After a century of submission under foreign powers, China is winning back its old glory, and its influence in the region and the world, writes Howard French, author of Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power at the New York Times.
Category Archives: Hainan
China´s endeavors into the South China Sea has both flabbergasted and worried its neighbors. Journalist Howard French looks for the Guardian into the efforts, and comes with an explanation: overcoming the humiliations of the recent past, is an important theme. The struggle of an upcoming superpower.
When a Chinese J-11 fighter challenged a US Navy P-8 Poseidon on Aug. 19 near Hainan Island, it triggered off a debate on the way the US performs its surveillance strategy, writes defense analyst Wendell Minnick in Defense News.
Sales of yachts in China are under pressure, WSJ wealth editor Wei Gu notes at the Hainan Rendez-Vous, caused by China´s anti-corruption drive at the China Real Time of the WSJ. It did not help that last year sex-and-drugs stories emerged from the 2013 fair.
Golf operator Mission Hills is opening a large public golf course at Haikou at Hainan island, to tap into China´s huge domestic tourism industry. WSJ wealth editor Wei Gu talks to Ken Chu, CEO of the Mission Hills Group on how to involve more than the current 5 million Chinese golf players in this sector.
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.”