China is moving world markets, including American.

The gap between Chinese and American military will also close as economies balance out between the two countries.

Americans have stopped buying and China must learn to consume it’s own products.

The effect of this, combined with the resultant loss in appetite for American debt (Chinese buying US government bonds) to keep American interest rates artificially low so they buy Chinese products, and you have a rapid shift in power emerging. If the Chinese stop lending to America, American interest rates soar and Americans stop buying products which are of course, predominantly Chinese made.

“European Commission officials have estimated that “impaired assets” may amount to 44pc of EU bank balance sheets. The Commission estimates that so-called financial instruments in the ‘trading book’ total £12.3 trillion (13.7 trillion euros), equivalent to about 33pc of EU bank balance sheets.

China needs no such consensus- they just announced a stimulus package. Stock markets like this kind of leadership and direction and Chinese stocks have responded accordingly.

God Bless China

Chinese foreign investment law does not permit a Representative Office to carry out direct business activities.

A Representative Office should take special care when performing the following activities:

Billing Procedures: A Representative Office may neither collect money for its parent company nor invoice clients directly – this must be handled by the parent company.

Signing Contracts: All contracts must be signed by the parent company, although a Representative Office can negotiate contracts that are later signed by its parent company.

100′s of low cost franchises.

Many Representative Offices get around some of the inevitable inconveniences by independently seeking employment candidates, having the HR agency ‘refer’ these candidates to them, negotiating salary, etc. directly with these candidates and then having the HR agency make the official hiring referral to the Representative Office.

Activities Outside the Normal Scope of the Parent Company: Even though corporations in Western countries are generally allowed to participate in “any lawful activity”, in China a Representative Office is conceived of as part of the overseas parent company and must act within the parent company’s usual scope of business rather than opening up an entirely new business for its parent company