The view from China
China’s relationship with the US
Before Joe Biden left for the G7 meeting, the U.S. Senate approved the United States Innovation and Competition Act of 2021. This is a large and complex Bill aimed at explicitly bolstering US competitiveness in view of China’s growing threat in both manufacturing and technology. With more than $250bn to be invested in the Bill’s recommendations, the stakes are rising significantly in the broader US-China relationship.
Business confidence remains stable
In China this week we saw the publication of the European Chamber of Commerce in China’s (EUCCC) latest business confidence survey.
Business profitability and overall confidence in the China market remain, however geopolitical tensions and the continued closure of China’s borders for the foreseeable future are driving many European businesses to ‘decrease their China exposure’.
The transition to net-zero
China Central Bank Governor Yi Gang’s comments at a Forum last Friday suggest that China will adopt mandatory carbon and emissions disclosur