Spending might be down, under the pressure of an ongoing anti-corruption drive, but the number of super-rich in China is going up, according to Rupert Hoogewerf, founder of the Hurun China rich list at AFP. Beijing is still leading before Shanghai and Guangdong.Read More →
While the jury is still out on how well the iPhone6 will do on the market, and especially among the spoiled Chinese consumers, China´s export will certainly get a boost, thanks to Apple´s latest gadget, tells retail analyst Ben Cavender in CCTV.Read More →
Raising children with a mixed racial background in China is a struggle, tells author Zhang Lijia in the South China Morning Post. Why is it so hard to make them love anything Chinese, she wonders, looking at her two daughters.Read More →
China has announced it will cut salaries of key managers at its state-owned banks. A bad idea, tells political scienist and financial analyst Victor Shih in Businessweek. An exodus of bankers would cause “a big mess”.Read More →
Hong Kong´s political future, and how its leader is being elected, has caused major upheaval in the past month. Those political choices have a profound influence on the city´s economic future, warns financial analyst Sara Hsu in the Diplomat.Read More →
Two years after author Shaun Rein published his book The End of Cheap China, the country´s manufacturers start feeling the pain from export moving to cheaper countries. This painful adjustment might take another 3-5 years, he tells Bloomberg.Read More →
White goods producer Haier has an amazing story of change, where its CEO Zhang Ruimin reinvented the company, three times, tells IMD-professor Bill Fischer in CKGSB Knowledge. Fischer is co-author of Reinventing Giants: How Chinese Global Competitor Haier Has Changed the Way Big Companies Transform.Read More →
The newly established Bureau of Real Estate Registration might signal a new track for the central government to control its unruly real estate sector, writes financial analyst Sara Hsu in the Diplomat. “The real estate registration system will increase transparency in property rights, which is certainly an improvement over the murkiness of today’s diverse and localized registration platforms.”Read More →
When a Chinese J-11 fighter challenged a US Navy P-8 Poseidon on Aug. 19 near Hainan Island, it triggered off a debate on the way the US performs its surveillance strategy, writes defense analyst Wendell Minnick in Defense News.Read More →
China and the West are heavily competing about access to Africa, if we may believe many media reports. But that is a gross simplifications of what is really going on, says author Howard French, China’s Second Continent: How a Million Migrants Are Building a New Empire in Africain the Mail&Guardian.Read More →
When the Hu-Wen government abolished the agricultural tax, everybody sang high praise. But it robbed local governments from their only source of income, apart from land sales and its corrupt practices. The National Audit Office is now trying to correct some of those wrongdoings, writes financial analyst Sara Hsu in Triple Crisis.Read More →
Chinese consumers bought US$176.1 billion worth of goods online in the first half of 2014, almost 10% of all retail sales. Great potential, admits financial analyst Sara Hsu in The Diplomat, although there are also major barriers for its development.Read More →