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: Guangdong
The Hurun China Rich List has published its annual list of richest Chinese women. Guangdong, says Hurun founder Rupert Hoogewerf in Crienglish, has a special position in creating female wealth. Chen Lihua, 75, founder of Fu Wah International Group tops the list.
New England shoe company New Balance is suing a competitor in Guangzhou for using its brand name. The case does not lead anywhere for the US company, and business analyst Shaun Rein explains in Fortune why legal action sometimes can be counterproductive in China. Fighting for China to change might not work.
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.
An anti-stealth radar, able to spot intruding stealth fighters, is yet another military industry where China is making inroads, reports defense analyst Wendell Minnick from the Zhuhai China Airshow for Defense News.
Spending might be down, under the pressure of an ongoing anti-corruption drive, but the number of super-rich in China is going up, according to Rupert Hoogewerf, founder of the Hurun China rich list at AFP. Beijing is still leading before Shanghai and Guangdong.
Alibaba´s purchase of Guangdong´s Evergrande has put football again on the agenda. Football expert Rowan Simons tells the Economist China´s football needs to spend more on its youth in stead of buying foreign players and coaches. Evergrande did so already.
Eighty percent of China’s super rich send their children abroad for education, mostly to the US as the most popular destination and with the UK on the second place, told Rupert Hoogewerf, founder of the Hurun China Rich list on Friday, according to the ECNS.
Author Zhang Lijia ran into a professor who gives PR training to local government officials in charge of guarding stability, or weiwen. Important that they learn about communication and PR, but not enough, she writes on her weblog.
President Xi Jinping’s austerity drive comes at the right moment for China’s domestic fashion brands, notes WSJ wealth editor Wei Gu in the Wall Street Journal. China’s first lady Peng Liyuan puts a Guangdong brand, Exception, in the spotlight.