Most rich in China are self-made, first in agriculture, then real estate, and the past five years in new energy, says Hurun chairman Rupert Hoogewerf at the release of the 2021 Hurun China rich list. Compared to Hong Kong and Taiwan, mainland rich seldom inherited their wealth, he added.Read More →
China’s electric car makers saw their value rise over the past post-corona months, as they believe they can produce an alternative for US-car maker Tesla, says Rupert Hoogewerf, chairman of the Hurun China rich list to the South China Morning Post. Read More →
The trade talks between China and the US might be moving into the right direction, but tensions on other issues are abundant, for example on US demands to stop importing oil from Iran. Professor Sara Hsu explains why China will not comply with the demands of the US.Read More →
Globally recognized authority on China’s enterprise and banking reforms Harry Broadman has decided to join the China Speakers Bureau. Dr. Broadman has 40+ years as senior business executive and board director throughout the emerging markets; Pioneering thought-leader on global business growth strategy, risk and innovation. He is a private equity investor and former PwC Emerging Markets Investment Leader. His long track record included functions like Chief of Staff, U.S. President’s Council of Economic Advisors, World Bank Official, Harvard Faculty.Read More →
China has recently announced ambitious environmental plans to stave off climate change. But are those plans enough, and can China really deliver? Economic analyst Sara Hsu welcomes the plans at Triple Crisis, but wonders if it is going to work.Read More →
Slowly, very slowly, some good news about China´s environment is coming in. Journalist Ian Johnson talked for the New York Times with Mark Clifford, author of The Greening of Asia, about the changes in the world´s largest coal consuming country.Read More →
A declining economic growth and stiff anti-pollution measures hit especially the coal industry in China hard, as prices fall in an industry suffering from overcapacity, writes financial analyst Sara Hsu in the Diplomat. The trend will continue. although “the transition to a diminished reliance on coal is difficult.”Read More →
Coal used to be literally gold in China, but those days are over. Formal coal capital Lüliang has now been the center of president Xi Jinping´s anti-corruption drive, writes journalist Ian Johnson in the New York Times. A case study on disrupting the Party establishment.Read More →
Fighting price wars is an art in China to defeat competition. The erstwhile successful solar energy company Suntech showed with a massive default, that strategy can turn against you, tells business analyst Ben Cavender in GlobalPost.Read More →
Making sense out of China’s economy by the statistics is tough, explains economic analyst Arthur Kroeber in NPR. The percentage of unemployed tells us very little, although there might be some proxies, he muses.Read More →
A severe drop in the usage of electricity has been used to point at a drop in economic growth. But business analyst Shaun Rein, and author of “The End of Cheap China” explains to the BBC why electricity is no longer a good measurement, and China’s growth is still well at track.Read More →
China is using most energy in the world, not only because of its booming economy, but also because of its low energy efficiency, writes energy specialist Bill Dodson in the China Economic Review. The good news: China’s officials know they have a problem to fix, and look for ways to do so.Read More →