Despite current conventional wisdom that China will remain isolated from the financial crisis in Southeast Asia, a Kansas University expert on China's market is not as optimistic.
Terry Weidner, associate director of International Programs at KU, predicts economic difficulties in Southeast Asia will present China with stiff competition.
Weidner and Kansas City-area business leaders will meet from 8:30 a.m. to 12:30 p.m. Tuesday at the Black and Veatch training center, 11401 Lamar, Overland Park, to focus on what Kansas and Missouri businesses can expect of markets in China.
China does have a degree of protection given that its currency, the yuan, is not traded on international exchanges. However, China's economy is highly dependent on investment from Hong Kong and other Asian markets, and will face new competition as Southeast Asian countries are forced to cut export prices.
"The end result may be a deep drop in income at a time China desperately needs funding to sustain and restructure its economy," Weidner said.
The China program is the second of three "Executive Updates" on business conditions in international emerging markets offered collaboratively by KU; Rockhurst College, Kansas City, Mo.; and Black and Veatch of Overland Park.
Joining Weidner in presenting the Tuesday program will be Jeff Willis, managing director of Asia/Pacific for Preco Industries Inc., Lenexa; Albert Liu, director of international marketing for the Kansas Department of Commerce, Topeka; and Moufie "Mike" Allosi, president of Butler World Trade, Butler Manufacturing Co., Kansas City, Mo.
The final program in the series will be Dec. 2 at the Black and Veatch training center. Business leaders from Topeka, Wichita and Kansas City, Mo., will join KU faculty business experts to focus on markets in Brazil and Argentina.
For registration information, call Marilyn Hull, KU Division of Continuing Education, (785) 864-3284.