World Economic Forum gets China’s perspective on trade tensions
“Wang Qishan said that China’s current success should be viewed in the context of the country’s long history.

Logistics in the News
Potential DSV acquisition of Panalpina takes a turn with Agility now in the mix FTR’s Trucking Conditions Index sees significant gain AAR reports mixed volumes for week ending February 9 XPO Logistics reports strong Q4 and full-year 2018 earnings results Chapter 11 filing and employee letter shed more light on NEMF’s bankruptcy development More Logistics NewsLogistics Resource
8 Methods to Improve Your Forecast Accuracy
All Resources
While Chinese Vice-President Wang Qishan may have been trying to persuade the global business elites gathered last week at the in Davos that his nation’s economy remains resiliant, U.S. shippers may not be buying his outlook.
“One thing that is certain is that China’s growth will continue and be sustainable,” he said, adding that many countries – including the U.S. – “are increasingly looking inward” when making [trade] policies.
, Chief Economist, , is among those taking issue with other assertions made by the Chinese vice president.
Here is an insight he shared with LM today:
“Wang Qishan said that China’s current success should be viewed in the context of the country’s long history. He said that the Chinese Communist Party succeeded in transforming a weak agrarian economy into the world’s second largest economy. He made frequent references to China being on a “socialist path with distinctive Chinese features.” He also made references to imbalances in China’s economy and the need for structural reforms. This is an area where China’s success has been limited.
Wang said that western economies put too much importance on efficiency and not enough on equality. This is a little ironic since China has had one of the most rapid increases in inequality in the past couple of decades.”
As noted in our annual Rate Outlook, logistics managers remain concerned about the ongoing trade tensions with China, and how to mitigate risk if the situation worsens.

About the Author

Subscribe to Logistics Management Magazine!
Subscribe today. It's FREE!Get timely insider information that you can use to better manage your entire logistics operation.


State of Global Logistics: Time for a reality check Preview some of the innovations you will see at ProMat 2019 View More From this Issue
