China counts more than 1,000 billionaires in US dollar terms, overtaking solidly the US, according to the Hurun Rich List ranking. “We’re currently in the heart of a new industrial revolution, with new technologies including artificial intelligence, blockchain, cloud, data and e-commerce creating new opportunities for entrepreneurs and leading to a concentration of wealth and economic power on a scale never seen before,” said Hurun Report Chairman and chief researcher Rupert Hoogewerf, according to Shine. Read More →

The corona crisis might still be ravaging economies worldwide, 2020 looks to end pretty well for China, says Shanghai-based business analyst Ben Cavender in the state-owned China Daily. “While there are still underlying weak spots in the economy that have been slower to recover, the overall story is very positive,” adds Cavender.Read More →

Only half a decade ago Silicon Valley thought China becoming a force of innovation was preposterous. Now, under Trump, China has proved them wrong, says business analyst Shaun Rein in a wide-ranging interview with state paper Global Times. Also: China’s successful fight against Covid-19 and decoupling economies.Read More →

Not authoritarian rule but solid support from China’s citizens allowed its government to beat the Covid-19 and effectively deal with the coronavirus crisis, argues Singapore-based journalist Ian Johnson, in the New York Review of Books. He uses the Wuhan Diary: Dispatches from a Quarantined City by Fang Fang, to show the government did not silence critics but did win majority support by its people, helped by indeed heavily manipulated media in China.Read More →

Digital insurance has become one of the post-corona winners in China, says Rupert Hoogewerf, chief researcher of the Hurun China Rich List as his firm published the first list of top-10 digital insurers, according to Asia One.  Health insurance was one of the key winners, he says.Read More →