All posts by Mélanie

Why is the West so keen on learning Chinese?

Why learning Chinese is so important?

learning chinese
“Chinese seems to be the trending language, from Europe to America. So it’s time to look beyond the traditional focus on French and German and get many more children learning Mandarin” said David Cameron, UK Prime Minister, back in 2013.

More than 2 years later, things evolved a lot and the same trend can be observed in most of the western countries: from primary schools to multinationals, more and more people learn Chinese. Even US’s President Barack Obama claimed his daughter Sacha was learning Chinese, while Mark Zuckerberg, the Facebook founder, and gave a Q&A in Mandarin Chinese to his college student’s audience during his last trip to Beijing.

So, why Chinese? Or let’s put it the other way in fact, why not Chinese?

Chinese, the language of business

 People traditionally choose to learn a second language in order to be able to communicate with people in the next country. From a more practical point of view, we could say in order to have more opportunities. Despite China economy growth decline, the growth is still there, and China is since last year the second largest economy on earth. China exports a lot and will keep doing so for many years, although it might be less than before, and it imports more foreign products every year. With this in mind, choosing to learn Chinese when considering to learn a second language instead of French or German seems to make sense.

business

Moreover, Chinese is the world’s largest spoken language, for the reason that it is not only spoken domestically but even in others Asian countries, such as Singapore (known to be a Global Business Country) or Taiwan.

You can read an interesting article about 5 interesting tips on Chinese economy

A huge number of Chinese native speakers?

In spite of Mandarin, which is the official language, only 10% of Chinese native speaker can talk fluently this language. How can we explain it? There are several dialects with huge linguistics differences depending on your locations in China. There is only the same writing system sharing.

Whereas Beijing dialect is the current standard form, it is Nanjing dialect which is considered more universal.

You can learn more about 6 tips to succeed with your marketing in China.
However we can notice that the number of fluent Chinese speakers in the world seems to be counted more around 120 million, and not more than 1.3 million as many people could expect. Spanish speakers around the world are counted by 400 million speakers worldwide.
Mandarin seems to keep its leadership role in the mind of all. Don’t wait anymore, get the opportunity to learn Chinese in Beijing!

Recently, there was a regular survey from the Modern Language Association of America dealing with language enrolment in American colleges. According to the data coming from these surveys, Mandarin learning seems to be growing even more than years ago, in the US and also in the United Kingdom. Mandarin is becoming number 2 on the list of languages schools possibilities. So what is the best program for learning Chinese in Beijing?

Chinese economy situation: an opportunity to learn Chinese

learn chinese on board

If Chinese economy’s situation is a great opportunity to learn Mandarin, it’s not easy to learn Chinese and a lot of people are facing some difficulties and obvious barriers such as learning Chinese characters. That is the reason why the fastest way to learn Chinese is to first practice your oral conversation.

Remember that most of the Chinese people don’t know how to speak English, even if English is one of the most common Business languages in the world. Adding to this, the Chinese market is growing faster than ever and it’s just the beginning!

What kind of businessman would ignore this huge opportunity just because he doesn’t want to learn Chinese?
You can read China has more billionaire than the United States

 

melanielimchenArticle was written by Melanie

Studying Chinese economy in Jiao Tong university. A mix of Chinese and Cambodian, she’s a fan of Chinese culture  and trying to learn more about the social aspect in China.

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    Chinese bought half of all luxury products in the world last year

    Chinese people and luxury products

    New Chinese record! According to a luxury-market consulting firm, Chinese tourists have spent 1.2 trillion yuan ($183 billion) last year for luxury products only.

    According to these data, luxury products are bought by more than 60% of the Chinese consumer, especially handbags, mobile gadgets or even cosmetics. These consumers spent $116.8 billion only for this kind of luxury products.

    The number of Chinese consumers is growing more and more, there are many job opportunities to those who can speak Chinese. Learn Chinese in Beijing

    Booming of Chinese consumption

    Car rental locationThe grow of Chinese consumption power abroad has reached an average by 27.8 percent, according to the ministry of Commerce, and despite the decline of the Chinese economy, Chinese consumers are still the people who spend the most in the world and especially abroad. That is the reason why you can see more and more Chinese staff in luxury stores or employees who have learned Chinese.

    Domestic consumption slows down

    luxe

    Compared to the increase of purchase overseas, there is a slowdown concerning the domestic consumption, representing a new issue for the Chinese government. You can read more about Tips for a better life in China

    The main problem is still the high price of imported good, comparing to those in overseas markets, this can explain why most of the Chinese people buy less imported goods. Chinese people prefer going directly abroad to purchase their luxury products.

    According to the China Chamber of International Commerce, a survey points it out that imported products in China are 40% to 68% more expensive than for the same products in France, Germany or United States.

    These high-priced categories of products are mainly watches, wine, electronic products, clothing, handbags and suitcases.

    This is a real concern, still unresolved, for which the Chinese government has to work on.

    Luxury brands strategies

    Car rental location

    Because international luxury brands have long set much higher prices for their products in China than in many other countries, forcing Chinese luxury consumers to turn their eyes to foreign markets.

    In fact, luxury goods in China are not only priced high but also rarely discounted. By contrast, it is common to see discounted luxury goods in certain foreign countries.

    The average price of luxury goods in China is 45% higher than in Hong Kong, 51% higher than in the United States, and 72% higher than in France.

    China is gradually replacing the traditional European and American countries to become the main force of luxury consumption. The international luxury brands have also paid more and more attention to the Chinese market. Why are the luxury goods more expensive in China than in other countries?

    Taxes, distribution costs and marketing costs are the main reasons, said Zhou Ting,

    The main reason why they buy abroad is the price. Hefty import tariffs and consumption taxes, as well as higher pricing strategies, can increase prices in China to 50% more than a shopper would pay elsewhere.

    You can read more:

    10 digital strategies you need to learn if you work in the travel industry in China.

    Do Chinese consumer prefer Chinese brands?

    melanielimchenArticle was written by Melanie

    Studying Chinese economy in Jiao Tong university. A mix of Chinese and Cambodian, she’s a fan of Chinese culture and trying to learn more about the social aspect in China.

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      Pay Your Bill in China? Alipay Is Your Answer

       Alipay is the answer to pay your Bill in China

      Starting to live in the China mainland and if you are coming from the country in which you do not think that you need to bring cash anywhere, don’t be afraid that you cannot do that in China. With the rapid growth of the economic, development, and the massive business investment in China, it is very urgent for businessman and people generally to have the debit or credit card which you can use to pay anywhere in China. Assuming there will be the hassle using you PayPal, MasterCard, and Visa, we will give you a simple guidance in using the Chinese kind of PayPal, named Alipay.

      If you want to buy something in the online platform as Chinese Amazon, Taobao, you should really consider making an account in the Alipay which is linked to your bank account to access your money. Do not afraid to use Alipay and ended up you don’t use it much in daily life because in China even taxi driver accepts payment by using Alipay! It also applies to food and other daily need that you buy. Alipay reaches out the need of the foreigner to have a simple life and modern in the Chinese way. Yet for a foreigner, making an account in Alipay is not that easy. First, because the website is built in Mandarin, so be ready to have your Chinese dictionary or translator to help you to deal with it rather than end up waiting for 7 days to go and redo the application from the beginning.

      alipay pay your bill

      Some tips that you will need as a foreigner who first make account in Alipay are as follows:

      1.Prepare your image of Passport and Visa.

      This will be needed for the verification when you are connecting your Alipay account to your bank account and to use the business model by the apps on your phone. It does not have to be the scanned image of the passport info page and the visa, the picture is acceptable as long as the image is clear enough and all info is readable.

      2.  Name

      You know that typing your name in wrong capital or spacing will cost you one or two days to be able to redo your application for Alipay? Yes! That is the normal way of waiting until your application can be redone and you can fix your name typing. It is unlikely that you put your name wrong but who knows? So better be careful, make sure those names are exactly the same as your bank account and passport. All parallel.

      3. Better not Gmail.

      It is a little tricky to use the internet in China, to be honest. Some domain, website, and pages are not allowed to open, and some even have big difficulties to receive notification and else. Some foreigners, who are used to making Alipay, find out that using Gmail is less favorable by Chinese internet network to be able to verify. Try other domain for emails like Yahoo, Hotmail, or others. Try to ask if you find the problem.

      Enjoy paying all in China with the Chinese Paypal and learn how to make your stay in China comfortable with following those tips above.

      Lire plus

      Les incontournables des réseaux sociaux en Chine

      Sharing economy in China

      China’s economy difficult to approach

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        5 wrong ideas about Chinese economy

        Wrong ideas about Chinese economy

        Most of Westerns leaders think the Chinese economy is breaking down. Chinese market is different and businessmen have to understand it doesn’t work in the same way than they know. Indeed, entrepreneurship in China is special and is said to be out of rules, totally disjointed, irrational and the worst system ever seen in the world.

        Obviously, Chinese methods look to be confusing. Nevertheless, the government doesn’t pay attention to criticisms and western minds. They take advantage of the yuan’s devaluations to be more competitive on the market.

        However, according to someone who lived in China for many years, all of those minds are wrong. Chinese economy’s future is promising and set up five given ideas about this subject.

        1. Chinese economy is a fake

        China is said not to have a solid basis concerning it economy. Indeed, the Asian country seems to benefit from cheapest way to succeed in launching its business, looks to be not a scary competitor on the market’s world and doesn’t get strategy’s development efficient. China doesn’t have enough knowledge regarding the market’s World’s rules. Therefore, many private industries are borning in China, and government invests some money in order to allow them to innovate on the market and become more competitive.

        Those funds enable the country to gain in stability and organization. In addition, this share allows a companies’ industrialization and urbanization. China wants to line up and even surpass on the other countries’ economy. Since 2013, Chinese government tries to create many areas for new markets, innovations, authentic ideas and invests to reach this goal. Actually, private companies which are making out, convert Chinese consumers to purchase their products and promote their brands in order to increase the audience.

         

        1. China has lack of innovating ideas

        idea

        As said above, Chinese government encourages the startups’ entrepreneurship to innovate. Many young companies’ birth were noticed this last years which try to offer authentic services on the Chinese market. Nevertheless, while a growing market, Western countries’ leaders think these stratups have lack of capacity to innovate and bit of its are uneffective and don’t make out.

        Nevertheless, the government is investing in technological stratups whose rate is increasing on the market. Moreover, China wants to create the new Silicon Valley in the North of Beijing in order to welcome startups surrounded by Chinese giants such as Baidu, Weibo and others.

        In addition, more and more companies are more valuated since last year such as Alibaba or Xiaomi which is considered as the emerging sector. The government is giving funds too, into scolarship involving one million science and engeenering graduates a year.

        Read more: A hard landing for China’s economy?

         

        1. Chinese environment is too much damaged to be preserved now

        pollution

        China is said to be very dirty, doesn’t know the environment rules, and doesn’t have funds to preserve the nature. That’s true, they don’t begin in the best way to launch their industry. Actually, Chinese are more and more conscious of the pollution’s troubles. Moreover, the government is setting important measures to reduce smoggy in order to decrease the air and water pollution in the country and especially to protect the population’s health. Leadership in China creates new jobs so that clean up cities and take in charge energy supplies.

        Furthermore: What is China doing to tackle its air pollution?

        1. Important inefficient investment and debts are rising

        These last years, Chinese economy is led by buildings, roads, infrastructures. That’s why, fuels spending are increasing which involve China’s debt’s rising.  While yuan’s devaluation, debt’s China’s economy quadrupled and reached 28,2 trillion the last year.

        However, China is totally able to fight against the crisis and it debt is less important than it Western neighbors. Indeed, crisis impact only a thin Chinese market’s segment and troubles couldn’t be worst. Economy in China must grow, slowly but surely.

        Then, Chinese companies’ activity is increasing and they represent more than 60 percent of Chinese market cap. The stock market came down from 150 to 40 percent the last year. This low economy involves a consumption decreasing. China has to be patient.

        1. Gaps between social classes

        The Chinese economy growth created differences of the standard of living between various social classes and especially from region to another. Indeed, Government maintains the entrepreneurship and tries to boost the country’s economy thanks to many reforms. Therefore, many gaps appeared. While rich people become richer, middle and low classes meet difficulties to follow this rythm.

        In addition, many people who are living in remote areas in China, can’t benefit to the education and health care which are not the only troubles. In order to solve its, Chinese population tries to imitate Western countries and creates social aids to be fairer within the country.

        To sum up, most of Western economy’s leaders have preconcived ideas about Chinese development. Actually, even if China still has to progress but it the economy is growing up. The country market is more and more efficient. Then, many Chinese companies are making out among Western giants.

         

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          Visit Beijing in 24 hours!

          Beijing in 24 hours!

          The capital city of China; Beijing is an extraordinary city, currently planning for the 2022 Winter Olympic Games, and a $13 billion airport for 2019. It is a culture-embedded metropolitan, a city that never sleeps.

          We have 24 hours, let’s see what the city has to offer! Read more about best tips in Beijing.

          Saturday

          1. Chinese noodles | 12 p.m.

          The Chinese are noodle-specialists as the Italian are pasta-specialists.

          “Zha jiang Mian” is a Beijing classic, which you can find at the old Beijing Zhajiang Noodle King, just as famous as Beijing Roast Duck. The place is almost always packed, and you may have to wait for seating, but it is definitely worth it! No regrets.

           noodles beijing

          1. Art in Beijing | 4 p.m.

          Beijing has been known for its cultural artifacts as well as its contemporary art scene. If you’re an “all-things-art” fanatic, visit the Three Shadows Photography Art Centre, featuring world-class artists such as Ai Weiwei. The art space is considered China’s most professional and comprehensive platform for contemporary art. What’s better is its free admission!

          1. Drinking local beer | 6 p.m.

          Continue your casual stroll around the Lama Temple and enjoy the street scenery! To meet locals, head over on to Baochao Hutong. The sight of locals playing Mah-Jong, drinking beer, and feeding on dumplings will spark a little interest to your eyes!

          Order yourself a local beer at the Great Leap Brewing, where they infuse tea gathered from the mountains of Fujian! Or two!

           

          1. The time has come for the Roast Duck | 7 p.m.

          roast duck

          “Kao Ya” (roast duck) is classified as an iconic dish in Beijing. The cleverly cut pieces of meat, carefully rolled pieces of pastry, thinly sliced spring onions, and the sweet yet savoury-tasting sauce that makes fuses everything together. This dish is a MUST HAVE in Beijing. Do not be put off by the price, because once it enters your mouth, all things become heavenly. You can Learn Chinese in Beijing for understand Chinese culture

           

          Sunday

          1. Parks | 10 a.m.

          Enjoy a walk over at Summer Palace, with only a 30yuan admission fee, you’ll spend half the day there for sure. Take a hike on the pine-shaded hill behind the palace, or just sit near the lake for a peaceful and relaxed afternoon.

          parks and recreation

          1. Beijing Temples | 4 p.m.

          Bring out your spiritual side in Lama Temple. The Buddhist and ancestral temples were built in the 17th century as a Prince’s home. Recharge yourself inside the with the sight of serene monks and ancient architecture.

          .temple

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            8 awesome things you should try out in Shanghai!

            What you should try in Shanghai!

            1) Look for Local & Street Food

            chinese food

             While in Shanghai, you must try the local food! Since Shanghai is one of the biggest cities in China, you will be able to find many different flavors of China here.

            The one Shanghainese dish you have to try is the “Xiaolongbao”, a steamed soup dumpling filled with pork, minced crab…

            A great Shanghainese restaurant to try out this local dish would be the Nanxiang Steamed bun restaurant. There, you can taste 8 original flavored Xiaolongbao for CNY 10.

            Another good Xiaolongbao restaurant is the Lu Bo Lang Restaurant, Bill Clinton but also Queen Elizabeth ate there in the past. If you want to eat there like they did, you should know that a meal there costs around 200¥.

            On the other hand, Shanghai has a big, colorful and noisy street food scene where you can easily eat like a local in every single corner of the city. Yet, be careful of where to eat! We advise you exploring Fanfbang Road and Sipailou Road in the Old Town. You can make great deals there!

            2) Eat & Drink At The Bund

            Pudong

            If you want a fine-dining night out you should go straight to The Bund, where the dining nightlife is very dense. There, you can eat very well while enjoying futuristic views of Lujiazui just across the river.

            The buildings on the Bund facing the skyline make it a unique moment for anyone visiting Shanghai. You have to go to M On The Bund to catch a unique view of the magnificent skyline.

            Moreover, The French Cellar will allow you to enjoy the best French wines in Shanghai.

            You can also visit Mr. and Mrs. Bund, a French restaurant that local expats enjoy a lot, now bringing travelers from all over the world for its delicious French cuisine.

            Lost Heaven is also a good and still reasonable choice for Chinese delicacies from Yunan province.

             

            3) Nightlife in Shanghai – From Sun Set till Sun Rise

            Bund Shanghai

            Shanghai is THE sleepless city that always has cool places to hang out until the next morning! Many world famous artists and DJs come there very regularly.

            The Bund, hosting the famous Le Bar Rouge is a “must do” if you’re ready for a decadent night in Shanghai. Still at The Bund? Why not giving a go at the nightclub MUSE and check how Shanghainese people party there?

            Party lovers wanting to make it wild, you are recommended to head to The Mansion, a famous nightclub, especially for expats, everyone loves the ambiance over there! There, you will for sure be able to make it until the sunrise. If you’re the last one dancing there, then you’re the boss of Shanghai nightlife!

            4) Get into Shanghai Cultural Places

             Shanghai is the perfect place to learn Chinese. Learning a few words of Mandarin and taking a calligraphy class will help you understand Chinese culture and history.

            You can get a Chinese lesson at Mandalingua or Mandarin House, and keep a great souvenir with you!

            If you’re willing to get even more into your Chinese cultural immersion, you should already know that China is famous for its martial arts, and as you walk through Shanghai streets you could meet groups of Chinese practicing Tai Chi, usually early in the morning, which can seem like a weird dance at first but is a form of meditation.

            5) Visit Museums, Arts, and Theatres

            Shanghai museum

            If you’re into China history, you must visit Shanghai museum, it is a world class museum and it could take you a full day to visit it!

            Shanghai Science & Technology Museum is also a very famous museum in Shanghai displaying 13 main permanent exhibitions and 4 sciences theaters.

            Shanghai Film Museum, for movie lovers, will take back you into the Shanghainese cinema of the 1920’s with subtitled video clips. Finally, the tree story Long Museum showcases one thousand years of Chinese art, antiques, and porcelains.

            China is also famous for its acrobatics shows. ERA, the amazing acrobatics show at Shanghai Circus World has been rated by most International magazines as the best acrobatics show in Shanghai.

            6) Get in the middle of futuristic buildings

            Shanghai is a modern city. Therefore, you have to enjoy its amazing flashing buildings and skyscrapers. You can get lovely views from the top of some towers.

            You should try out the Oriental Pearl Tower and climb to one of the highest observation deck of Shanghai at 1,148 feet offering a 360 degrees view. Make sure to be there on a sunny day!

            Here is an interesting article about should expats learn Chinese in Shanghai

            7) Authentic China and Temples

            You should also take some time to walk in the Yu Garden, the holy Jing’An Temple in the heart of Shanghai, or even visiting the largest reclining marble-Buddha in the Jade Buddha Temple.

            If you are not into temples, you can visit the Xujiahui Cathedral and the Jewish Synagogue. They are impressive by their architecture and attracting many visitors every day.

             8) Go to the Watertown’s

             If you have enough time in front of you, you should visit the Watertown’s surrounding Shanghai. They are much more relaxed than the busy Shanghai city.

            Here are our suggestions:

            50 minutes away from Shanghai, Zhujiajiao. The city is loved by most foreign visitors because of its wooden houses, great atmosphere, and relaxed coffee shops.

            Also, Fengjing is an 1800-year-old Watertown with lovely canals, bridges, and temples. Visitors usually go there to meet some of the friendly Chinese artists in their workshops straight onto the river.

            Finally, Zouzhouang, a water town that prides itself for being the number one Chinese Watertown. It is very pretty but might be too touristic for some of you!

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              Cultural Shock: US vs China

               TWO DIVERSE CULTURES       

              Chinese economy

              Chinese and American cultures are vastly diverse, to say the least.

              Many cultural factors differentiate them such as beliefs, entertainment and trends, and values. What are different are also the physical factors such as climate, mode of transport, locality?

              Through both countries, their population would agree that their own culture is more superior. Chinese believes that Americans do not understand the meaning of culture specificity, traditions, and history. They believe America is only a combination of other cultures such as European culture, and that they are too young to have a culture of their own.Here are the differences raised between China and the United States of America.

              Here is an interesting article about the hard landing for China’s economy.

              Chinese civilization

              Chinese history

              If you meet a Chinese man or woman, it is more often that they will boast about their country and their culture. Indeed, Chinese civilization has harvested a long period of strong cultural traditions which have expanded over the years, not just locally but globally too.

              There are similar strict policies and regulations that are embedded in Chinese law in the present day that existed thousands of years ago. China being such a large country, is grouped into various states and the population within each state uphold their own particular behaviors and lifestyles, but nevertheless preserve the overall Chinese culture.

              China is rooted with original conventions, delicacies, and stories. They are so specific and exclusive, hence, why the public is so proud.

              The Chinese government, however, suffers from chauvinism. In cases, they are so proud they impose their own Han ethnicity to the oldest Chinese groups which still exist in Tibet and Xinjiang. This is an example of China’s political act, showing their power over the country.

              What will be the next target for China?

               American civilization

              american flag

              American people are an example of chauvinism too. The ‘American way of life’ is deeply implanted in the nation. The way their mind thinks, acts, and speaks is also very cultural specific. The way their businesses, literature, and political system affects the nation’s education system is very particular, therefore succeeding continuous like-minded generations.

              American culture has been considered the major establishment that transcends international borders; more specifically, American pop culture icons such as actors, musicians, and celebrities. Not only that, but also food culture such as McDonalds, American hotdogs, and donuts. Many products that appear without history or ancestral charm, but nevertheless attract the global audience.

              In recent years, the States have succeeded in demonstrating authoritative power globally but have administered a respectable reputation with China.

              Consequently, the engine towards the idea that American culture does not really come from history or traditions remains with some Chinese people. However, Chinese is still fond of the huge American market, with large crowds of Chinese tourists visiting the States every day.

              Misunderstandings

              Chinese have many preconceived ideas regarding American civilization. The question is why: is it pure envy, or is it a competition? Even though many aspects of American culture is built around brands, celebrities, and materialism, America is still able to understand Chinese culture. Compared to the Western, Chinese are still too attached to tradition.

              If civilizations are different, why not have same goals for their respective countries?

              Indeed, the Chinese and American are attempting to take over the world. On one side, China is the largest country in Asia, not only population-wise but also in terms of the economy, the market, and technological advancement. On another side, the United States have been establishing the world’s biggest corporate and companies that transcend globally. Both countries have different skills but the same expectations; that is to expand their power across international borders.

              In recent years, China’s president Xi Jinping has taken control of the nation’s film industry. His aim is to orientate the film’s subject, not only highlighting more specifically on Chinese culture but also to expand it abroad. This is not the first instance that the Chinese government has regulated media in the country. In 2010, Xi Jinping took part in advertisements that promoted the government’s socialist views.

              To conclude, it is clear to say that both countries are different, but it also sure to say that both nations have their own way of life, their own traditions, and own culture.

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                A hard landing for China’s economy?

                A hard landing for China’s economy?

                China’s top economic planner and head of the National Development and Reform Commission (NDRC) Xu Shaoshi asserts that “China will absolutely not experience a hard landing” and that “these predictions of a hard landing are destined to come to nothing”.

                The country’s economy is not headed for a hard touchdown, but the instability of the global economy may pose a risk to the efficiency of the country’s growth. China acknowledges that they have faced a tough battle to keep their global economic ranking of no.2 from growing, with an estimated of 6.5% increase in employment and restructuring state-owned enterprises over the next five years.

                During the 12-day annual national parliament event, the government outlined the issue of its economy transitioning from an investment and export-focused economy to one based more on services and consumption.

                China’s economy increased by only 6.9% in 2015, the slowest it has progressed in a quarter of a century, but still steadily the fastest compared to other major economies.

                Capture d’écran 2016-04-01 à 17.48.42

                The country has aimed to increase its growth target of 6.5% to 7% for this year, introducing a range that seems rather demanding; whilst seeking flexibility in employment growth and restructuring the “zombie companies” in their various industries.

                According to Chinese Prime Minister Li Keqiang, the country’s new objectives are aimed at energy consumption, inflation, and employment opportunities. However, he did not further mention how these objectives would be met. Many investors had hoped that China would propose an assertive resolution for financial spending and prop growth, but instead the draft goal of operating an economic deficit equivalent to 3% GDP (being up from the previous annual target of 2.3%) disappointed many.

                China’s massive foreign exchange reserves more than $3 trillion, but a fast decline in assets in the past 18 months with Beijing supporting the country’s currency has shaken some investors. The condition of China’s economy, and Beijing being able to facilitate it, were main talking points at an assembly of 20 financial ministers and significant bankers in Shanghai in February.

                Li stated that China has the confidence and support needed to handle difficulties both locally and globally.

                “In general, I think China’s economy performance has stayed at a reasonable range (since 2015)” Xu commented and added that the Chinese economy should not be viewed any longer through traditional evaluations. “First, we should look from the angle that the economy has entered the ‘new normal’ period,” he said, in which growth rates have transitioned, and the economy growth engines are progressing towards services from the investment.

                Chinese manager

                According to Xinhua Official News Agency, China currently has more than 150,000 public enterprises, with the liquidity of more than $100 billion yuan, and the employment of 30 million people. The Chinese government cannot neglect the volatility of the global economy, and must put words into action in order to sustain their economic development.

                Read more:
                5 tips entering Chinese market

                7 opportunities for business in China

                 

                 

                 

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