Few scholars have looked into the inner workings of China’s Communist Party like Sebastian Heilmann, founding president of the Mercator Institute of Chinese Studies (Merics) in Berlin, a government professor at the University of Trier and author of China’s Political System. Journalist Ian Johnson interviews him on the success of the party for the New York Times.
Meitu, with 450 million users a leader in China’s selfie apps and a growing following overseas, helps to beautify those selfies. But having a good idea is not enough, says Peking business professor Jeffrey Towson to AFP. Having a business model helps.
Alibaba’s Ant Financial investment of US$200 million into the Korean mobile payment service Kakao Pay illustrates how the leading Chinese payment platform want to gain global dominance, says business analyst Ben Cavender to Reuters. Buying into strong local players is smarter than competing with them.
Alibaba teamed up with brick-and-mortar retailer Bailian, in the latest effort to combine the best of two worlds. But while the idea seems to make sense, the results up to now have been meager, tells retail analyst Ben Cavender to Reuters.
If Bill Gates is a standard, getting an education degree is no measurement for later wealth. The Hurun China Rich list discovered that half of its listed 2,000 rich did not finish with a degree, says chief researcher Rupert Hoogewerf in Global Times. Partly that is caused by the chaotic times during the Cultural Revolution.
The leading Chinese magazine Caixin interviews author Zhang Lijia about her book Lotus: A Novel about prostitution in China. “Prostitutes are real people, and I wanted to expose that. Like any job, there are drawbacks. But their lives are not totally bleak either.”
Western values do not match with Confucian values, but what does Confucian countries like China, Vietnam and Korea tick. Marketing expert Tom Doctoroff lived for two decades in China, and defines on his LinkedIn page what makes the consumers in those countries different.
Business analyst Shaun Rein told already in his bestseller The End of Cheap China, Revised and Updated: Economic and Cultural Trends That Will Disrupt the World, much of the cheap production was moving from China to other countries. Vietnam, Indonesia and Sri Lanka hope Donald Trump does not find out for the time being, Rein writes in IBT.
China´s first tier cities seem to be getting out of breath, while second and third-tier cities blossom. Business analyst Shaun Rein has been predicting the shift already for a long time, he tells the South China Morning Post. The rising prosperity of lower-tier cities may boost tourism to cheaper destinations like the Philippines and Thailand, he adds.
The efforts by China´s financial authorities to reduce the outflow of capital has already reduced many investment plans by the China. But financial analyst Victor Shih sees a few more holes in the country´s policies that might be stopped soon too: education and tourism, he tells Sourceable.