The autumn Golden Week is over and business analyst Ben Cavender looks at the trends among high-spending Chinese travellers. Unique places, convenience and safety top the agenda’s of Chinese tourists, he tells in CNBC.
China’s shift from a planned to a market has lifted millions out of poverty, but for many women the deal has been a bad one, says Beijing-based journalist Zhang Lijia, author of Lotus: A Novel on prostitution in China at Sea Globe.
Retiring central banker Zhou Xiaochuan called this week for the liberalization of China’s currency, the Yuan. But conservative forces might find this step from the People’s Bank of China (PBOC) a step too far, says financial expert Victor Shih to Bloomberg.
China gains economic and financial power, but is still struggling to find its place in the world, writes China veteran Tom Doctoroff in the Huffington Post.”So China’s road to becoming a “soft” superpower will be long and rocky indeed,” he says.
A growing movement of consumers buys less, but focus on experiences. And, surprisingly, Chinese consumers follow that minimalistic trend, says Shanghai-based business analyst Shaun Rein in Knowledge CKGSB.
Social media expert Matthew Brennan gives ten case studies on facial recognition in China at his China Channel. Facial recognition is becoming fast the new norms, and he summarizes a few reasons why the new technology is taking off so fast.
China is not having one internet apart from the rest of the world, but two, tells internet expert Matthew Brennan. Both Tencent and Alibaba have their own ecosystems, and they do not talk to each other. When dealing with China’s internet, you need to deal with both, he tells.
Taiwan used to be one of Asia’s economic tigers, but has a hard time to follow dynamic change of the past decade. VC-veteran William Bao Bean tells the Red Herring what the island can do to improve its startup culture and lure Taiwanese entrepreneurs back.
Protestantism, Buddhism and Taoism grow fast in China, but followers of the Catholic faith are dwindling. Author Ian Johnson of The Souls of China: The Return of Religion After Mao reports from the countryside on why Catholicism finds it harder to find a solid footprint among Chinese looking for moral values, for the America Magazine.