Despite a relative slowdown in the country´s economic growth, China´s luxury price index saw the fastest rise in five years outpacing the CPI, show the latest report by the Hurun Institute, according to the Shanghai Daily. Luxury property, health and education are the driving forces, says Rupert Hoogewerf, Hurun Chairman.Read More →
Most of the American internet companies like Facebook still make money through advertising, while their Chinese competitors like WeChat and Weibo make money through selling all you can think of, tells Shanghai-based VC William Bao Bean to AP. They are way ahead of Facebook.Read More →
A range of food scandals with milk powder for babies has caused a wild-west market for mainly foreign instant formula, doing good business in China. Lawyer Mark Schaub warns that regulators are catching up, and new tough registration rules have a deadline for October 1, hard to manage for import products, he writes in Lexology.Read More →
I did it for the kids, says former Baidu communication director Kaiser Kuo in his exit interview on the Sinica podcast. He recently swapped Beijing for Chapel Hill, NC in the US. I wanted them to be truly bi-cultural, and after learning and submerging in China during their first years, going to college in the US was inevitable. `We planned this move for five years.” While the political climate is not improving, it was not the reason to leave, he says. “It was way worse when I arrived here.”Read More →
Author Alec Ash published after four years of study Wish Lanterns: Inside the Young Lives of China, documenting the life of the millenniums in China. Journalist Ian Johnson of the New York Times sat down with him to discuss how they are bringing change to China.Read More →
China´s rich make more money than ever, but charity is not keeping pace with that growth, shows the latest Hurun Philanthropy Report. Some “are leaders of the new pack, and it’s still early days,” says Rupert Hoogewerf, founder and chairman of the Hurun Institute to Barron´s.Read More →
Getting the US-China relations right is tough because so many misunderstandings persist in the US when it comes to China. Recently returned China veteran Kaiser Kuo sits down with The Diplomat trying to deal with some of those wrong perceptions. “China has been far more of a rule-taker than it has been a rule-maker.”Read More →
The supposed capital flight from China has been keeping international financial markets more than busy. A hype, concludes economist Arthur Kroeber and author of China’s Economy: What Everyone Needs to Know® after looking at the figures in China File.Read More →
For long China has been displacing Western companies by cheaper products. But many have failed to see how this displacement has been overtaken by disruptive business models, writes IMD professor Bill Fischer in the Harvard Business Review.Read More →
China´s call for innovation has caused a lot of action by government departments on different levels. But most initiatives are run by officials or universities, not the experienced business people the markets need, tells William Bao Bean, the managing director of one of the Chinese incubators to Reuters.Read More →
Zhang Lijia´s upcoming novel Lotus: A Novel will only appear early 2017, but the first raving reviews are already coming in. Renowned Indian author Amitav Ghosh praises the story the main figure migrant Lotus and the way she ends up in prostitution.Read More →
President Xi Jinping has been addressing the nation on the 95th anniversary of the Communist Party and the tough Marxist tone has been striking, says political analyst Victor Shih. Where his predecessors followed a more flexible road on economic development, Xi goes for a nationalistic approach, he tells AP.Read More →