Advantages Of Trade With China

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I remember it was not so long ago that people imagined China was so, so far away. Now this kind of news is almost daily.

“Media and publishing group Bertelsmann on Tuesday announced the first big Sino-foreign wholesale book distribution business in China, as overseas investors seek new ways to get access to the country’s book-sales market.

Bertelsmann’s DirectGroup said it had set up a joint venture with Liaoning Publishing Group worth Rmb30m ($3.6m), with the Chinese group controlling 51 per cent“.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".