The Shanghai skyline is seen near a U.S. flag on an embassy car outside a hotel where U.S. trade negotiators stayed in Shanghai on July 30, 2019. China is likely to become the world’s largest economy in less than a decade and, by some metrics, is already the premier global economic power. What are the best strategies for U.S. businesses and policymakers to navigate this seismic shift and stay viable amid dynamic global changes? The China Challenge Summit is aiming to provide some answers.

Ng Han Guan, Associated Press

“China is now the world’s largest economy.”

How far away are we from that headline?

Experts have pegged the date as arriving in the next 10 years or so, and the likely dethroning of the U.S. economy, which has held the global top spot since the late 19th century, will mark a seismic shift of power that’s been decades in the making.

But what steps can U.S. businesses and public policymakers take right now, as China elevates both its internal repression and external aggression, to stay viable in a fast-changing world?

Addressing those issues and providing insight and tactical guidance is at the heart of Thursday’s China Challenge Summit, presented by World Trade Center Utah and Utah Valley University.

Organizers are billing the daylong event as an “unprecedented gathering of the nation’s top geopolitical thinkers, policymakers and business executives to provide U.S. businesses, government leaders and civil society with a deeper understanding” of the most critical issues, including:

China’s geopolitical strategy and U.S. foreign policy toward China.
China’s economic, trade, business and foreign policies.
How U.S. businesses and policymakers should respond to these challenges.

The extensive list of speakers and presenters include Jon Huntsman,Jr. former Utah governor and U.S. ambassador to China and Russia; Nicholas Burns, current U.S. ambassador to China; former deputy national security adviser Matt Pottinger; Glenn Tiffert, research fellow at the Hoover Institution; Lingling Wei, chief China correspondent at The Wall Street Journal; Mary Lovely, senior fellow at the Peterson Institute for International Economics; Damien Ma, managing director at the Paulson Institute; Miles Hansen, president and CEO of World Trade Center Utah; Astrid Tuminez, president of Utah Valley University; and many more.

How fast has China been able to assemble this new economic might?

In 1960, …read more

Source:: Deseret News – Utah News


China will soon be the world’s largest economy. Are U.S businesses ready?

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