Religion is making a comeback in China. But the position of Daoism, the fifth of the larger religions in China, is rather unclear, as it is hard to trace than other religious, explains journalist Ian Johnson to PRI. What is the place of Daoism in today´s China? From a transcribed phone interview.
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US tech giant Apple has taken over the number one position as most popular gift from designer good maker Hermes, according the the newest Hurun luxury report. Travel is the main driving force, says Hurun founder Rupert Hoogewerf as Chinese buy 7 out of 10 luxury products overseas, according to Reuters.Read More →
Shadow banking seemed for a short while on the decline, but the industry is back in force, writes financial analyst Sara Hsu in the Diplomat. The recent rally of China´s stock markets was caused by shadow banking.Read More →
For a long time, Apple did not get it right in China. Business analyst Shaun Rein notes that now the American giant is doing things right and ships more smartphones to China, even more than Xiaomi. From Mercury News.Read More →
Much attention has gone to the massive e-commerce giant Alibaba and its IPO, but its financial arm, Alipay, might in the long run become the bigger operation, says business analyst Ben Cavender in the Technology Review.Read More →
State media hailed a deal between Apple and the Chinese government to give access to Apple devices, including the source codes. An unlikely scenario, tells business analyst Ben Cavender to QZ. Read More →
Much on the consumer debate in China focuses on the high-income buyers. Time to change that, says retail analyst Shaun Rein, and author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia. Spending power of low-income consumers is going up fast, he tells KTUU.Read More →
Massive investments along the planned new silk road, and planned new economic zones, might offer cities in poorer provinces like Xinjiang and Yunnan great opportunities to develop, writes financial analyst Sara Hsu in the Diplomat.Read More →
Smaller developers are the first ones to feel the contraction of China´s real estate market, writes financial analyst Sara Hsu in the Diplomat. The US$23 million default of the Kaisa group might only be the beginning or more trouble.Read More →
The reforms of president Xi Jinping are gathering steam, writes political analyst Arthur Kroeber for the Brookings Institute. Xi´s struggle goes beyond just consolidating power, and is more about governance than economics, he argues.Read More →
Rupert Hoogewerf´s Hurun China Rich list published on Monday its inaugural ranking of the country´s wealthiest investors, topping Fosun´s Guo Guangchang. Part of a trend, says Rupert Hoogewerf in the Financial Times. “I see a clear trend of entrepreneurs in China actively moving towards becoming investors.”Read More →
Officially gender discrimination is banned, but until recently that law was not enforced. That is changing now women take the offenders to court, and get their legal rights, writes author Zhang Lijia on her weblog. She discusses the cases of Huang Rong and Cao Ju.Read More →