Even during the current economic headwinds, private brands continue to get the trust of China’s consumers, says Hurun chairman Rupert Hoogewerf, among the 2022 China Hurun Brands’List, where Shanghai-listed Kweichow Moutai even outranked the technology giants as Tencent and Alibaba, reports the South China Morning Post.Read More →

Alibaba’s plan to split its US$200 billion company into six entities with IPO potential unlocks massive opportunities for investors, says business analyst Shaun Rein to CNA. It also aligns nicely with Xi Jinping’s intention to make China’s economy, more competitive by dividing up the Alibaba giant, he adds.Read More →

The crowds might be back in China’s restaurants but they are not spending as much as they used to. The economy is not back on track, the labor market is bad and salaries are being cut. Business analyst Shaun Rein has sent his researchers out, and they did come back with bad news, he tells CNBC.Read More →

China’s zero-Covid-19 policies might be over since December, visas might be available and the new government tries to restore business confidence, but the number of expats in Shanghai is still dropping, according to the latest update by Bloomberg. While earlier estimates by chambers of commerce in big cities of 50% of the expats leaving are not confirmed and might have been too high, Shanghai still sees an ongoing exodus, while replacements for expat positions are not yet coming in.Read More →

At the start of his third term China’s president Xi Jinping has been flexing his muscles internationally, while the country also promised to be open for private and foreign business. Ian Johnson, a scholar at the Council on Foreign Relations, tries to make sense of the conflicting messages at the CFR website.Read More →

China’s consumers are sitting on excess savings of 6 trillion yuan (US$874 billion), but business analyst Shaun Rein sees consumer confidence is pretty low, and they seem unwilling to spend their savings, he tells the South China Morning Post.Read More →

China lost 229 billionaires in the last year as a faltering economy, sliding stocks and a depreciating yuan hit the country’s super-rich harder than their peers in any other nation, according to a new list published by Hurun Report. Rupert Hoogewerf, chairman and chief researcher of Hurun Report, “Chinese entrepreneurs will actively look to expand abroad from this year as they have a global perspective,” says Hoogewerf, according to the South China Morning Post.Read More →