President Xi Jinping certainly has a good PR guy, jokes author Zhang Lijia, while she is interviewed about China´s powerful leader, in front of the food shop where he showed up a few months ago to buy his own food.Read More →
Among the range of reform plans set off by president Xi Jinping the liberalization of interest rates is a critical one, writes financial expert Sara Hsu in the Diplomat. It will move China closer to a market-oriented economy.Read More →
President Xi Jinping is China´s most powerful leader since Mao Zedong, argues China analyst Arthur Kroeber for the Brookings Institute. His conclusion after a solid analysis: reformers are back in charge but concerns remain.Read More →
Premier Li Keqiang announced a 7.5% growth target for the GDP. Not a good idea, since it might be hard to achieve, tells business analyst Shaun Rein at BloombergTV. The economy is very weak, consumer confidence is low, and pushing infrastructure might cause more pollution.Read More →
Wednesday the annual National People Congress (NPC) gathers in Beijing, and among them 31 billionaires, according to the Hurun Rich List founded by Rupert Hoogewerf in the Hong Kong Standard. The NPC count close to 3,000 delegates.Read More →
China´s central government tries to cool down the real estate sector, but the industry keeps on growing. For China´s rich real estate remains the most important money-makes concludes Hurun founder Rupert Hoogewerf, according to news agency Reuters, in this week´s annual Global Rich List.Read More →
China´s financial authorities have started to allow the first private banks, in a sector where up to recently only state-owned banks dominated the banking sector. A positive sign for reform, writes financial expert Sara Hsu in the EastAsiaForum. But a very, very modest one, she adds.Read More →
The luxury industry looks carefully on how China´s consumers are changing their attitudes. For AdAge Global Hurun and China rich list founder Rupert Hoogewerf explains that the current downturn in extravagant spending is here to stay.Read More →
While the central government tries to contain real estate prices, prices are actually going up. Business analyst Shaun Rein explains to the BBC why high demand on the real estate market makes sure prices will continue to soar.Read More →
Sales of luxury goods dropped in 2013, the third year of decline, and is expected to drop even further in 2014, according to a new Hurun report. “In terms of traditional luxury – leathers, accessories, watches – this year is going to be flat if not a little bit down,” Hurun founder Rupert Hoogewerf tells Reuters.Read More →
The consolidation of president Xi Jinping´s power is going to be the news story of 2014, says Kaiser Kuo, director international relations at Baidu in PRI. Kuo has a rather positive view on 2014, despite recent rise in international tensions.Read More →
Most people in China still fail to understand what Mao Zedong did right, and what he did wrong, argues author Zhang Lijia in the South China Morning Post. Especially now current president Xi Jinping is lending some of his legacy, an open debate is urgently due, although it is unlikely to happen.Read More →