The 8th Asia-Europe Meeting (ASEM), a bi-annual event (the previous was in Beijing in 2008), just took place on October 4th and 5th in Brussels, Belgium. It was a big deal. Asia and Europe represent 60% of humanity and 60% of global trade. I like how ASEM state their mission. Below is part of it: … [Read more...] about the 8th Asia-Europe Meeting (ASEM)
trade
Orville Schell on China Daily, “Challenges investors face in US, EU”
I thought this was a very accurate characterization by Orville Schell via an op-ed on China Daily of the "dysfunctional" investment relationship between China and the U.S. at the moment. My interpretation? On one hand, China welcomes investment with open arms; think Intel, GM, Caterpillar, and even Google investing in China. That creates tons of jobs in China. American … [Read more...] about Orville Schell on China Daily, “Challenges investors face in US, EU”
U.S. Protectionism against Huawei and why that was a good thing [for Huawei]
Stan Abrams over at China Hearsay has a good article out today, "U.S. Practices the Art of Zen Protectionism on Huawei." (If you follow Huawei, you will know that it is one of the most innovative companies in China, and it has made substantial inroads around the world for its reliable and cost-effective telecom equipment. Actually, if you talk to some Cisco engineers … [Read more...] about U.S. Protectionism against Huawei and why that was a good thing [for Huawei]
Intel achieved the best quarter in the company’s 42 year history
Intel has just announced its Q2 2010 earnings. It is the best quarter in the company's 42 year history. Some of you might say, "what?!" With the financial crisis in Europe and the U.S., how can this be possible? Here is a direct link to their Q2 2010 report. You will see in the report Intel's revenue is derived 57% from "Asia-Pacific" excluding Japan. With Japan's 11%, … [Read more...] about Intel achieved the best quarter in the company’s 42 year history
Dagong rates U.S. credit worthiness below China’s and the impeccable timing of the report
"China unveils first sovereign credit rating report," and this news is spreading like wild fire in the West. One reason is the report ranking the U.S. lower than China. Here is a brief take on it at Seeking Alpha: "The Unthinkable: U.S. Stripped of AAA Credit Rating by Chinese Agency." The English version of the report is here. While Dagong Global Credit Rating Co., Ltd. … [Read more...] about Dagong rates U.S. credit worthiness below China’s and the impeccable timing of the report