Tuesday, December 28, 2010

China's European Concerns

According to David Gosset,Director of the China Europe International Business School,you have a lot of worries in China about the European Union and Euro-zone.China wants them to succeed in order to counterbalance the U.S.
The big story for the business world for the next 5-10 years is the Chinese growth in consumer demand,which will shape global business.The EU has failed to lift restrictions on China,damaging its credibility in the Asian powerhouse.Europe has joined the U.S. in criticising China's failure to allow its currency to appreciate enough,resulting in trade imbalances.
On Saturday,December 25,China made a surprise hike in interest rates to cool off growth and prevent inflation.The move had only a brief,minor effect on global markets,if any-perhaps restraining them a bit.
The China Europe International Business School is located in Shanghai.Granting MBA degrees,it was officially established as an independent business school in 1994.

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