One of the main reasons Chinese consumers buy themselves silly abroad – including Hong Kong – is the high difference in pricing of similar products in mainland China. Cosmetic giants Estee Lauder and AmorePacific have lower their prices up to 30 percent, as also the government is revamping its import fees. More will follow, tells retail analyst Ben Cavender to the South China Morning Post.Read More →
Journalist Howard French, author of the forthcoming book Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Powerdiscusses with Jeff Wasserstrom China´s mindset as a geopolitical power and its problem to reinvent itself in developing a new, true Chinese story during the upcoming era of US president Donald Trump.Read More →
China is proud about its millennia old culture, but just like the rest of society, its culture is also changing very fast. Old concepts like guanxi, losing face and the suppressed position of women are not what they were even a few decades ago. Many so-called China experts still cling to those old idea, but fortunately, we can offer a range of speakers at the China Speakers Bureau who have a clear view on how China´s culture is changing.Read More →
The battle between Wanda and Disney got a new twist as the Chinese company hired Andrew Kam, former managing director of Disneyland Hong Kong. A smart move, says retail analyst Ben Cavender in the China Daily.Read More →
For a long time, Hong Kong was the place to go for visitors from the mainland, but the resentment against mainlanders in Hong Kong grew, says retail analyst and author Shaun Rein in Todayonline, and as Chinese got more travel alternatives, Hong Kong sees sales of luxury goods drop dramatically.Read More →
Disappearing Hong Kong publishers have put them on the international agenda. Journalist Ian Johnson got the opportunity to interview HK publisher Bao Pu on his critical books about China and his kidnapped colleagues for the New York Review of Books.Read More →
For more than a decade the Hong Kong newspaper South China Morning Post has been destroying its image as a quality paper it still was in the 1990. Key journalists were fired or walked away voluntarily. The purchase by Alibaba gives observers new reason for worry. It does not make sense, says business analyst Shaun Rein in the Star Beacon Herald.Read More →
Books need a book number to get published and sold in China, although every store would have a little counter of banned or not approved books. But censorship rules have become stricter enforced over the years and when an autobiography of Li Rui, a retired party official, got confiscated at an airport, his daughter decided to take the case to court, writes journalist Ian Johnson in the New York Times.Read More →
Investments are flooding into China´s innovative industries. But investing in China is a completely different game from the traditional VC approach, tells William Bao Bean, Managing Director of Chinaccelerator, in VentureCon Japan, according to E27. China is providing more finance, and more competition.Read More →
China´s central government is pushing offshore RMB bonds as a tool to support Chinese firms to go abroad. Financial analyst Sara Hsu looks at the current state of offshore RMB bonds, and expects a massive expansion, she writes in the Diplomat.Read More →
A slowdown of art sales in China is not only caused by the anti-graft campaign or the economic slowdown, but also by a growing sophistication of the art collectors, says China Rich List founder Rupert Hoogewerf in Barrons. They are not only going for big-ticket super-stars, but develop their own appreciation.Read More →
China´s lawmakers are preparing for their annual sessions of the advisory CPPCC and the National People´s Congress. Among them a large amount of influential business people. Political analyst Victor Shih explains the interaction between business and politics in China in the New York Times.Read More →