Jan 20, 2021
The relationship between the U.S. and China has deteriorated over the last four years. Barely missing a beat from the coronavirus pandemic, China is the only major world economy to post positive growth during the pandemic period, at a rate of 10% at that. China is now 1/6th larger than the U.S. economy measured by Purchasing Power Parity (PPP), and is projected to outpace the U.S. economy by 135% in just three years’ time, by 2024. China, moreover, has almost completely displaced the U.S. as the lead trade partner for most nations around the world, toppling the U.S. from that perch with Germany just last year. And China, as the new Asia Pacific Hegemon, recently formed the Regional Comprehensive Economic Partnership, with virtually all Asia Pacific nations, including historically Japan and Korea. Joining me for this conversation is Seoul, Korea based Paul Kim, to explore the potential turbulence between a once-hegemonic U.S. and the now-hegemonic China. Paul also shares updates from other Asian countries that might affect multinationals doing business in Asia.
Paul is graduated in Economics from the University of Chicago, with highest honors, and obtained his Juris Doctorate degree from Harvard University. Paul currently serves in private practice as a Corporate Partner in Sheppard Mullin’s Seoul office advising clients on cross-border mergers and acquisitions (M&A), private equity, venture capital and securities transactions, restructurings and multi-jurisdictional disputes.
What We Discussed in This Episode:
Graham Allison article - “China is Now the World’s Largest Economy. We Shouldn’t Be Shocked.”
Paul’s Sheppard Mullin attorney profile
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