Global Business

Bloomberg Radio - Sound On: Trade Talks, North Korea + 2020 Campaigns

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Self-promo alert: I was on Bloomberg Radio last night.

I joined Bloomberg Chief Washington Correspondent Kevin Cirilli and Ben Chang, former White House National Security Council director of communications in a wide-ranging discussion covering current global and domestic political issues such as:

- CIA on Instagram

- Zlatan Ibrahimović

- UN Arms Trade Treaty

- Ford Motor Company + USCMA

- Speaker Nancy Pelosi + Impeachment

- White House Correspondents Dinner + Prince

- Globalization + Politics + US agricultural exports

- Prime Minister Shinzō Abe weekend at the White House

- Supreme Leader Kim Jong-un meeting with President Vladimir Putin

You can listen to the nearly 50-minute episode - here.

US-China technology and data war - political fear or business reality?

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The dominance of US semiconductor technology in Chinese phones makes for great angst in Beijing. It reveals Americans firms are generations ahead in semiconductor and other technologies - we are talking 20 to 30 years. In assembly factories across the China, the critical parts that go into phones, tablets, routers, vehicles, even airplanes, are often imports from advanced economies like the United States.

The Chinese government has ambitious plans to end this dependence.

“Techno-nationalism has a long and stellar history in China,” said Damien Ma, fellow and associate director of Paulson Institute think tank in Chicago. “During Mao’s time, they always wanted to have some semblance of technological self-sufficiency. And I don’t think that in itself is surprising or odd. Many countries want it.”

Many Trump administration officials call these Chinese plans “frightening” and a direct national security threat and a sound reason to impose tariffs on Chinese products. Some American academics and politicians fear China will soon enjoy global domination of many high-tech sectors at the expense of many Western industrial economies.

Does this matter?

Will it happen?

Do you think America's biggest and best businesses are sitting still and not moving forward?

Also, do you think China can execute?

Business plans mean little if you can't execute, ship, and scale.

-Marc A. Ross

Marc A. Ross specializes in global communications, thought leader management, and event production at the intersection of international politics, policy, and profits. Working with senior executives from multinational corporations, trade associations, and disruptive startups, Marc helps business leaders navigate globalization, disruption, and American politics.

The "Chinese way of doing business" needs to change

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Amid all the high-pitch noise surrounding a possible trade deal between Washington and Beijing or Trump and Xi frankly, less attention has been devoted to the holes ZTE dug for itself and neglected to fix.

The ZTE corporate governance and senior management debacle should serve as a timely warning for all Chinese companies on the urgency and importance of taking concrete steps to introduce tight corporate compliance guidelines, particularly at a time when Chinese firms are making aggressive overseas investments following Beijing’s decision to launch the One Belt and One Road infrastructure initiative across the planet.

More importantly, the ZTE saga highlights the necessary need to change “the Chinese way of doing business”, which frequently ignores long-term ethics, laws, and regulations in pursuit of short-term profits and KPIs.

Former SCMP Editor-in-Chief Wang Xiangwei has penned a column which hopefully is being widely read in China's elite C-suites. The high-level business class of China needs to decide, are we a Chinese business or are we a global business? 

They can't be both.

You can read the column here: http://bit.ly/2Lnnzj7

Team Trump to China + America’s Huawei probe

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Team Trump’s China gamble

The Trump administration's top economic and trade officials — including Steven Mnuchin, Larry Kudlow, Robert Lighthizer, and Peter Navarro — will head to China next week to try to prevent tit-for-tat tariffs from taking effect. But analysts doubt they can convince Xi Jinping to make any big concessions. 

Trump the deal marker seems confident.

‘I think we’ve got a very good chance of making a deal,’ Trump said earlier this week.

Trump went on to say, Treasury Secretary Steven Mnuchin is headed to China in "a few days" to resolve the ongoing trade dispute between the world's two largest economies. "They trade with us [but] we can't trade with them," Trump declared. Both countries have proposed tariffs on the other, after the Trump administration's Section 301 investigation into China's business practices.

American business continues to be baffled by Trump's goals in China trade battle. No one seems to have the answer to one key question: What will it take for Trump to declare victory and withdraw his threat to impose tariffs on up to $150 billion worth of Chinese goods? 

"Based on my conversations, both with U.S. government officials and Chinese government officials, there's been a lack of specificity in what China could do that would satisfy the United States and avoid the imposition of tariffs and investment restrictions or anything else," Erin Ennis, vice president  the US-China Business Council, said during a panel discussion Wednesday hosted by the Global Business Dialogue, an industry-funded.

Have you ever made a trip to a foreign land with no agenda and clear outcomes?

Usually, it is for fun and vacation.

When it is for business and deal making it is called a boondoggle.

Maybe Team Trump will get to see the Great Wall so it won't be a complete waste.

-Marc A. Ross

Marc A. Ross specializes in global communications and thought leader management at the intersection of politics, policy, and profits. Working with boardrooms and C-Suite executives from multinational corporations, trade associations, and disruptive startups, Marc helps business leaders navigate globalization, disruption, and American politics.