Latest Posts
Chinese millionaires 15 years younger than Americans – Rupert Hoogewerf
Chinese millionaires get their first million together on average when they are 39 years old, 15 years earlier than their US counterparts, writes Forbes, based on the latest Hurun-report, produced by Rupert Hoogewerf. China has around 960.000 millionaires.Read More →
Taiwas asks US to release weapons – Wendell Minnick
Taiwan President Ma Ying-jeou urged the U.S. to release F-16 fighters and submarines during a speech May 12 at the Washington-based Center for Strategic and International Studies, writes Wendell Minnick in Defense News.Read More →
Shanghai rich get their capital from real estate – Rupert Hoogewerf
The number of millionaires (in US dollars) in Shanghai has been growing fast and the city now counts 80 billionaire, the latest Hurun report, composed by Rupert Hoogewerf, shows, according to the state media here and here. Real estate continues to contribute greatly to the growth of wealth.Read More →
Inflation raises tensions – Shaun Rein
The unusual fine of 2 million RMB (euro 200,000) for Unilever after announced prices rises caused a stampede, illustrates how inflation is becoming a headache for the authorities, Shaun Rein says in various comments.Read More →
The price tag of anti-Chinese rhetoric in the US – Shaun Rein
The US could lose 1 to 2 trillion US dollar in revenue if they successfully scare away Chinese investors, writes Shaun Rein in CNBC, quoting a recent Asia Society report. “Fear mongering about China by American politicians and businessmen like Donald Trump has made Chinese think twice about investing in the U.S.”Read More →
On headbangers and metal in China – Kaiser Kuo
In a short documentary rock musician Kaiser Kuo recalls the emergence of headbangers and metal in China, and the famous band Tang Dynasty. You can read his story also in our book: A Changing China. Read More →
Tariff cut needed to boost luxury sales – Shaun Rein
Chinese have spent last year 13 billion US dollar on luxury goods, but only 40 percent in China itself, says Shaun Rein in CNBC. Because of the high tariffs luxury goods, including cars, are 20-30 percent more expensive on the mainland. “They are shooting themselves in the foot.”Read More →
No room for high-risk innovation – Arthur Kroeber
Is China becoming an innovative force? Arthur Kroeber belongs to the bears in this debate, he tells Reuters, as the academic climate in the country is too much constrained. Not only lack of intellectual property protection and a failing educational system holds innovation back.Read More →
No property bubble is bursting – Shaun Rein
China’s economy is not under threat of a bursting property bubble, says Shaun Rein in CNBC. Property is being sold to people who can afford those assets, and can even stand a severe drop in value, unlike home owners in the US.Read More →
Why yelling in China does not work – Shaun Rein
Shaun Rein explains what he has learned about doing business in China, and how US companies like Google could learn from it. Publicly yelling mostly does not work, he argues in Forbes, describing his first approach with a corruption case a decade ago.Read More →
Baidu removes 2,8 million literary works – Kaiser Kuo
Kaiser Kuo In an effort to resolve a high-profile spat with Chinese authors on piracy, the country’s leading search engine Baidu removed 2,8 million filles, told company spokesman Kaiser Kuo the BBC, hoping this action would create enough good faith. More than 40 authors and publishers had accused Baidu thatRead More →
Luxury sales, for the wealthy and not so wealthy – Paul French
Paul French As the sales of luxury goods to Chinese spike, retail analysts try to figure out who is buying what. The profile of the buyers can vary a lot, tells Paul French The Guardian. Many of these new consumers are executives and entrepreneurs, keen to show they have madeRead More →