If Bill Gates is a standard, getting an education degree is no measurement for later wealth. The Hurun China Rich list discovered that half of its listed 2,000 rich did not finish with a degree, says chief researcher Rupert Hoogewerf in Global Times. Partly that is caused by the chaotic times during the Cultural Revolution.Read More →

The leading Chinese magazine Caixin interviews author Zhang Lijia about her book Lotus: A Novel about prostitution in China. “Prostitutes are real people, and I wanted to expose that. Like any job, there are drawbacks. But their lives are not totally bleak either.”Read More →

Business analyst Shaun Rein told already in his bestseller The End of Cheap China, Revised and Updated: Economic and Cultural Trends That Will Disrupt the World, much of the cheap production was moving from China to other countries. Vietnam, Indonesia and Sri Lanka hope Donald Trump does not find out for the time being, Rein writes in IBT.Read More →

China´s first tier cities seem to be getting out of breath, while second and third-tier cities blossom. Business analyst Shaun Rein has been predicting the shift already for a long time, he tells the South China Morning Post. The rising prosperity of lower-tier cities may boost tourism to cheaper destinations like the Philippines and Thailand, he adds.Read More →

While many analysts expect China to grab chances when the US is changing its global position, eminent China experts Howard French sees the opposite happening. With a shrinking and aging population, China´s power is diminishing, he argues in The Atlantic. While the US have chances.Read More →