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    TNCN News Highlights from TNCN Social Media

    See below for some recent TN-China news articles posted on TNCN social media. To get faster updates, follow TNCN on FacebookTwitter, and LinkedIn.

     

    Tariff Burden Will Fall on American Workers

    Tennesseean – By Ming Wang – Jan. 31, 2018 – “The Trump administration’s decision to slap a high import tariff on imported solar panels and washing machines is a detrimental one that may end up hurting the United States in the long run.”

    “First of all, the majority of the profit related to goods labeled “made in China” is actually made by Americans.”

    “Second, in recent decades, Chinese-made goods, such as the more affordable iPhones, have enabled more American consumers to buy such products, thus improving the quality of our lives. Industry projections hold that the cost of outfitting a large solar farm may rise by 10 percent, according to USA Today, though the full impact is unknown.”

    “Third, as the New York Times columnist and internationally known author, Thomas L. Friedman, pointed out in his best-selling book “The World is Flat,” there is now an unstoppable trend where primary manufacturing jobs for products such as toys, clothing and electronics are irreversibly shifting to developing countries such as China.”

    To read the full article, click here.

     

    U.S. Bars Merger of MoneyGram, China’s Ant Financial

    The Wall Street Journal – Jan. 3, 2018 – “An American national-security panel refused to approve a deal for Chinese billionaire Jack Ma’s Ant Financial Services Group to buy MoneyGram International Inc., the companies said Tuesday, in the latest sign the U.S. is tightening scrutiny of investment from China at a time of greater tensions between the two countries.”
    ….
    “The failed takeover of MoneyGram is the latest in a string of high-profile Chinese deals that have run into trouble with CFIUS, a multiagency body that can advise the president to block foreign deals on national-security grounds, as momentum builds in Washington to more closely scrutinize Chinese investment.”

    To read the full article, click here.

     

    China’s Ban on Recyclables May Affect Dickson County

    Tennessean – Dec. 21, 2017 – “Beginning Dec. 31, China, which is the world’s biggest importer of U.S. recycled materials, will no longer accept eight different kinds of plastics. U.S. recycling companies have been working since China’s ban announcement in August to find other markets for the materials.

    “Dickson County Solid Waste Director Jim Lunn said the department will ‘continue to recycle all that we can and hope markets change to our benefit in the future.'”

    To read the full article, click here.

     

    What Ails China’s Healthcare System? Roberta Lipson Has A Detailed Diagnosis

    SupChina – Aug. 21, 2017 – “You asked the question why it is so hard for foreigners to penetrate the healthcare industry. Part of it might be the regulatory issues, but part of it also might be that healthcare is really complex. No matter where you are, the regulatory environment is complex. Managing healthcare in a responsible way is really complex. Managing it in an environment that’s new to you is even more difficult. Then the question is, what do foreign companies bring to the table? Are they bringing capital? I’m sure there is a lot of local capital for whatever needs to be done in China. Are they bringing a management model? You can’t just pack a management model in a box and send it off for someone to unpack. The foreign investor must have a very clear management model and actually be here to implement it. Not a lot of foreign healthcare providers have the bandwidth to do that. Are they sending talent or doctors? Maybe or maybe not. It is difficult to find talent that wants to pick up and move to another environment. Are they bringing new medications or therapy approaches? Well, the government has to approve those new therapies in order for them to be implemented.

    “One of the things about United Family and why we were able to be successful, I think, is because we started small and were able to import enough talent and expertise, we were able to build a system as we went. One that borrowed from Western experience, but because we were in China for a long time already, we were able to then make it locally relevant and grow organically from there. I think it’s really hard for a foreign investor to parachute into China and say, “I’m going to do the healthcare thing.” It’s not just the regulatory environment.”

    To read the full article, click here.

     


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