The surprise announcement Alibaba’s Ant Financial is trying to buy MoneyGram International is not a done deal, warns Beida business professor Jeffrey Towson. Chinese companies buying American ones are under scrutiny and in the financial industry it would be a first one, he tells the VOA.
The first wave of Chinese consumers has always been hard to get: prudent, and worried about their future. Beida business professor Jeffrey Towson describes at his weblog how the millennials have become an altogether different breed of consumers. On brand loyalty, emotion and confidence.
Not registered gatherings of religious believers have been a major force in the growing search for religion in China, but – says author Ian Johnson of The Souls of China: The Return of Religion After Mao in the Atlantic – they have largely been condoned by the government, and Johnson does not believe that might change.
China is inching up as a world power, and author Howard French of Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power finds it about time to dive deeping into what moves the country’s political thinking, says the Irish Times in a review. French: ” “China will wish to restore itself to the pinnacle of affairs in East Asia.”
The scandal that rocked the once-famous private Minsheng bank has put the question of the role of the government towards the banking system. Bailing out banks create more problems than it solves, says financial analyst Victor Shih to the New York Times.
To get rich is glorious was China’s leading principle for decades, but slowly the country starts to search for a moral foundation, says author Ian Johnson of The Souls of China: The Return of Religion After Mao to PJMedia. “According to Johnson, China lacks the mechanisms the U.S. has available for creating social change. In China.”
Financial analyst Sara Hsu looks at the new chairman of the China Banking Regulatory Commission (CBRC), Guo Shuqing, and the man he replaces, Shang Fulin. What has Shang done to deal with this murky financial sector, and can Guo do better, she wonders in Asia Times.
Zhang Lijia, author of Lotus: A Novel on prostitution in China discusses at TimeOut Shanghai her book, the growth of prostitution and how it relates to women’s lives. “When your stomach is full, you start thinking about sex.”
Top executives at China’s internet giant Tencent earn higher salaries than their counterparts at Amazon, Twitter, Intel Apple and IBM, according to job portal Zhaopin.com. Business analyst Shaun Rein is not surprised, he tells the South China Morning Post. There is no other way to retain their talent in China.