Economic Conditions Turkey and China

Leangle.net - According to my friend is Erizeli say that in Ankara Turkey is now state of the economy downturn. Economic fundamentals cracked. It is characterized by increased banking risk, loan to deposit ratio is high and rising non-performing loans, which further eroded CAR. As a result, many Bank in Turkey to stop the expansion of credit. The corporate world stuck. Asked for help from America and Europe are not possible. Because both countries are being hit by the financial crisis. Foreign private investors are reluctant to enter because of the risk conflict in Syria and Iraq threatens Turkey territory. Many times Missiles on Turkey territory. Turkey is facing a serious problem.
So that the development process moves then Turkey should attract the hearts of China's entry into Turkey. This effort has been done since a few years ago. But not easy, especially with the rise of anti-Chinese demonstrations in Turki.Di added again Ankara's decision to cancel missile defense system deal that was originally awarded to a Chinese company. Which in one after another of Beijing's decision to tighten visa requirements for Turkish passport holders. Even so China last year was granted a loan of Eruo 1.8 billion or Rp. 25 trillion in the form of export credits. Another issue before the Chinese are not so comfortable friends with Turkey different political policies in particular international anti-China stance that Endorgan. That is why there are 46 756 registered FDI in Turkey on January 1, 2016, only 739 were owned by Chinese. But now the situation turned around. Turkey should be able to win the love China.Kedepan China will dominate FDI in Turkey ...
Although some organizations in Turkey rejected the presence of China, but the government Turkey does not have any other choice. The threat of economic fundamentals turkey can only be resolved when the money market and a healthy banking. At least Turkey can emulate Greece and Iran could recovery thanks to the support of China. That is why this year the FSA Turkey gave permission to the Bank of China (BOC) to open a branch in Turkey. Previous ICBC (Industrial and Commercial Bank of China) had already entered by acquiring local banks. So practical banking giant Chinese state-owned enterprises leading moving business world ensure Turkey. Both banks will become an investment gateway to Turkey. Proven now Bank of China has become the second largest lender in Turkey, and this is certainly a positive development, both in terms of availability of funds for the Turkish private sector as well as for the advancement of cooperation between Turkey and China.
For China business is crucial to have a foothold in the financial markets of Turkey, because Turkey has the eighteenth largest economy in the world and a strong private sector that has the ability to continue to move forward despite political and economic instability. In addition, the expected progress as inisiatiff "One Belt, On The Road" (Torch) and the strategic location of Turkey as a trade route linking Asia and Europe is expected to open up the prospect of a profitable business to China in the near future. For Turkey, the presence of BOC and ICBC is the largest bank in china is a realistic attitude amid the economic crisis due to weakening confidence of international investors and increased geopolitical risks. Turkish Deputy Prime Minister Mehmet Simsek said that the BOC would "contribute to efforts to attract Chinese investment to Turkey and increase financing opportunities for the private sector."
Most elite addressing Turkey's cynically. They are not so sure that China is serious about providing support and investment financing. But this doubt in tepis by the government of China and Turkey. November last year signed an agreement between Turkey and China to build a rail line from China to turkey and connected with all countries in Central Asia. This would involve huge funding and certainly realized that in Turkey the business world and the money market will be excited. It samahalnya with China's ambition linking ASEAN with China through the construction of railway line from Nanning (Guangzie) to Singapore through Thailand, Malaysia. Five years ago I was shocked when a friend in Europe said that the silk road to Europe has been penetrated by China with usainya takeover process Seaports (Greece) Pier Two by Cosco (SOE china in the field of shipping). Now Turkey has also become a part of China's geostrategy.
No more Idiology or religion as the basis of cooperation. The world is now talking about economic interests. Who can help, then he is a friend. The world more open and increasingly dependent on each other. Plus, the world was more densely populated while the carrying capacity of the consumption needs of increasingly limited. Thus cooperation based on equality can not be avoided. Let wise addressing the global situation.Source

Title: Economic Conditions Turkey and China
Posted by: Andi Leangle
Published : 2016-08-18T06:35:00+07:00
Rating: 3.5
Reviewer: 5 Reviews
Economic Conditions Turkey and China

Tweet

Subscribe to receive free email updates: