The Honor of Kings, a uniquely popular online game, is profoundly changing the Chinese society, says social media expert Matthew Brennan at eMarketer. Launched in November 2015 by tech giant Tencent, it even triggered off concerns by China’s leadership.
China’s richest man, Wang Jianlin, and his company Wanda, got kicked out of the Chinese lending system. Wanda is in deep trouble, says business analyst Shaun Rein to the South China Morning Post. Both in terms of assets backing up his purchases and political leverage.
Despite the election of Donald Trump, increased immigration barriers to the US and increased animosity between China and the US, the US is still the top destination for rich Chinese leaving their country, says China Rich List researcher Rupert Hoogewerf. Although the number of rich leaving their country is dropping, he tells the South China Morning Post.
President Xi Jinping has embarked into a prestigious outbound investment program, One Belt, One Road (OBOR) worth trillions of US dollars. While the West has received the plan reluctantly positive, there is still much more debate needed at what it means for all participants, RSM business professor Zhang Ying explains in the EUReporter.
China’s leadership is setting a new economic agenda halfway July, and much of the measures focus on the reduction on risk, even if – says political scientist Victor Shih at Bloomberg – that means announced financial reforms will be stalled.
While much of the book publishers try to get their act together now readers go online, China boast even a top ten of literature writers, earning more than US$150 million each. Chief researcher Rupert Hoogewerf explains to Global Times why the Harry Potter franchise did so well, also in China.
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.
Panic struck when media reported China would ban all VPN activity in February 2018, allowing to circumvent China’s internet censorship. That was a shock for many, and seems to have been confused with a business licensing system for VPN’s. Whatever is going to happen, innovation and startups need unfettered access to VPN, says innovation expert Andy Mok to Bloomberg.
Young and self-made billionaires are mostly coming from the US and China, says a new listing of the Hurun China Rich List. That should serve as a wake-up call for the rest of the world, says Hurun chief researcher Rupert Hoogewerf to the South China Morning Post.
The deal between presidents Donald Trump and Xi Jinping on a mutual trade peace, reached a hundred days ago, might be over, and was not very realistic to start with, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post.