Returns on China’s stock markets have been great, but that reflects only marginally on the consumer market, warns Shanghai-based business analyst Shaun Rein at CNBC. Only six percent of Chinese citizens hold equity, unlike, for example, the US, he says. 90 Percent is still trading down and not spending more on luxury goods, he adds.Read More →
China’s legislators have set another step on regulating data security, this time for the automotive industry, but publishing a draft for comments. China-lawyer Mark Schaub gives an overview of the plans for the China Law Insight. “Companies would be well advised to conduct a systematic review and assessment of the current state of their data handling,” he concludes.Read More →
Autonomous driving cars cause a range of issues, for example on collecting data to make them possible. Lawyer Mark Schaub looks at the legal issues when foreign companies have to send data to their headquarters outside China, for the China Law Insight.Read More →
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 →
Luxury good producers like Louis Vuitton and Porsche do not have to panic after Robert Frank’s WSJ article suggesting China’s wealthy stop spending. Frank looked at the lower middle class, argues business analyst Shaun Rein in CNBC. According to his research, the real wealthy Chinese spend more than ever.Read More →
China’s efforts to cool the economy make it harder for the country’s millionaires and billionaires to spend their capital, writes Shaun Rein in CNBC. So, what do they do when they can only buy one house? They buy a really huge one.Read More →