Traditionally Shanghai, Beijing and Guangzhou were benchmark cities when looking at the housing market in China. But when you want to know where global wealth is growing fastest, you might have to look at a few unfamiliar names, including Wuxi, overtaking Hong Kong as the most expensive city, says Rupert Hoogewerf, chief researcher of the latest Hurun Report, according to the South China Morning Post.
Category Archives: Chongqing
Carlsberg and Ford are two Western companies who were on they way down in China, but managed to renew themselves. Beida Business professor Jeffrey Towson uses on his website their examples to explain what companies can do to change their China operation for the better to draw some important lessons. (With a sidestep to Nanjing Fiat)
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.
An almost forgotten episode under Communist rule was the Third Front, an 200 billion Renminbi effort to move from 1964 much of the economic power to China´s inland. Journalist Ian Johnson with historian Covell Meyskens his work on an upcoming monography and his weblog with 5,000+ pictures for the New York Times.
The Beijing Auto Show was an exceptional bright spot during an economic slowdown that is worrying many, writes financial analyst Sara Hsu in the Diplomat.”We can expect China’s auto industry to keep moving.”
Unlike many other large cities, China has been avoiding the establishment of large slums and related instability, argues author Jeremy Wallace in an interview with journalist Ian Johnson at the New York Times. The abolishment of the hukou system is not expected any time soon, since it serves the government well.
China’s rich saw much of their capital shrink over the past year, the 14th Hurun rich list disclosed yesterday. But looking at the past decade, wealth still has boomed tremendously, adds Hurun founder Rupert Hoogewerf in Reuters.
Gu Kailai, the wife of disposed leader Bo Xilai, was the last woman in a Chinese tradition of so-called dragon ladies. Historian and author Paul French puts her in that tradition together with empress Cixi, Jiang Qing and many others in Foreign Policy.
Disposed Chongqing leader Bo Xilai might have left behind a more prosperous city, that wealth comes at a price, as Chongqing’s debts are far higher than China’s average of already high liabilities, tells financial expert Victor Shih in the Wall Street Journal.
Is it like the Gang of Four in 1976? Or Tiananmen in 1989? Or the dismissal of Chen Liangyu in 2006? Commentators struggle to find a comparison. The downfall of Bo Xilai certainly showed cracks in the varnish of unity among China’s leaders, tells political analyst Victor Shih in the Voice of America.