Luxury spending might have been hit by Xi Jinping´s anti-corruption campaign, but travel is on the way up. Rupert Hoogewerf just published his 5th China Luxury Travel Report and sees the super rich spending more time and money on more trips. Technology and luxury travel agencies set the trends, he tells Thoughtful China.Read More →
Huawei has replaced Xiaomi as the preferred mobile in China. Is you want to be cool, you buy Apple, if you want a decent local product, you buy Huawei, says business analyst Shaun Rein in Yahoo Finance. Xiaomi is still a good company, but US$45 billion might be a little bit high, he says.Read More →
Alibaba bought the video-services Youku-Tudou, a mash of Youtube and Netflix, but at least ten times bigger, tells business analyst Shaun Rein in Bloomberg. It is a sign competition between internet giants in China is heating up, and Alibaba first want to strengthen its position there, before taking the rest of the world serious, Rein says.Read More →
Chinese are looking for new meanings in their life, says journalist Ian Johnson. They are looking for religious values, both condoned by the government or illegal, but also shop around for other spiritual values. And mostly the government supports that search, as long as there are no foreign links.Read More →
Now China is preparing for a new megacity, Jing-Jin-Ji, combining Beijing, Tianjin and Hebei, the neighboring provincial capital Baoding is hoping to ride on the bandwagon too. Journalist Ian Johnson visited Baoding for the New York Times and looks at its chances.Read More →
Google, Ebay and Amazon are just some of the tech giants who failed in China. With a good preparation that would not have happened, claims William Bao Bean, managing director of the ChinaAccelarator. His organization prepares startups for launches in China, and Chinese firms for going global.Read More →
Financial analyst Sara Hsu strongly disagrees with former US ambassador to the UN John Bolt as he accuses China it manipulated its currency by the recent devaluation. China is just doing what politicians in Washington have asked them to do, Hsu argues in PressTV. “They wanted China to become more market oriented.”Read More →
Some see the devaluation of the yuan as a panic measure by the Chinese government to reignite growth, but market analyst Ben Cavender tells the Guardian why the depreciation is mainly market driven, making the yuan freer from the US dollar peg.Read More →
China has accumulated debts US$25 trillion and because of the relative high interest rates, that level of debt is unsustainable, argues financial analyst Victor Shih at the USC U.S.-China Institute. And when China gets into trouble, there is no IMF-style institution with enough capital to save it. A crashing stock market also does not help.Read More →
Fast moving changes among China´s ultrarich, business analyst Shaun Rein noted when he recently joined a millionaire on a trip to South Africa. Travel is hot for the rich, sharing their experiences over WeChat. Bling is out, feeling good is in, he tells at CNN.Read More →
Wealth creation in China has been amazing in the past decade, says China-rich list founder Rupert Hoogewerf at CNN. He traces now 360 dollar billionaires in China, up from only one. But the real number might be three times that figure, and 15% might actually vampire millionaires, whose wealth would vaporize if they would face day light.Read More →
The anti-corruption campaign by president Xi Jinping has started to hurt the economy, tells business analyst Shaun Rein at CNN. Government officials and billionaires have become so afraid, very few decisions are being made.Read More →