Income inequality in the USA is larger than in China and Iran, says a report from the CIA, even though China has a huge income divide too. But one part it has done better than the USA: it taxed the rich, where the money is, not the poor, says business analyst Shaun Rein in Forbes. Read More →
North-Korea’s new leader Kim Jong-un has been prepared for his new job, probably better than most observers know, says historian and research Paul French, author of the North Korea: The Paranoid Peninsula: A Modern History, Second Edition in Channel 4 news.Read More →
China’s local government have been financing their wealth mostly by selling off land. As debts to fuel economic growth rise, more land sales might be on the agenda, tells financial and political analyst Victor Shih in Bloomberg, increasing the gap between rich and poor.Read More →
US Congress intends to pass a currency bill, potentially triggering off a trade war with China by imposing tariffs on trade, notes business analyst Shaun Rein with increasing amazement in CNBC.Read More →
When Liang Wengen, currently China’s richest entrepreneur, is voted next year into the Central Committee, that is largely a symbolic move, illustrating the symbiotic relationship between the Communist Party and private entrepreneurs, tells Rupert Hoogewerf or Hurun in CNN.Read More →
China’s super rich massively try to get foreign passports, but it is not because of fear for government interference, discovered business analyst Shaun Rein in 36 interviews. China’s rich go abroad because of the poor health care and poor education, he writes in CNCB.Read More →
Taiwans Ministry of National Defense will continue to deter China’s military treath, as both China and the US get closer on issues like the sales of F-16’s, tells Taiwan’s defense minister Andrew Yang in an interview with our defense expert Wendell Minnick for Defense News. Read More →
The world’s major stock markets braced for a black Monday, but also China’s financial policy makers have had a sleepless weekend over the US downgrade by S&P, Shaun Rein writes in the CNBC. They get now very vocal on the financial problems of the US.Read More →
President Barack Obama has to strike a balance on one lingering problem: is Taiwan getting its new F-16’s or not. Defense expert Wendell Minnick believes Taiwan might get an upgrade, but no new F’16’s, possibly jeopardizing Sino-US relations he tells M&Q.Read More →
Nestle’s anticipated mega deal brings back the US$ 2.4 bn deal by Coke, rejected in 2009 by the Ministry of Commerce for fears the new company would dominate the market. While Nestle’s deal is huge, it has not Coke’s problems, tells Shaun Rein in Fortune.Read More →
China’s debts could be as high as 150% of its GDP, higher than that of the US and Greece, says political analyst Victor Shih in Aljazeera. But is should reform its inefficient economy to deal with that debt. Read More →
The US have again blocked a US$ 8.7 bn Taiwanese order for F-16’s, writes Wendell Minnick in Defense News. The move to please China, might cost the US up to annual 16,000 jobs, according to Lockheed Martin.Read More →