
“Let China sleep, for when she wakes, she will shake the world.” The cautionary words of Napoleon have echoed ever more powerfully as China’s economic and political power has burgeoned over recent decades.
And with the seismic impact of the world’s most populous nation set to resonate ever more strongly than ever in coming years, in few areas of life will those reverberations be felt more than in the rise of China’s consumers as a global force.
Companies’ spirits boosted by buoyant world trade and US fiscal stimulus measures as fears over North Korea tensions and China slowdown retreat
Businesses are increasingly positive about prospects for the world economy, with optimism over the global outlook at its strongest for two years, according to Oxford Economics’ latest survey of global risk perceptions among clients and business contacts, including some of the world’s largest companies.
Business and economic outlook,
US tax cuts,
The US-China Business Council commissioned Oxford Economics to assess the overall impact of the trade and economic relationship with China on the US economy. The study shows that today, the US-China trade relationship actually supports roughly 2.6 million jobs in the United States and, as the Chinese middle class continues its rapid expansion over the next decade, US companies face significant opportunities to tap into a new and lucrative customer base that can further boost employment and economic growth.