But unlike Bill Clinton, Obama has hardly mentioned China in his campaign and I agree with Paul Woodward that a similar protectionist line is now highly unlikely. But for other reasons, Woodward suggests that Chinese companies might focus more on China itself:
Interesting to see Joe Tsai of Alibaba then predicting to Reutersthat he expects 50% of their B2B revenues to be coming from within China in the future. That would be up from 36% today. At the same time, the article reports that Alibaba is cutting prices for many of its manufacturing customers whose businesses are really hurting right now.Update: Thomas Crampton caught some comments by former Hong Kong governor Chris Patten, who seemed to be - slightly - worried by Obama's take on trade.
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