To overtake China in the EV market, the US needs to step hard on the accelerator
Asia Business Council
by Gabriel Huang
4M ago
Washington should double down on combining policy support, financial incentives and advances in technology, to reduce its reliance on China-sourced material. As it strives to build a home-grown supply chain, investing in Canada’s critical minerals could be a game-changer. The post To overtake China in the EV market, the US needs to step hard on the accelerator appeared first on Asia Business Council ..read more
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Asia Business Council Annual Survey 2023
Asia Business Council
by Gabriel Huang
4M ago
The Asia Business Council conducted its annual survey of members in July 2023. Nearly half of the respondents show a growing optimism about business conditions in the upcoming year, anticipating Asian economies will continue to recover from the Covid-19 pandemic. However, economic challenges are at the forefront of their minds, with concerns about inflation, followed by fears of a recession. Over 70% of respondents believe U.S.-China tensions present more risk than opportunities, which has prompted a strategic pivot of diversifying operations. Notably, India has now surpassed mainland China as ..read more
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US-China decoupling: inward turn could undo gains made in ‘de-risking’ efforts
Asia Business Council
by Gabriel Huang
4M ago
For all the talk of the benefits reshoring and ‘de-risking’ can bring domestic workers, they also introduce new risks to people’s way of life. Neither the US nor China can afford to ignore these new risks, including limited job creation, expensive subsidies and greater material costs. The post US-China decoupling: inward turn could undo gains made in ‘de-risking’ efforts appeared first on Asia Business Council ..read more
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How businesses still upbeat on Asia can adapt to uncertainty as the new normal
Asia Business Council
by Colleen Howe
4M ago
China’s growth trajectory, the impact of global economic conditions, geopolitical tensions and ambiguity on the energy transition are all risks. But businesses can prepare by boosting in-house intelligence and diversity – both in recruitment and operations. The post How businesses still upbeat on Asia can adapt to uncertainty as the new normal appeared first on Asia Business Council ..read more
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Asia’s ‘thriving tiger’ economies have a chance to be trailblazers in a world disrupted by geopolitics and tech
Asia Business Council
by Colleen Howe
4M ago
Hong Kong, Singapore, South Korea and Taiwan have managed to hold their own against developed economies in other regions for decades. However, amid geopolitical fragmentation, game-changing technological advancements and social divisions, they need to adapt quickly. The post Asia’s ‘thriving tiger’ economies have a chance to be trailblazers in a world disrupted by geopolitics and tech appeared first on Asia Business Council ..read more
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How to upgrade Asean’s infrastructure as more global businesses turn to the region
Asia Business Council
by Colleen Howe
4M ago
From electricity to public transport and logistics, more inter-regional cooperation and investment is needed, as well as innovation. Hong Kong can both serve as a conduit for mainland Chinese investment into Southeast Asia and provide sustainability finance expertise. The post How to upgrade Asean’s infrastructure as more global businesses turn to the region appeared first on Asia Business Council ..read more
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US-China decoupling: inward turn could undo gains made in ‘de-risking’ efforts
Asia Business Council
by Gabriel Huang
5M ago
For all the talk of the benefits reshoring and ‘de-risking’ can bring domestic workers, they also introduce new risks to people’s way of life. Neither the US nor China can afford to ignore these new risks, including limited job creation, expensive subsidies and greater material costs. The post US-China decoupling: inward turn could undo gains made in ‘de-risking’ efforts appeared first on Asia Business Council ..read more
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Sweet smell of Vietnam’s durian export success shows China’s regional influence cannot be ignored
Asia Business Council
by Gabriel Huang
6M ago
The US is turning to Vietnam in its attempts to diversify supply chains and curb China’s regional influence, but that is easier said than done. Vietnam’s booming durian exports are just one example of its close economic dependence on China, complicating US ‘friendshoring’ efforts. The post Sweet smell of Vietnam’s durian export success shows China’s regional influence cannot be ignored appeared first on Asia Business Council ..read more
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Strategies for Asian business navigating a new era
Asia Business Council
by Gabriel Huang
6M ago
Asia’s business leaders should prepare themselves for potential turbulence as global dynamics shift and challenges escalate. Over the past three decades, Asia has reaped more benefits from a globalizing world than any other region, but that landscape is becoming more contested, and risks are rising. The region’s rise to prominence could mean that it finds itself in the eye of the storm. This article was developed by McKinsey, in collaboration with the Asia Business Council. It draws on new research from the McKinsey Global Institute (MGI), “Asia on the cusp of a new era,” and features the resu ..read more
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Strategies for Asian business navigating a new era
Asia Business Council
by Gabriel Huang
6M ago
Asia’s business leaders should prepare themselves for potential turbulence as global dynamics shift and challenges escalate. Over the past three decades, Asia has reaped more benefits from a globalizing world than any other region, but that landscape is becoming more contested, and risks are rising. The region’s rise to prominence could mean that it finds itself in the eye of the storm. This article was developed by McKinsey, in collaboration with the Asia Business Council. It draws on new research from the McKinsey Global Institute (MGI), “Asia on the cusp of a new era,” and features the resu ..read more
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