At the same time as the China-US Strategic and Economic Dialogue, a seminar was held in Milan with Edward Tse, Booz & Company’s Chairman for Greater China and one of the major experts on the Chinese market. The meeting was an opportunity to discuss the economic context businesses find in China, as well as the Chinese government’s main choices in this phase of serious international gravity.
The complexities of the current global macroeconomic situation are pushing the world economy in many different directions. The US is undertaking a second round of quantitative easing in order to buy protection against a deflationary risk. China is slowly allowing the RMB to appreciate while preparing the next 5 year plan as it transitions from an economy with unlimited resources and limited interactions with the rest to the world into an economy that is starting to feel a deteriorating growth/inflation trade off and is becoming a key player in international trade and markets.
