Trade war could threaten domestic consumption in China

2019 ◽  
Keyword(s):  
Rural Areas ◽  
Positive Impact ◽  
Domestic Consumption ◽  
Online Retail ◽  
Content Type ◽  
Large Cities ◽  
Trade Dispute ◽  
China Trade ◽  
Car Market ◽  
The Us

Subject The importance of domestic consumption to China's economy. Significance Consumption contributed 60.5% of the rise in China’s GDP in the January-September period of this year, data released on October 18 show. Vice-Premier Liu He, China’s top economic policy official, argues that the shift towards consumption-driven growth will help minimise the adverse consequences of the US-China trade dispute. It is also key to the success of China’s efforts to rebalance its domestic economy in the longer term. Impacts Online retail has plateaued in the large cities, but rapid growth will continue in smaller cities and rural areas. The potential for further growth of the car market is considerable, despite slowing sales. The positive impact on GDP growth of tax cuts last year is likely to soften by the end of 2019.

ASEAN will proclaim limited trade progress at summit

2019 ◽  
Keyword(s):  
Economic Integration ◽  
Minority Group ◽  
East Asian ◽  
Code Of Conduct ◽  
Content Type ◽  
Trade Dispute ◽  
China Trade ◽  
The Us ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Significance The meeting comes against the backdrop of a diplomatic spat between Vietnam, Cambodia and Singapore over Vietnam’s 1978 military incursion into Cambodia. South-east Asian leaders will discuss regional economic integration, for example through the ASEAN Single Window (ASW) trade facility and the ASEAN-centred Regional Comprehensive Economic Partnership (RCEP) trade pact. Impacts ASEAN members will aim to capitalise on shifting regional supply chains precipitated by the US-China trade dispute. ASEAN and China may next month complete the first reading of the single draft negotiating text for a South China Sea Code of Conduct. An upcoming ASEAN assessment of the Rohingya crisis will do little to stem global criticism of Myanmar’s treatment of the minority group.

The speed of change and performance risk: examining the impacts of IT spending in the US hotel industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nan Hua ◽  
Tingting Zhang ◽  
Melissa F. Jahromi ◽  
Agnes DeFranco
Keyword(s):  
Business Performance ◽  
Positive Impact ◽  
Hotel Industry ◽  
Content Type ◽  
Performance Risk ◽  
The Us ◽  
The Usa ◽  
Revenue Volatility ◽  
The Impact ◽  
Speed Accuracy

Purpose This study aims to investigate the impact of the speed of change (trend) in information technology (IT) expenditures on performance risk indicated by revenue volatility in the US hotel industry. Design/methodology/approach To systematically investigate the impacts of IT expenditures on hotel performance risks, this study collects the same store proprietary data of 1,471 hotel properties from CBRE, a leading hotel consulting firm in the USA, from 2011 to 2017, with a total of 10,297 observations. Findings Econometric analyses are performed and results indicate a significant and positive impact of the speed of change of IT systems expenditures on the performance risk after comprehensively controlling for confounding factors following prior research. Originality/value With the increased importance of IT in day-to-day activities, hospitality business owners have started to quickly adjust their investment in IT infrastructure and superstructure to enhance their business performance. However, their fast-changing expenditures may introduce more risks to their businesses based on the speed–accuracy tradeoff, systems theory and the Schumpeterian Growth Model. This study is one of the pioneer projects that ever assessed the impact of IT expenditure and speed of change on performance risks of hotels.

Ottawa extends terrorist entity list to neo-fascists

2021 ◽  
Keyword(s):  
Rural Areas ◽  
Business Sector ◽  
Content Type ◽  
High Profile ◽  
The Us ◽  
White Supremacists ◽  
The Military ◽  
Radical Element

Significance Some MPs called for this action in the wake of the storming of the US Capitol last month, but the move has been considered for some time following concerns about extremism within the military. Impacts The growth of extremism is linked to a growing divide between conservative white rural areas and cosmopolitan cities. Separatist sentiment in the western provinces may develop a newly radical element from links to extremism. The business sector may face some disruption from an increase in protests and demonstrations. Canada’s reputation for welcoming immigrants could be damaged if there are high-profile incidents involving white supremacists.

University-centred entrepreneurial ecosystems in resource-constrained contexts

2020 ◽  
Vol 27 (7) ◽  
pp. 1149-1166
Author(s):  
Zsolt Bedő ◽  
Katalin Erdős ◽  
Luke Pittaway
Keyword(s):  
Conceptual Framework ◽  
Rural Areas ◽  
Entrepreneurship Education ◽  
The United States ◽  
Resource Constrained ◽  
Content Type ◽  
Large Cities ◽  
Entrepreneurial Ecosystems ◽  
The Usa ◽  
Entrepreneurship Ecosystems

PurposeResearch on entrepreneurial ecosystems has advanced over recent years and has become a popular topic. Despite the interest, previous work has focused on entrepreneurial ecosystems in large cities in the United States. Ecosystems in small cities, underpopulated rural areas, university towns and outside the USA have not been considered much. This paper begins to address this deficit by reviewing three groups of literature.Design/methodology/approachFrom the review, the paper builds a conceptual framework to consider entrepreneurial ecosystems led by universities. After summarizing the literature on entrepreneurial ecosystems, entrepreneurial universities and entrepreneurship education, the paper suggests a conceptual framework outlying the structure, components and mechanisms that enable universities to operate as catalysts in the creation of entrepreneurial ecosystems.FindingsIt is evident that on many of the “ingredients” of a successful entrepreneurial ecosystem, a resource-constrained environment would have many gaps. Building an entrepreneurship ecosystem in such contexts would be inherently challenging. The model presented suggests that the presence of a university in such locations should enhance the prospects of progress but that the nature of the university itself would impact any outcomes. Universities that make concerted efforts to be entrepreneurial and that have entrepreneurship programmes have strategies available to them that can enhance entrepreneurship ecosystems over time.Originality/valueThe contribution of this paper is to show “how” a university and its entrepreneurship programme can operationally address deficits in a local ecosystem and how it might bring about positive change. The paper also opens new avenues for entrepreneurship education researchers.

Reframing news by different agencies

Babel ◽  
2020 ◽  
Vol 66 (4-5) ◽  
pp. 847-866
Author(s):  
Weixin Zeng
Keyword(s):  
The United States ◽  
Chinese Mainland ◽  
News Reports ◽  
Trade Dispute ◽  
News Agency ◽  
China Trade ◽  
News Agencies ◽  
The Us ◽  
The Media ◽  
News Event

Abstract This study aims to investigate how news reports are reframed and how a stance is in turn mediated in the process of translation by news agencies in the Chinese mainland and Taiwan when they cover the same news event. A database is built from 50 reports on the US-China trade dispute, half from Reference News (RN), a news agency based in Chinese mainland and the other half from Liberty Times (LT), a media outlet in Chinese Taiwan, as well as their corresponding source texts from foreign news agencies. The results show that the reframing practices in the two agencies vary from each other in framing the US-China trade dispute and the image of China and America. The overall pattern of stance shift in the translation by RN is towards a pro-China/anti-US direction while in the translation by LT towards a more anti-China/pro-US direction. These might be caused by the political stance of the news agency, the media environment and the relationship with the United States.

Long term US-China decoupling will hit US energy sales

2019 ◽  
Keyword(s):  
Energy Demand ◽  
The United States ◽  
Offshore Wind ◽  
Energy Market ◽  
Content Type ◽  
China Trade ◽  
Project Costs ◽  
The Us ◽  
Alternative Markets

Subject Impact of the US-China tariffs on the energy market. Significance Global trade is slowing, and the US-China trade tariffs are exacerbating the slowdown. US oil and liquefied natural gas (LNG) exporters are finding alternative markets, but competitive pressures are likely to rise as both oil and LNG markets face oversupply. The tariffs on goods imported to the United States are also raising costs for the renewable and non-renewable sectors. Impacts US LNG producers could struggle to place cargoes as European gas storage approaches capacity. The large number of US offshore wind projects underway may be held back because the US-China tariffs are increasing project costs. Weak world trade and GDP growth is capping energy demand, offsetting supply worries and curbing oil price gains.

Prospects for global trade in 2020-24

2019 ◽  
Keyword(s):  
World Trade ◽  
Job Creation ◽  
Value Chains ◽  
Global Trade ◽  
Trading System ◽  
Content Type ◽  
China Trade ◽  
The Us ◽  
Multilateral Trading System ◽  
The World

Subject Prospects for global trade in 2020-24. Significance US-China competition and a ‘populist backlash’ against trade in advanced nations are intensifying fears that the world is entering de-globalisation. World trade volumes are expected to grow modestly in 2019 and 2020, while the US-China trade conflict roils the multilateral trading system and global value chains, harming investment and job creation.

Weak forint will not shift Hungary’s monetary policy

2019 ◽  
Keyword(s):  
Government Bond ◽  
Content Type ◽  
The Past ◽  
China Trade ◽  
Bond Yield ◽  
The Us ◽  
Growth Prospects ◽  
Trade War ◽  
Chinese Trade ◽  
Roll Back

Significance It dropped to 332.2, a decline of 5.7% since March 10, when the forint reached its strongest level against the euro this year. While the forint has fallen steadily against the single currency over the past several years -- it has lost 18% since November 2012, with half the decline occurring since mid-2017 -- it has come under more strain since March, owing to a combination of fallout from the US-China trade war and the persistently dovish policy stance of Hungary’s Central Bank (MNB). Impacts Markets have become increasingly pessimistic about the growth prospects for the euro-area. A technical recession is increasingly probable in Germany, where the benchmark ten-year government bond yield is at a near-record low. Central Europe’s economies are decoupling from the industrial slowdown in the largest EU economy, although divergences are narrowing. Renewed hopes of a US-Chinese trade truce, including a possible roll-back of existing tariffs, are improving sentiment towards EM.

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