In Chinese, the saying fifty steps laughs at one hundred steps is equivalent to the English version of the pot calling the kettle black. That should be the reaction to Chinese Vice President Wang Qishan’s comments at this week’s Bloomberg New Economy Forum. Wang said that, “Countries must rise above exclusive blocs and reject the zero-sum mentality.” This is right after China joined the exclusive trading block called the Regional Comprehensive Economic Partnership. He also pronounced that, “We should build an open world economy that works for all. We must firmly safeguard the multilateral trading system under the WTO and unequivocally reject unilateralism and protectionism.” Yet it is China that ranks 115...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.