Prepare for Unexpected Shocks in the Global Marketplace

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"Resist protectionism" and defend globalization.  That's what Premier Li Qiang recently told a gathering of global executives in Beijing.  He went on to say that China is prepared for “possible unexpected shocks."

CEOs including Apple’s Tim Cook, FedEx’s Raj Subramaniam and Pfizer’s Albert Bourla gathered in the Chinese capital over the weekend for a two-day forum that comes as US President Donald Trump has ratcheted up trade pressure on China in a bid to rebalance what he sees as an unfair relationship.

Premier Li Qiang said, “We have prepared for possible unexpected shocks, which, of course, mainly come from external sources. Where necessary, the Chinese government will introduce new policies to ensure the smooth operation of the Chinese economy.”

Trade uncertainties loom.

Today in Global Small Business: Lean on E-Commerce to Collect VAT?

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What's affecting me, my clients, my colleagues and other global small business owners:

• The Chinese government moves to support SMEs during tumultuous trade wars.
• Quote of the week:  When it comes to "people moments," Beth Ford turns to others for counsel.  Early in her career she says, she learned to watch and learn form the behavior of "folks who are excellent at what they do.” – WSJ on Beth Ford, Chief executive, Land O'Lakes Inc.
• As Brexit looms large for SMEs, banks step in to offer help and support.
• Female business owners face a unique set of challenges in their entrepreneurial endeavors.
• FedEx sees international shipping that adopts blockchain standards as a single, standardized ledger. 
• Tax authorities worldwide lean on e-commerce sites to collect VAT.