15 things we learnt at asia trade
Post on 21-Oct-2014
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New global trade relationships are a manifestation of what will become a multi-polar world, with Asia emerging as a new engine of growth. The Asia House Signature Conference, 'Asia Trade – Shaping the 21st Century' organised in partnership with HSBC, saw 14 experts discuss the impact of trade on Asia’s relationship with the UK and examined how the rise of a new global currency will reshape the global monetary system.TRANSCRIPT
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20 Things We Learnt From our Signature Conference:
Asia Trade – Shaping the 21st Century
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Shenzhen, Guangdong & Hong Kong together have 45 million people, making the conurbation one of the
largest economic centres in the world – James Emmett, HSBC
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2Last year just 0.63% of global trade
was settled in Chinese RMB – Professor Chris Dixon, Global Policy Institute
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There are over 160 cities in China with a population of more than 1 million
– James Emmett, HSBC
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4In 50 years, the demand for energy
in Asia will have doubled– Simon Henry, Shell
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5Car sales in China have increased
by 10% in the past 2 years - Erica Ng, Hong Kong Economic & Trade Office
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6The Philippines has posted a 7.8% economy growth rate in the first quarter of 2013. This is the highest in Asia.
– HE Enrique Manalo
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7If a currency becomes convertible,
it takes a lot of power away from the government. – Dr Harsha Singh, WTO
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8ASEAN’s trading bloc is bigger
than that of the European Union. – Lord Green, UKTI
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9It is often profitable for Western countries to trade
in RMB when doing business in Asia. – Bridget Walsh, Ernst & Young
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10Half of Asia’s trade is intra-regional.
– James Emmett, HSBC
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11During Q1 of 2013, the British economy
grew faster than that of Singapore. – Lord Green, UKTI
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12China’s appetite for luxury goods grew by 6% last year
– Erica Ng, Hong Kong Economic and Trade Office
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13Urban household income will double in China by 2022
– James Emmett, HSBC
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14When trade winds affected the number of ships arriving
in British ports, trade was considered so vital that the Bank of England had a weather vane on its roof
– James Emmett, HSBC
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15The Silk Road is perhaps the last
great global trade route yet to be opened – Stephen King, HSBC