Diamond sales in China have gone up 14% last year, while all other luxury goods suffered from the ongoing anti-corruption campaign. WSJ´s Wei Gu analyzes with De Beers CEO Stephen Lussier, why diamonds keep on doing so well.
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China is not winning the innovation race from the US, argues founder and managing director Wang Haiyan of the China India Institute at the Economist conference in july. Even Chinese VC´s, scholars and government official do not believe in China´s capabilities, she says.
Hong Kong is loosing its attraction for Chinese tourists. Where are they now going to, wonders WSJ wealth editor Wei Gu in a discussion with Francis Belin from Swarovski. Both Tokyo and Seoul are doing better, but since 96% of the mainland Chinese still do not have a passport, there is room enough for growth, also in Hong Kong.
Has China become an imperial force in Africa? Author Howard French of China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa discusses the question how China jumped into a power vacuum in Africa and took the opportunities left by others. The use of the word “empire” has triggered off a debate, and French explains at ChinaFile how he sees Sino-African relations.
Author Howard French of China’s Second Continent discusses at CNN how China´s Africa relations are developing, and how the US can react. Ebola might slightly derail a current conference in Washington, but trade and economic relations will remain high on the international agenda.
A large number of retailers and restaurants from 7-Eleven to Starbucks to McDonald´s have cut ties with their meat supplier in Shanghai, as authorities forced to close its operation. Retail analyst Ben Cavender explains in the WSJ what it takes to keep supply chains clean.
Fierce competition between shopping malls and growing appeal of e-commerce makes it important China´s shopping malls differentiate from each others. WSJ´s wealth editor Wei Gu discusses with Mark Israel, CEO of Value Retail China what those malls can do.
Author Joel Backaler of China Goes West discusses at ´Thoughtful China´ the pros and cons of Chinese firms going west. Not surprisingly, Chinese companies make many of the mistakes foreign firms made when they entered China.
Alibaba´s Jack Ma was only the latest of a string of Chinese millionaires investing into football in their country. Football is a game changer, only in the early phase of commercializatin, say WSJ´s wealth editor Wei Gu and Roy Lu of Starline Inc., a Sino-U.S. sports entertainment agency.
Inflation is up, but business analyst Shaun Rein does not expect the government to push more liquidity into the economy, he tells at Bloomberg TV. The weak domestic demand is troublesome, though, he says: “I have never seen it so bad in my 17 years in China.