
Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
December 7, 2022: -A month to consolidate power at home, President Xi Jinping has been going onto the world stage and strengthening relations with the U.S. and other countries.
In all, xi has been meeting with over 25 heads of state, including U.S. President Joe Biden, since October 31, stating that the count of releases on the Foreign Ministry’s English-language website of China. In October, xi is over regarding a leadership reshuffle of the state Chinese Communist Party that packed the options with his loyalists and is being paved the way for him to provide an unprecedented third term as President.
Most recently, Xi hosted the President of the European Council, Charles Michel, in Beijing. That coming German Chancellor Olaf Scholz’s visit in early November, the initial Western leader to do so from the pandemic.
“This year, we see coming out ever since his SCO trip, coming out more and engaging with the international community,” stated Michael Cunningham, research fellow of China at The Heritage Foundation’s Asian Studies Center. “That will be challenging for the U.S.”
Cunningham said U.S. efforts building overseas coalitions had been helped by Xi’s absence since the international stage for much of the previous three years.
The meetings come following the war between Russia-Ukraine, and Covid restrictions on travel push Beijing and the West apart. Tensions over Taiwan this summer have strained U.S.-China relations.
“Xi to restore his pre-pandemic level of diplomacy in bilateral meetings with every state leader to attend the G20 summit in Bali,” Eurasia Group people said in a November 18 report. “He met with the group of advanced industrial democracies for the initial time since the pandemic began between fraught relations between China and the West. Most of Xi’s discussions fueled a positive outlook stabilizing relations.”
Xi finally met Biden in person for the first time as U.S. president on November 14, signalling a pause in this year’s low spiral of relations between the world’s two significant economies. The week tracking, the countries’ military leaders met for the initial time since U.S. House Speaker Nancy Pelosi’s Taiwan holiday in August.
The high-stakes Xi-Biden conference signalled to some in China that relations with the U.S. aligned more with vague language that Beijing often uses, like “mutual respect” and “win-win cooperation.”
“For China, the wording carries a few token symbolism, that is equality,” stated Shen Yamei, deputy director and associate research person at state-backed think that China Institute of International Studies’ department for American studies. “We need to take our relations on equal footing by respecting over and win-win cooperation, instead of, as the U.S. communicated, the U.S. deals with others from a position of strength. That is not equal.”
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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