Bureaucratic rules have hampered China’s access to international talents, for example because of troublesome rules on visas for experts. But Hainan is going to do this better, says innovation expert and managing director of the Chinaccelarator in Shanghai William Bao Bean to the South China Morning Post.
US investor Jim Rogers visited on January 8th the Hainan Global Fintech Innovation Summit and explored the possibilities of the island to become China’s Silicon Valley at Contact Hainan. “You have fabulous weather, you have a fabulous lifestyle in Hainan if you continue to open up, and make it easy for people to come here, Hainan probably will become the greatest place in China.”
Where do they go to, where do they stay. The travel industry is eagerly looking at the luxury traveler from China. The latest Hurun Chinese Luxury Traveller report shows some answers: they increasingly go for luxury homes instead of hotels, says Hurun chairman Rupert Hoogewerf to the South China Morning Post.
The debate is taking off on whether China would allow gambling on Hainan Island. Financial analyst Sara Hsu explains gambling would diversify the tourism industry on the island, but would also hurt the economy in nearby Macau. Two earlier efforts on Hainan were already aborted for political reasons.
The ongoing Boao Forum in Hainan never attracted as much attention as this year, as China’s global aspirations expand, and US president Donald Trump is heading for a trade war, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post.
China´s endeavors into the South China Sea has both flabbergasted and worried its neighbors. Journalist Howard French looks for the Guardian into the efforts, and comes with an explanation: overcoming the humiliations of the recent past, is an important theme. The struggle of an upcoming superpower.
Golf operator Mission Hills is opening a large public golf course at Haikou at Hainan island, to tap into China´s huge domestic tourism industry. WSJ wealth editor Wei Gu talks to Ken Chu, CEO of the Mission Hills Group on how to involve more than the current 5 million Chinese golf players in this sector.