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[ID] => 8673
[post_author] => 13219
[post_date] => 2011-01-05 12:22:13
[post_date_gmt] => 2011-01-05 11:22:13
[post_content] => By now there is little doubt, if any, of the increasingly important role that China is playing in the world. Fifteen years ago there were discussions about China's or Chinese firms' potential worldwide. Today we are clearly not just talking about a potential but a reality. We have seen the growing self-assurance of China in dealing with both internal and external issues, and we have also started to see (and will doubtlessly see much more in the future) an increasing presence of Chinese firms across the world.
Li Keqiang, viceprimerministro chino. Foto: Bloomberg
With the growth of China in the world economy, it is also natural that Chinese firms will be supported by the government in their internationalization process, and that their actions many times, if not most, are very integrated into the government's international strategic objectives. A few years ago this coordination was clear when government officials from China visited different countries in Africa, bringing considerable investment from Chinese firms with them. More recently we have seen a similar trend in Latin America, and particularly in South America, where China has not only already become the largest trade partner with some countries, but also the single largest investor in others. The case of Brazil in 2010 is particularly illustrative. With Sinopec investing in oil and the China State Grid in electricity as possibly the most salient examples, China became the largest foreign investor in Brazil last year. Nor should we be surprised if the same happens in other South American countries.
While these two examples of increasing regional influence may be explained by the huge appetite of a growing China for natural resources, its more recent moves in Europe may be for somewhat different reasons. While Europe continues to constitute a huge market for Chinese firms, there are fewer natural resources that may interest China. Of course there are specific sectors and firms that China will be interested in investing in, but some of the more recent moves may be better understood viewed through a more political prism. As Europe struggles to overcome major poblems to recover from the Great Recession, while China holds immense reserves, if China comes to help the European countries by, among other things, buying their debt, then it would not only help the perception of China in Europe and in other parts of the world, but may also help to reduce the pressure for the revaluation of the yuan.
Countries that are being "helped" by China would feel somewhat more constrained in applying pressure for currency appreciation. As in the abovementioned cases, therefore, there is a coordinated action that fits very well with China's increasingly important role in the world. And if trends are anything to go by, we should be prepared to see a stronger global presence of China, both as a country and through its firms.
[post_title] => China's increasing role in Latin America and Europe
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[post_modified] => 2023-12-13 13:54:57
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By now there is little doubt, if any, of the increasingly important role that China is playing in the world. Fifteen years ago there were discussions about China’s or Chinese firms’ potential worldwide. Today we are clearly not just talking about a potential but a reality. We have seen the growing self-assurance of China in dealing with both internal and external issues, and we have also started to see (and will doubtlessly see much more in the future) an increasing presence of Chinese firms across the world.
Li Keqiang, viceprimerministro chino. Foto: Bloomberg
Por otra parte, la evolución del paro registrado en el conjunto de 2010 no ha tenido los incrementos de la magnitud de los años anteriores, pero aún así ha seguido creciendo. Así, el año 2010 se ha cerrado con un aumento de 176.470 desempleados registrados en las oficinas de empleo, lo que ha elevado la cifra total hasta los 4.100.073 parados. Es cierto que en diciembre el paro ha bajado, lo que no es frecuente en España, pero eso no esconde que 2010 ha seguido siendo un año malo para el paro registrado. Desde el inicio de la crisis el paro registrado ha aumentado en casi 2,1 millones de personas.
Por tanto, 2010 pasará a la historia del mercado de trabajo español como un año no tan catastrófico como 2008 o 2009 pero, sin duda, como un año con un balance francamente negativo.
Y la pregunta inmediata es qué esperamos para el nuevo año. Pues todo parece indicar que en cuanto a cifras de desempleo estamos tocando techo, es decir, que previsiblemente en 2011 veremos oscilaciones intermensuales en ambos sentidos (además la primavera es la época más positiva para una serie no desestacionalizada como la del paro registrado), pero en el conjunto del año nos encontraremos con variaciones cuantitativamente pequeñas. Es decir, que el estancamiento económico se trasladará al mercado de trabajo y no esperamos una caída intensa del paro ni una estimulación notable de la creación de empleo.
[post_title] => El 2010 nos deja un balance de 218.000 empleos destruidos
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[post_modified] => 2023-12-13 13:42:44
[post_modified_gmt] => 2023-12-13 12:42:44
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