Doing Business in China
I know a number of people who are Westerners, currently living in Communist China. I asked a few if they’d write an article on the current business environment for the blog. They all declined, fearing expulsion from the Worker’s Paradise if they were labeled as “practicing journalism”.
They are all in Red China for different reasons. They all speak Mandarin, most have been there for over a decade. Since the Chinese Communist Party (CCP) closed China to westerners who were not in China, they have all wondered what will happen going forward. Factory owners can’t enter China, nor can they send in representatives. The Middle Kingdom is officially closed.
Agriculture in China has had a difficult year. In 2019, it was hit by the crop-gobbling army worms which spread across a million hectares of farmland, as well as African swine fever that halved the country’s herd of 440 million pigs through preventive culling.
A locust swarm (h/t Searaigh) could drag China’s plague-stricken economy down farther. The situation in India (photos) being what it is and the indication that the locust swarms are expanding to China would provide fertile feed for the locusts.
The Wuhan Plague which has killed many tens of thousands in China bringing many of the nation’s industries to a near halt has added to their financial woes. The exact number of infections and deaths is a state secret.
For now, the Communist Chinese Party is playing down the possibility of the locusts moving from India to China, but the threat is not only real, but likely.
Relocating Hong Kong Businesses to the USA
President Donald Trump warned Tuesday that Hong Kong’s role as a global financial center would be put at risk of China insists on imposing a strict political crackdown – as his administration offered to pay to relocate Hong Kong firms to the U.S.
Trump economic advisor Larry Kudlow made the offer in comments about moving costs Tuesday amid tense political moves that could strip away some of the island’s political autonomy.
Chinese ambitions of seizing strategic territory now belonging to India remain in play as they moved an additional five thousand soldiers to the border. (h/t BW Bandy) India is responding to the threat with its army. India says that it will stand firm and not cede one inch to Chinese bullying.
Even though the area of contention is not an agriculturally sensitive location, it is bound to further complicate Chinese assertions that they are benign.