|
|||||
|
Monthly Archives: May 2014
Save the Date: June 18 China Consumer Trends Talk
|
Merx 2014: The China Panelists Introduction
Earlier this year, the Northern Kentucky Chamber of Commerce approached many of the area’s international non-governmental organizations — Chinese Chamber included — to participate in an international trade summit called Merx.
According to a NKY Chamber official, this international trade summit has been held for many years, but only recently has it been called Merx. This year’s event, slated June 5 from 8 am to 1 pm, will feature panels organized by the international NGOs in the area whose experts will talk on the doing business in their respective regions. The Chinese Chamber, of course, will have a fine line-up of experts from both sides of the Pacific.
For more information and to register for Merx 2014, click this link now. Read more to learn about our panelists.World Bank: China Set to Pass U.S. Economy This Year
The big headlines in international news came following the release April 30 of an International Comparison Program report that suggests China’s economy will overtake the U.S. and India will rise to number three over Japan.
Of course, as with any report of this magnitude, you have to take the whole situation into perspective. The report relies heavily on a variable called purchasing power parity (PPP) that shows the power of the Renminbi in China becoming more powerful than the U.S. Dollar in the U.S.
Simply put, getting a hair cut in Beijing is far cheaper than the same quality hair cut in New York City. That’s a simple way of looking at it. The Financial Times did a great video explaining the report.