The China’s luxury Consumer Price Index (CPI) rose 3.6% on a yearly basis in 2017, both based on more wealthy Chinese, and an uptick in the money they spend. Chief researcher of the Hurun China rich list Rupert Hoogewerf says expenditure on real estate, Tesla and Baijiu going up, he tells in Asia Times.Read More →
Despite the election of Donald Trump, increased immigration barriers to the US and increased animosity between China and the US, the US is still the top destination for rich Chinese leaving their country, says China Rich List researcher Rupert Hoogewerf. Although the number of rich leaving their country is dropping, he tells the South China Morning Post.Read More →
Trump properties might have gotten some extra glamour after their name-giver became president of the United States. But China’s rich have historically shown very little interest in the Trump assets, says Rupert Hoogewerf, chief researcher of the Hurun China Rich List, and it is unlikely going to change, he tells the New York Post.Read More →
For the second year more billionaires call Beijing their home than New York, says the latest Global Hurun Rich List report. Concentration of capital into a few hands is outpacing the global creation of wealth, says Hurun chairman Rupert Hoogewerf to ECNS.Read More →
While US president-elect Donald Trump prepares to be sworn in, global business leaders worry what the near future might bring them. A trade war, business as usual or something in between? US-China economic relations for sure need a re-set, tells leading economist Arthur Kroeber, and author of China’s Economy: What Everyone Needs to Know® in the Chicago Tribune.Read More →
Chairman Jack Ma of Alibaba promised US president-elect Donald Trump a million US jobs, but what he might get, says retail analyst Ben Cavender at CNN, are very, very few real jobs. “I don’t see a lot of job creation happening.”Read More →
China´s state media have gone in overdrive pointing out, what they call, the decline of US democracy, Zhang Lijia, author of Socialism Is Great!: A Worker’s Memoir of the New China tells at CNN. “They have gone into an overdrive,” she tells, although the official reactions have remained polite, naming this a win-win situation. Hillary Clinton, much more than Donald Trump, was seen as a potential anti-China force in the US.Read More →
US judicial authorities have arrested the Chinese national Fuyi “Frank” Sun for trying to steal carbon fiber, used for military and aerospace applications, defense analyst Wendell Minnick writes in Defense News. Sun was caught by an undercover unit of Home Land Security (HSI).Read More →
Beijing is now having more (US$) billionaires than New York, says Hurun rich list founder Rupert Hoogewerf in his latest report, according to AP, despite the fierce drop in stock prices of the last six months. “People will look at China the same way that people looked at Stanford or Silicon Valley in the 1990s.”Read More →
Alibaba shares have gone up since their massive IPO, but the situation is very volatile, says business analyst Shaun Rein, according to the Drum. The hedge funds are waiting for their chances, and they might come soon as the company releases its figures on Thursday.Read More →
Reviews and awards for Shaun Rein´s latest book The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia are flooding in, just in time to order your Christmas present. Today Bill Hayes the Financial Professionals´Post of the New York Society of Security Analysts look at Shaun´s recent book.Read More →
After lengthy negotiations Alibaba picked the New York Stock Exchange for its listing, not a Chinese stock market, or even not Hong Kong. Financial analyst Sara Hsu still sees hope for the Chinese stock markets, she writes in TripleCrisis. China has to reform its exchanges, as a part of its financial reforms.Read More →