When business analyst Shaun Rein arrived in China in the 1990s, all was cheap. For the rthk he recalls, based on his book The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World in half an hour how China no longer is the cheap country where he started off.
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The economic slowdown is now also hurting the confidence of the luxury consumers, concludes rich-list founder Rupert Hoogewerf or Hurun, based on the 2012 Hurun Luxury Price Index, quoted in the China Daily. Growth is the lowest in six years time.
US-based China veteran Janet Carmosky will appear tomorrow in the first China Weekly Hangout, focusing on the recent trend among some high-profile foreigners, leaving China with some fanfare. The China Weekly is going to be a weekly live feature, broadcast on YouTube.
Over 500 million Chinese are on internet, and 300 million have a Twitter-like weibo account, causing a tsunami of information that is hard to manage, tells internet watcher Jeremy Goldkorn in the Deutsche Well. That offers the citizens an inprecedented freedom, despite censorship.
The successful book The Chinese Dream: The Rise of the World’s Largest Middle Class and What It Means to You by author Helen Wang has won the prestigious First Horizon Award for debuting writers, announced Helen Wang’s weblog.