Last year China promised it would not bail out its unruly financial sector. It still did. It promised swiping financial reforms. They did not materialize. Financial analyst Sara Hsu discusses the current state of China´s finance and what the government should do. Asking questions are Chao Pan and Fons Tuinstra.
What is the room for newcomers in China´s e-commerce after Alibaba´s successful IPO? WSJ wealth editor Wei Gu discusses with Jef Walters of Boston Consulting, and finds that massive growth is still possible. Only half of China´s internet users is purchasing online, and mobile is still taking off in a country where most users have mobile.
Shenzhen-based Mark Obama Ndesandjo, half-brother of US president Barack Obama, discusses in his book An Obama’s Journey: My Odyssey of Self-Discovery across Three Cultures their different perspectives of the Obama´s, his family and the relation with this half-brother. “Follow your own path is most important,” he tells in BroadSide.
Despite its close to US$22 billion IPO at the New York Stock Exchange today, business analyst Shaun Rein does not see in Alibaba a real global company. “Its model is not scalable in other large market like the US and Indonesia”, he says at has much work to do at home, especially on mobile where it is lagging.
Hong Kong is loosing its attraction for Chinese tourists. Where are they now going to, wonders WSJ wealth editor Wei Gu in a discussion with Francis Belin from Swarovski. Both Tokyo and Seoul are doing better, but since 96% of the mainland Chinese still do not have a passport, there is room enough for growth, also in Hong Kong.
Has China become an imperial force in Africa? Author Howard French of China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa discusses the question how China jumped into a power vacuum in Africa and took the opportunities left by others. The use of the word “empire” has triggered off a debate, and French explains at ChinaFile how he sees Sino-African relations.