The Hong Kong IPO by Tencent’s China Literature, driving on a Chinese e-reader, was a big hit, while e-readers like Amazon Kindle are clearly over their highpoint. Business analyst Shaun Rein explains in CNNMoney why e-readers go like crazy in China.
Hong Kong has been taken over silently by mainland China in financial terms already before the handover by the UK in 1997, says financial analyst Victor Shih to AFP. But what has gone wrong is the lack of tools to control that take-over, especially when Xi Jinping defined corruption as the major evil to be addressed, Shih says.
Fake news has become rightfully a problem for journalists, but the relation between journalism and fiction is a bit more complicated. Beijing-based journalist Zhang Lijia, author of Lotus: A Novel covered some of the common ground at the literary festival at Ubud, Indonesia, she writes on her weblog.
American and European companies in China are complaining they are less welcome than in the past. That might be a correct feeling, says business analysts Shaun Rein to Bloomberg, for example when it comes to a higher living standard for their workers in China.
The iconic Zhejiang entrepreneur Lu Guanqiu, founder of China’s largest automotive parts company Wanxiang Group, passed away last week, 72 years old. Hurun China rich list founder Rupert Hoogewerf remembers him as ” industrious, down-to-earth and low-profile” , he tells in Asia One.
China denies being a colonial power, like the West has been. But the country’s imperial traits are never far away, warns Howard French, author of Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power. “The world best keep its eyes on China, said French, who believes that China’s imperialist history will lead it to push for global power,” French said according to The Sun.
After the closure of the 19th Party Congress this week, analysts try to figure out what happened during the meeting. It’s not about internal party fighting, as some say, says economist Arthur Kroeber. President Xi Jinping changed the country through his all-out anti-corruption drive, and that started already five years ago, he tells NPR.
Who will survive in the travel industry: the global giants or the local ventures, was a question for William Bao Bean, managing director of the Shanghai-based Chinaccelerator, at the WIT 2017 Conference in Singapore. William, who guided hundreds of startups, believes the big internet firms will crush the small ones, writes WebinTravel.
President Xi Jinping has promised more financial reforms, but financial analyst Sara Hsu says managing risk is key, over the need for reform. Fintech, debts and due diligence are some themes in the next five years of China’s financial development, she adds at the state broadcaster CGTN.