A Hurun rich list survey under China´s rich millenniums, The Chinese Luxury Traveler 2016, shows that Asia is loosing out as travel destination. Japan and South-Korea still do well since they are close, says Hurun chief researcher Rupert Hoogewerf at TTG-Asia, “But in terms of aspirations, this generation wants to go farther.”Read More →
Experts use different measurements to gauge China´s economic growth, as the official GDP figure is often seen with suspicion. But other measurements like electricity usage and railway transportation also have their limitations, warns China veteran Paul French in Splash 24/7Read More →
There has been too much negativity about Alibaba, says business analyst Shaun Rein to Bloomberg. While commodities like steel and coal have a hard time, consumer spending it going up in the 3-4th tier cities, and Alibaba will profit from it, even more than competitor JD.com.Read More →
The Beijing Auto Show was an exceptional bright spot during an economic slowdown that is worrying many, writes financial analyst Sara Hsu in the Diplomat.”We can expect China’s auto industry to keep moving.”Read More →
While China counts 1,420 people who can afford up to 1,750 business jets with a value of US$52 billion only 32 have done so, according to China Business Aviation Special Report 2016 jointly released by Hurun Report and Minsheng Financial Leasing. But there is a huge market to win, says Hurun founder Rupert Hoogewerf, in different Chinese media.Read More →
Macau tries to stay relevant by opening six new multi-billion hotels this year alone. But business analyst Shaun Rein wonders whether that is the right strategy. Bigger is not always better, he tells the South China Morning Post.Read More →
Procter&Gamble launched a global campaign for SK-II skincare also in China, inadvertently getting mixed up in the “left-over women” issue. Unmarried Chinese women in their late-twenties are under heavy pressure to find a husband. Retail analyst Ben Cavender explains the background at CNN Money.Read More →
Shanghai Disney has appointed three honory ambassadors for its park, actress Sun Li, pianist Lang Lang and former NBA basketball player Yao Ming better promote itself as a family-friendly attraction. A sign it does not only want to attract kids, but also adults, says business analyst Ben Cavender to the China Daily.Read More →
Today China celebrates the World Consumer Day with the traditional naming and shaming of companies who have – according to the TV program – let down their consumers. But the effect of the show, once compulsory for fearful foreign executives, is slowly beginning to lose its luster, says retail expert Ben Cavender to Bloomberg.Read More →
China can avoid the economic traps Japan and Brazil fell into, but only when it is going to take the liberalization of its financial markets serious, writes economist Arthur Kroeber for the Nikkei Magazine. But “on the core issues of debt control and pruning the state sector there is little evidence of progress.”Read More →
Chinese companies have often been blamed for copying Western innovation and patents. But now China takes the lead in mobile innovations, the argument seems to go the other way. Many of the features we know from WeChat we see now popping up at Facebook. Innovator William Bao Bean discusses whether Facebook has become a WeChat clone.Read More →
The purchase of the GE appliances section by Haier is part of a strategy to enter American homes, says IMD professor Bill Fischer, who studied Haier intensively to Bloomberg. How different is Haier from GE?Read More →