Author Zhang Lijia of the much-acclaimed book Lotus: A Novel on prostitution in China discusses with Eric Fish on the weblog of the Asia Society how Chinese women end up in this trade. While triggered off by inequality, it is a way to improve their lives, she says.
The still unresolved disappearance of billionaire Xiao Jianhua from Hong Kong has sent shivers among the financial elite. Right-fully so, says political analyst Victor Shih to Today. China´s central government wants to show who is in charge.
While many analysts expect China to grab chances when the US is changing its global position, eminent China experts Howard French sees the opposite happening. With a shrinking and aging population, China´s power is diminishing, he argues in The Atlantic. While the US have chances.
At the end of 2016 a sharp decline in outbound investments by China became clear as financial restrictions kicked in. Business analyst Shaun Rein expects the curtailing measures to last for at least six months into 2017, he tells the South China Morning Post.
Fast declining foreign reserves have pushed China´s financial authorities into severely restricting the outflow of capital. Outbound investment, like the Vancouver real estate industry, might be under pressure, says financial analyst Victor Shih in the Vancouver Sun.
Commentator Dan Southerland of Radio Free Asia is clearly touched by the moving book Lotus: A Novel by Zhang Lijia on the life of prostitutes in China. “An uplifting book on a sad subject,” he says about the book.
China´s powerful families use so-called “bag men” to deal with their wealth. The disappeared billionaire Xiao Jianhua was such a bag man, according to China rich list producer Rupert Hoogewerf, including the family or president Xi Jinping to the Financial Times. Finding information on Xiao had been tough.
US-president Donald Trump is hitting world trade like an unguided missile and many investors wonder where to put their money now China seems next on his agenda, says Shanghai-based business analyst Shaun Rein in the South China Morning Post. “(Trump) likes to use chaos in order to negotiate.” Australia and Europe could be winning.
Billionaire Xiao Jianhua suddenly disappeared this week from Hong Kong, triggering off rumors of him being kidnapped into mainland China. The South China Morning Post says it received confirmation. China´rich list expert Rupert Hoogewerf or Hurun gives in AP some background on this business partner of some of Xi Jinping´s relatives.
Donald Trump is still rolling up his sleeves, while many analysts are still wondering who might be better equipped for a shake-out between China and the US. For now, leading economist Arthur Kroeber puts his bets on on China, he tells CNBC.