What if China runs out of US dollars? - Victor Shih

Victor Shih

China has been saving much capital in US bonds and could use those resources to finance its debt and policies in the past. But what happens if China runs out of US dollars, asks political analyst Victor Shih in the New York Times.

The New York Times:

Both men [Trump and XI] rely on a political base that responds to nationalism.

Mr. Xi also appears to have a team of hard-liners around him, including the Minister of Commerce, Zhong Shan, who was recently added to the Chinese negotiating team. 

“For now, Xi is signaling that he is a tough nationalist who will not back down in the face of very aggressive behavior on the part of the Trump administration,” said Victor Shih, an associate professor at the University of California, San Diego, and an expert on the Chinese economy... 

“The draining of China’s foreign exchange could break China’s current economic model of using state directed money to finance certain policies,” said Mr. Shih. “China can print renminbi endlessly but it can’t print American dollars.”

More in the New York Times.

Victor Shih is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more political experts at the China Speakers Bureau? Do check out this list.  

Most-sought speakers for July 2010

Warren Liu     via Flickr

Major changes this month in our line-up for the top-10 most-sought speakers in July 2010, actually half of them is new. Highest newcomer of this month is Warren Liu, author of the best-selling book "KFC in China: Secret Recipe for Success (Paperback)", We only expected him to rise in our rankings by August or September, since we are almost done in releasing his new book, as a part of our publishing service. But you do not hear us complain, when the interest in our of our celebrity speakers goes up.
Warren Liu's next book, "China Key Success Factors. Past and Future rules for succeeding in China" (ISBN 978-0-615-37306-5) analyses eight key industries and their strategy of entering China. Its World Expo Edition will be available in August, and of course we will announce the book here too.
Two other relative newcomers deserve attention here. With the World Cup 2010 in South Africa behind our belts, it is no wonder Rowan Simons, our own soccer specialist, rose in the ranks. Many mainstream media found him to explain, why China has not been making it to the world cup.
Back from a long-term absence is also Paul Denlinger, who has not been really away, but until a few months ago been working outside the publicity he was used to. Now Paul Denlinger is back, and how.
Kaiser Kuo is back on the top-position, and not surprisingly, since he landed earlier this month into an interesting job at Google's major competitor in China, Baidu.com, where he is now director international communication. Fortunately, he is also available for speeches.
Now, without further delay, the top-10 most-sought speakers list for July 2010 (June 2010 in brackets).

1. Kaiser Kuo (6)
   
2. Warren Liu (-)
3. Shaun Rein (-)
4. Arthur Kroeber (5)
5. Paul French (7)
6. Victor Shih (-)
7. Rowan Simons (-)
8. Rupert Hoogewerf or Hurun (3)
9. Paul Denlinger (-)
10. Tom Doctoroff (-)

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Why China is not at the World Cup - Rowan Simons

Image via Wikipedia

China's soccer expert Rowan Simons explains in the New York Times why China is not present at the current World Cup in South Africa:

Let’s talk politics. The Chinese Football Association is an illegal organization under Article 17 of FIFA’s constitution which demands independence from government. Yet government control of the C.F.A. is clearly laid out in China’s 1994 Sports Law. These mutually exclusive regulations pose significant concerns.

Soccer needs a bottom-up approach from the grassroots in the urban neighborhoods, an approach that does not fit the country's bureaucratic culture:

Chinese sport still follows a Soviet model, placing children in elite schools (at their own expense!). Football is a mass participation sport in which the best players may not emerge until their later teens. The simple truth is that China needs a system of community-based clubs that are run by the people for the people.

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Rowan Simons is the chairman of China ClubFootball FC, the first amateur football network in China with foreign investors, and the author of “Bamboo Goalposts. He is also a speaker at the China Speakers Bureau. When you need him at your meeting or conference, do get in touch.

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