The Chinese government should be revaluate its currency on one time to stop the price rises in the country, Shaun Rein explains in CNCB. In the past he argued against a too fast increase of the value of the renminbi, since that would hurt the export and the manufacturers. Now, to prevent social unrest, stiff action would be needed to stem inflation.Read More →
Chinese millionaires get their first million together on average when they are 39 years old, 15 years earlier than their US counterparts, writes Forbes, based on the latest Hurun-report, produced by Rupert Hoogewerf. China has around 960.000 millionaires.Read More →
The number of millionaires (in US dollars) in Shanghai has been growing fast and the city now counts 80 billionaire, the latest Hurun report, composed by Rupert Hoogewerf, shows, according to the state media here and here. Real estate continues to contribute greatly to the growth of wealth.Read More →
The unusual fine of 2 million RMB (euro 200,000) for Unilever after announced prices rises caused a stampede, illustrates how inflation is becoming a headache for the authorities, Shaun Rein says in various comments.Read More →
The US could lose 1 to 2 trillion US dollar in revenue if they successfully scare away Chinese investors, writes Shaun Rein in CNBC, quoting a recent Asia Society report. “Fear mongering about China by American politicians and businessmen like Donald Trump has made Chinese think twice about investing in the U.S.”Read More →
Chinese have spent last year 13 billion US dollar on luxury goods, but only 40 percent in China itself, says Shaun Rein in CNBC. Because of the high tariffs luxury goods, including cars, are 20-30 percent more expensive on the mainland. “They are shooting themselves in the foot.”Read More →
China’s economy is not under threat of a bursting property bubble, says Shaun Rein in CNBC. Property is being sold to people who can afford those assets, and can even stand a severe drop in value, unlike home owners in the US.Read More →
Rupert Hoogewerf The number of Chinese millionaires has increased in one year time by almost 10 percent, to 960,000. The number of super rich, those have over US§15 million in assets, went up 9 percent to 60,000, according to the latest Hurun Report, produced by Rupert Hoogewerf. From eFinancialNews: WhereRead More →
Hong Kong: too small via Wikipedia The new-to-built Shanghai Disney park should learn from the mistakes that have been made in the Hong Kong park, says Shaun Rein in Reuters. First, size matters. Shaun Rein, managing director of China Market Research said the problem with the Hong Kong park isRead More →
Image via Wikipedia What foreign companies, trying to tap into the China market, regularly forget is that there is no need for their services, tells retail analyst Paul French at Marketplace Public Radio. Home Depot is an example. Paul French responds to Raymond Chou, president of Home Depot China: CHOU: The HomeRead More →
Hong Kong via Wikipedia Since Shanghai emerged as a financial stronghold at the mainland, Hong Kong has been living in fear its would be outpaced by its northern competitor. Shaun Rein explains in the Financial Times’ weblog why Shanghai, after decades of development, is still not a real threat forRead More →
Entrance Apple store Shanghai by randomwire via Flickr A visit to Apple’s store in Pudong, Shanghai leave no room for doubt: the company is doing very well. Shaun Rein analyzes in CNBC how the laggard from 2009 turned into a winner in 2011, where other retailers like BestBuy, Home DepotRead More →