Horasis the Global Visions Community hosted 500 delegates in the beautiful Ukrainian city of Kiev this past week for its 14th annual Davos style Horasis China meeting; an annual meeting of the minds with delegates from the business, finance and government communities converging on Kiev to talk about all things China.
Resonance’s Paul McNeill was once again in attendance to host an illustrious panel on the subject of “Unleashing Chinese Firms’ Global Investments”. Over the 90-minute roundtable discussion, a lively debate was held over the merits of the Belt & Road Initiative, the shift away from US investment, the curbing of “Irrational Outflow” of capital, funding of overseas acquisitions and the focus on key knowledge industries such as biotech, automotive, healthcare, and technology.
With the participation of among others; Zhi Peng the President of Tsinghua Asset Management, Ge Ming, the Chairman of the supervisory Board of the China M&A Association and Aivaras Abromavcius Economics Minister of Ukraine (2014-16) an open and insightful debate was conducted.
Over the two days, 30 interactive discussions were held at this invitation-only meeting, with many old friendships renewed and new friendships forged over business ideas, ideologies, and networking events. This unique event continues to build momentum with its approach to constructive dialogue and the broad range of topics covered and with Las Vegas a destination for 2019, the ongoing trade spat with the US will no doubt be one of the many subjects on the agenda.
Key takeaways from a few days intense dialogue:
- China continues to develop from a manufacturing economy to a knowledge economy
- Outbound investment is across the globe but is shifting from commodities to know-how investments
- China continues to the lead the way in e-commerce solutions and is finding new innovative solutions for the convergence of offline and online retail
- The outward thinking younger generation of Chinese have all the knowledge at their fingertips and the confidence of seasoned travelers to further fuel the growth of global travel destinations and brands