South-Korea is not the first country to see China can fight an argument without sending the army in: Japan and France are just a few examples where tinkering with economic power was more effective, for example by redirecting its tourists. It is easier to bully South Korea than Japan,” says business analyst Shaun Rein in the South China Morning Post.
The government has been pulling in bad loans, rather than letting companies face bankruptcy and letting the markets do the job. For China’s leaders stability is key, says Beida accounting professor Paul Gillis to Reuters.
Next week telecom access of the Europe office of the China Speakers Bureau will be limited and part of the week fully cut off. Our telecom provider will replace cables from Tuesday 14 March to (and including) Thursday 16 March during office hours.
For the second year more billionaires call Beijing their home than New York, says the latest Global Hurun Rich List report. Concentration of capital into a few hands is outpacing the global creation of wealth, says Hurun chairman Rupert Hoogewerf to ECNS.
After the first raving reviews of Zhang Lijia’s book Lotus: A Novel on prostitution in China, interviewers dive into her research and how her novel relates to real people. At ChinaReadings Mike Cormack takes a look at (among others) the photographer Zhao Tienlin.
Competition in China is bloody and fierce, but as the Chinese internet companies go global, also China’s internet wars go global, says William Bao Bean, partner at SOSV to FTChinese. Didi taking on Brazil’s 99, its home-grown taxi-hailing app, it a telling sign.
While religion is getting more leeway in China, the opposite is happening for the Tibetans and Uighur, says journalist Ian Johnson, author of the upcoming book The Souls of China: The Return of Religion After Mao in the Globe&Mail. Just last week Xinjiang, home to the Uighur, saw a strong increase in security forces.
Author Zhang Lijia explored for her book Lotus: A Novel China’s sex trade. The book is also an account of the sexual revolution the country is going through, she tells City Weekend. “Some women get more pleasure with clients than they experienced with their husbands.”
Bike hailing services got another round of funding this week in hundreds of million US dollars, but Beijing-based observers like Beida accounting professor Paul Gillis just do not see how those companies, involved in a giant competitive war, will ever pay back those loans, he tells QZ.