Asia Days was a two-day conference held at the University of St. Gallen on 12 and 13 March 2019. This annual conference brings together experienced professionals and students through panels and workshops with the overall goal of generating insight into the growing business world of Asia as well as enhancing cultural awareness and an understanding of Asian cultures.
by Markus Braun
China’s economic rise is one of the most impressive growth achievements ever seen. But such a rapid development also raises many questions: How will the new world order look and what are the prospects for rules-based, multilateral trade? Against this backdrop, more than 300 interested parties discussed and debated the trade war between the US and China.
In a two-hour session, panelists Simon Evenett – Professor of International Trade and Economic Development at the University of St. Gallen, Oliver Adler – Chief Economist for Credit Suisse Switzerland, and Markus Braun – Senior Lecturer at the ZHAW School of Management and Law – discussed the implications of a trade war between the world’s two largest economic powers and the possible outcome of this conflict for Europe.
Moderator Eunice Zehnder – Board Member of the Asia Society – asked panelists to expand on the root causes and possible outcomes of the trade war. Key topics were Chinese investments in Europe, including Switzerland, the Renminbi currency valuation versus the U$ and Euro, as well as west vs. east technology transfer and innovation potential. The audience raised many questions regarding the implications of the trade war on Europe, the standoff between China and the US regarding 5G communication technology, and the future prospects for Hong Kong.
Following a lively discussion, President of the Asia Club HSG, Beatrice Phua, a former ZHAW student, thanked the audience and panelists for their participation.