Liberalization of the interest rates is a first important step in financial reforms, but it is not enough, tells financial analyst Sara Hsu in the EastAsiaForum. Next the state needs to let the state banks go.
Category Archives: Speaker News
The outside world calls it censorship, but sociologist Tricia Wang prefers the term “information paternalism”. Chinese teens are finding new ways to express themselves. 88-bar summarizes a speech of Tricia on online identity.
Facebook is blocked in China, just like Twitter and Google, but is opening a sales office in China. Chinese companies have to tap into the sales power of Facebook as they go abroad, as their global ambitions grow, explains business analyst Shaun Rein on Bloomberg TV. How do you want to sell in Indonesia or the US if you are not on Facebook?
PWC is auditing Alibaba, but – writes accounting professor Paul Gillis at his weblog – it is very unclear whether the Hong Kong or the mainland offfice of PWC is doing the legwork. Officially it is the Hong Kong office, but Gillis has its doubts, and that might matter to the investors.
Whether China property bubble is popping, or more slowly evaporating, the effects on its economy will be enormous. Financial analyst Sara Hsu lists three of the most important effects for The Diplomat. She predicts no crash, but very serious effects indeed.
Getting away from cliches is tough, but author Howard French tries to do so in his latest book China’s Second Continent: How a Million Migrants Are Building a New Empire in Africa. In The Diplomat he tries to get some of the larger misunderstandings out of the way.
For the first time, Chinese investments in the US were larger than US investments in China, announced the US Chamber of Commerce in April. About time, writes China consulent Joel Backaler in TealeafNation. “Americans worry that China is buying up the world. But there’s another, better way for U.S. authorities, businesses, and citizens to approach the influx: Embrace it.”
China has strongly resisted a claim by the World Bank that is had surpassed the economy of the US in PPP terms. Just a matter of time, says economist Arthur Kroeber. China will have to accept it will be the largest, he says in Radio Free Asia.
After Alibaba filed this week its paperwork for its upcoming IPO. Business analyst Ben Cavender looks at its great profitability, but also risk from competition in e-commerce and fear for pressure fro the big Chinese banks.