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    China News Highlights from TNCN Social Media

    Below are links and highlights from recent articles on China trade and business. To get faster news updates, follow TNCN on Facebook, Twitter, and LinkedIn.

     

    Free Trade Helps Tennessee Manufacturers

    Knoxville News Sentinel (KNS) – Jan. 25, 2017 – “According to the U.S. Department of Commerce’s International Trade Administration, Tennessee business exported $18.4 billion in goods to TPP countries in 2015 – more than half of all the state’s exports. The TPP countries account for 40 percent of the world’s GDP and 20 percent of global trade.

    “The TPP would have virtually eliminated tariffs on Tennessee exports to 11 countries, though several already have free trade agreements with the United States. The International Trade Administration estimated the deal would have benefited the state’s health products, automotive, chemicals, machinery and metals sectors, which face tariffs of up to 75 percent on their exports to new TPP countries.”

    To read more, see the KNS article.

    China Is Struggling to Keep Its Currency High, Not Low

    Brookings Institution – Jan. 26, 2017 – “Candidate Trump promised to label China a currency manipulator on day one in the White House. In recent months, however, China has been intervening to keep its currency high, not low. It turned in another good growth performance in 2016, with a 6.7 percent expansion. But it took a lot of credit to generate this growth—as a result, risks are building up in China. One risk is of a classic financial crisis; another risk is unruly devaluation of the currency driven by market forces. China can probably avoid a hard landing this year, but it is relying on ad hoc measures that throw sand in the wheels of normal commerce.”

    This is a good summary of China’s recent and current financial situation. To read more, visit the Brookings website.

    Dr. Ming Wang to lead Chinese eye hospital chain’s U.S. expansion

    Tennessean – Feb. 10, 2017 – “Fast-growing Chinese eye hospital chain Aier Eye Hospital plans to enter the U.S. market this year, with headquarters in Nashville and a long-term goal to open eye clinics across the country.

    “Leading eye surgeon Dr. Ming Wang of Wang Vision Institute has been tapped as CEO of Aier-USA. The company established a holding company in the U.S., with a starting fund of $50 million.”

    To read more, see the Tennessean article.

    Six Ways to Improve Cross-cultural Communication

    Innovate Manufacturing via LinkedIn – Feb. 16, 2017 – “Communicating in a language in which we are not fluent can be confusing. In addition, conveying messages back and forth between people who speak different languages requires extra effort to be accurate. As a Chinese-owned American company, Innovate Manufacturing offers six recommendations to others with similar challenges in the hopes of providing clarity in all cross-cultural communications.”

    To read more, see the LinkedIn article.


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