In Shanghai 370,000 residents are millionaires in US-dollars in 2012, and although most still get their fortune from real estate Rupert Hoogewerf of the Hurun Rich list estimates art and wealth management will take over as sources for wealth in the city, he tells the Jing Daily.Read More →
The number of rich and super rich is growing fast in Shanghai, tells Hurun founder Rupert Hoogewerf in The China Daily. But unlike their global colleagues, Shanghai rich tend to be business owners, and to a lesser degree real estate developer.Read More →
Shanghai-based researcher Paul French, author of The Old Shanghai A-Z gives on his weblog a sad overview of the architecture lost in 2011 under the hammer of progressRead More →
Spending on luxury products moves in China to the third-tier cities, notes business analyst Shaun Rein in an interview with AFP. Unlike the rich from Shanghai and Beijing, inhabitants of third-tier cities can travel less internationally.Read More →
IMD-professor (and formet CEIBS dean) Bill Fischer wrote up on his weblogwhat makes him successful in executive education, answers on questions from CEIBS professor Ellie Weldon. “One of the few advantages that I have found to be associated with aging, however, is that sometimes people ask for your opinions, and then actually listen.”Read More →
Shaun Rein’s book The End of Cheap China: Economic and Cultural Trends that will Disrupt the World was earlier this week #23 at the Amazon bestseller list for economic books, while you can only pre-order it! A growning number of celebrities endorses the book.Read More →
Shanghai-based business executive Shaun Rein gets many requests from people in the US, who are desperately looking for jobs in China. But a booming economy does not mean that jobs are easily available for foreigners coming to China, he tells in CNBC.Read More →
Political scientist Victor Shih looks in The Financial Times into the trial of government officials after the Shanghai fire, costing 58 lives last November. “A disturbing pattern of corruption, which is endangering the lives of millions around China.”Read More →
Famous economist Nouriel Roubini took a fast train from Shanghai to Hangzhou and saw it was almost empty. Shaun Rein explains him in Forbes why one train ride is not enough to predict a bubble in China that will pop in 2013. Read More →
The Chinese government should be revaluate its currency on one time to stop the price rises in the country, Shaun Rein explains in CNCB. In the past he argued against a too fast increase of the value of the renminbi, since that would hurt the export and the manufacturers. Now, to prevent social unrest, stiff action would be needed to stem inflation.Read More →
Chinese millionaires get their first million together on average when they are 39 years old, 15 years earlier than their US counterparts, writes Forbes, based on the latest Hurun-report, produced by Rupert Hoogewerf. China has around 960.000 millionaires.Read More →
The number of millionaires (in US dollars) in Shanghai has been growing fast and the city now counts 80 billionaire, the latest Hurun report, composed by Rupert Hoogewerf, shows, according to the state media here and here. Real estate continues to contribute greatly to the growth of wealth.Read More →