About US$142 billion in capital left China in April and June, triggering off some concerns. But according to financial analyst Sara Hsu writes in the Diplomat, here there is no reason to worry. China is encouraging outbound investment programs, and then it is hardly a concern when capital actually leaves the country.Read More →
The recent downturn in the stock market and the government restrictions on money capital transfers might hit transfers in China´s football leagues, says financial analyst Victor Shih to Associated Press. “It is a general problem for wealthy people in China who are major shareholders in companies,”Read More →
Stanford sociologist Andrew G. Walder rewrote the history of Mao Zedong as we knew it in his book China Under Mao: A Revolution Derailed, where he argues that Mao was not inspired by Communism, but a poor understanding of Stalinism. Journalist Ian Johnson interviewed him for the New York Times.Read More →
Spending patterns of the super-rich have change a lot, tells business analyst Shaun Rein at CNN, Now they focus on both art and exclusive travel. Sales of luxury goods are dropping, and many blame Xi Jinping´s anti-corruption drive, but the rich just make different choices, says Rein.Read More →
China has accumulated debts US$25 trillion and because of the relative high interest rates, that level of debt is unsustainable, argues financial analyst Victor Shih at the USC U.S.-China Institute. And when China gets into trouble, there is no IMF-style institution with enough capital to save it. A crashing stock market also does not help.Read More →
With 700 million mobile internet users China is a fertile ground for mobile-first startups, says William Bao Bean, managing director of the ChinaAccelerator in the Korean Herald. And “In China, there is always a way,” Bean said.Read More →
Fast moving changes among China´s ultrarich, business analyst Shaun Rein noted when he recently joined a millionaire on a trip to South Africa. Travel is hot for the rich, sharing their experiences over WeChat. Bling is out, feeling good is in, he tells at CNN.Read More →
Wealth creation in China has been amazing in the past decade, says China-rich list founder Rupert Hoogewerf at CNN. He traces now 360 dollar billionaires in China, up from only one. But the real number might be three times that figure, and 15% might actually vampire millionaires, whose wealth would vaporize if they would face day light.Read More →
The anti-corruption campaign by president Xi Jinping has started to hurt the economy, tells business analyst Shaun Rein at CNN. Government officials and billionaires have become so afraid, very few decisions are being made.Read More →
China has been upsetting its neighbors by building an airstrip at the Fiery Cross Reef, but now Japan has been making war efforts really dangerous, and the end is not yet in sight, writes defense analyst Wendell Minnick in Defense News. From a yet-to-be released Japanese white paper.Read More →
Much noise has been produced in the past year on how state-owned companies might or might not reform. Political analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation does not see that much genuine reform, he tells the China Economic Review. Read More →
Are you still looking for ways to monetize quality content? Watch China, says managing director William Bao Bean of the ChinaAccelerator in Analyse Asia. Mobile applications in China are on average 2 to 3 years ahead of the US, he tells. Mobile commerce 3.0 is highly social, very competitive and does away with the classic ways of making money through advertising. China can focus on mobile innovation, because it has a home-base of 700 million mobile users.Read More →