{"id":169909,"date":"2025-11-08T14:54:07","date_gmt":"2025-11-08T14:54:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/169909\/"},"modified":"2025-11-08T14:54:07","modified_gmt":"2025-11-08T14:54:07","slug":"look-to-the-rising-global-south-ex-diplomat-tells-chinese-businesses","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/169909\/","title":{"rendered":"Look to the \u2018rising\u2019 Global South, ex-diplomat tells Chinese businesses"},"content":{"rendered":"<p>Chinese businesses should pivot their attention to the \u201crising\u201d <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/global-south?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Global South<\/a> such as Africa and the Middle East while minimising foreign investment risks through localisation, according to a former senior diplomat.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Le Yucheng, who was a Chinese foreign vice-minister from 2018 to 2022, offered the assessment on Wednesday at the Hongqiao International Economic Forum in Shanghai, held as part of the China International Import Expo (CIIE), one of the world\u2019s largest trade fairs.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The annual six-day expo drew more than 4,000 companies from around the world, according to its organiser, the CIIE Bureau, a unit of the Ministry of Commerce.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">At a session examining open trade and security-based development, Le argued that diversification and localisation were crucial for Chinese enterprises going overseas.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The retired diplomat said that in a world of diversified development, players should not put all their \u201ceggs in one basket\u201d, adding that one \u201cshouldn\u2019t focus only on the European and American markets\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">He described the Global South as \u201crising\u201d and said markets in Asia, Africa and Latin America were \u201cgrowing rapidly\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese businesses should pivot their attention to the \u201crising\u201d Global South such as Africa and the Middle East&hellip;\n","protected":false},"author":2,"featured_media":169910,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[4204,2786,22081,8069,79,381,94010,97221,179,18,11563,8948,97220,19,17,11992,97222,8820,1488,2792],"class_list":{"0":"post-169909","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-africa","9":"tag-asia","10":"tag-belt-and-road-initiative","11":"tag-brics-countries","12":"tag-business","13":"tag-china","14":"tag-china-international-import-expo-ciie","15":"tag-chinese-enterprises","16":"tag-economy","17":"tag-eire","18":"tag-european","19":"tag-global-south","20":"tag-hong-kong-trade-development-council","21":"tag-ie","22":"tag-ireland","23":"tag-latin-america","24":"tag-le-yucheng","25":"tag-middle-east","26":"tag-ministry-of-commerce","27":"tag-shanghai"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115514655599610152","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/169909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=169909"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/169909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/169910"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=169909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=169909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=169909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}