Apple’s Steve Jobs was the first American CEO to discovered China’s massive brainpower potential when he got the first iPhone produced in six weeks time, by 200,000 workers and 8,700 engineers. China’s massive brainpower is a disrupting force for the world, says Beida business professor Jeffrey Towson, co-author of The One Hour China Book (2017 Edition) on his weblog.
Category Archives: Shenzhen
The Times Literary Supplement reports on an evening with author Zhang Lijia of Lotus: A Novel on prostitution in China recently in London. One of the subjects: how did Chinese women fare under the market economy, introduce by Deng Xiaoping. About the government as a big boys’ club.
After the first raving reviews of Zhang Lijia’s book Lotus: A Novel on prostitution in China, interviewers dive into her research and how her novel relates to real people. At ChinaReadings Mike Cormack takes a look at (among others) the photographer Zhao Tienlin.
Financial authorities in Beijing are playing with the idea to give tech firms a faster-track IPO in China, says accounting professor Paul Gillis at his weblog. Taking away some of the cumbersome restrictions for IPO’s in China might lead to the expected ban of variable interest entity or VIE’s, a side-track allowing Chinese firms to list in the US, he suggests.
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 is becoming fast one of the most innovative markets, explains Shanghai-based managing director William Bao Bean of the Chinaccelerator. Fintech and mobile will leave their marks on 2017, he explains to a non-Chinese audience. While startups have a hard time to find funding, 9% of the startups in Shenzhen get one million US dollar in funding. In stead of joining foreign multinationals, young Chinese prefer now an entrepreneurial career.
First reviews of journalist Zhang Lijia´s touching Lotus: A Novel, are coming in, like here from the Star Tribune, focusing on the Chinese migrants, the unsung heroes who made the country´s economic development possible. “Lotus and Bing, as well as the secondary characters, feel like real, rounded human beings. Zhang portrays them compassionately.”
Floodings and storm are pretty common in China, but since 2015 the concept of so-called sponge cities are developed to mitigate the potential damage. Real estate expert Sam Crispin, director Urbanization of PwC China explores in his article at LinkedIn the opportunities for foreign partnership in developing this concept.
The trend of China´s rich planning migration to other countries has increased to 60 percent in 2016, according to the latest report by the Hurun Rich list. A weaker currency and fear for a collapsing domestic real estate market are the main reasons, Hurun founder Rupert Hoogewerf tells in the South China Morning Post. The US topped the list, followed by Britain, Canada, Australia and Singapore.