Written by: Darien Bryant
“Not only will this partnership benefit WFOE’s and foreigners but also could provide a model for China as they try to modernize rural areas, where half the population still lives.”
Job creation is, and will continue to be, a critical discussion for many nations. The Obama administration tried to hang their hat on this topic, Trump and his administration aspire to do the same.
Jack Ma and U.S. president-elect Donald Trump discussed job creation in the USA through Alibaba in their recent meeting. Using the platform Alibaba, the proposal is to link small American businesses, particularly in the inner states, to the Chinese market. If these plans were to manifest, the increased input of foreign goods to China would facilitate and encourage the creation of more Wholly Foreign Owned Enterprises (WFOE) as well as foreign employment in China.
A successful cooperation would fuel a boom in new US and China-based trading companies. For successful products, a registered WFOE (Wholly Foreign Owned Enterprise) in China would create new jobs for Foreigners and Chinese locals. During their conversation, Donald Trump and Jack Ma payed special attention to American agricultural products. With China’s tight regulations on imported consumables, the near-future could ease the entry barriers for food & beverage trading companies.
While still too early to call, a successful partnership between the U.S. president and one of China’s most polarizing businessmen could be beneficial for the relationship between the two countries. Not only will this partnership benefit US citizens and WFOEs but also could provide a model for China as they try to modernize rural areas.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row]