The role of the global business community is to create good relations between the world's two largest economies. It takes pride in getting the top Global 500 companies up to speed about China every year. China is the largest market in the world, for many of them. How do they see the relationship between China and the U.S. and its impact on their bottom lines? How vocal are they in encouraging the relationship to be stronger? CGTN Senior Correspondent Tian Wei talked to Frank Mars, a board member of candy-maker Mars Inc., who's also the global president of Mars symbioscience.
He came to China not long after the country joined the WTO, and witnessed the dramatic changes taking place here. It has given him the luxury to put things into perspective, and remain calm when there are changes to the global supply chain.
"I think there will be competition between industries all the time, so long as the competition is fair. Competition is a good thing. With the new Foreign Investment Law coming into the fact, I think that is going to help things dramatically, to be honest. We operated in China for 40 years successfully with great support locally; we had challenges here and there. For the most part, we have been supported, so it is a good place to do business. The country is going to come back being the world largest economy," said Mars.
China has overtaken the United States in global leadership approval rating. That's according to a Gallup poll conducted in 134 countries. The median approval of China's leadership in those countries was 34 percent, compared with the 31 percent of the U.S., and 30 percent for Russia. Gallup says the global approval of the U.S.'s leadership is the lowest among the past three U.S. president's administrations, and that it could have implications for America's soft power abroad.
Mars also believes that China is going to be the world leader again, which is something people recognize and adapt to, rather than something people fight. Speaking of the trade dispute between China and U.S., Mars highlighted that trade dispute don't do anybody any good. "Trade war doesn't do anybody any good. It hurts everybody. But it is for political win allow people get voted, which is unfortunate situation right now. I am hoping the conversation is moving forward in a positive way, we will get back to free trade on the things of matter," Mars told CGTN.
(If you want to contribute and have specific expertise, please contact us at email@example.com.)