Category Archives: Speaker News

China has fewer wealthy people than ever – Rupert Hoogewerf

For the first time in 21 years the annual Hurun (China) rich list notes fewer wealthy people, says its chairman Rupert Hoogewerf to AFP. “Nearly 40 percent of those in the rich list two years ago has dropped off,” he said.

Why global companies should fear the trade war – Arthur Kroeber

US companies make US$544 billion in annual revenue in China, much more than the US exports to China, warns economist Arthur Kroeber at Barrons. Global companies will feel the heat.

China’s consumers pick pork over iPhones – Victor Shih

China’s consumers are changing because of the trade war and food-driven inflation, says China expert Victor Shih at the Investor Place. They will pick pork over iPhones, he says, with a drastic impact on the stock markets.

The threat of decoupling the economies of China and the US – Harry Broadman

The US administration is trying to decouple its economy from China’s. And while there might be some arguments in favor of that position, the treat of decoupling for the world economy is huge, says international trade expert Harry Broadman in Forbes (here in pdf-format). Down the line, the US and global economies will be worse off, he warns.

Tech replaces manufacturing and real estate at rich list – Rupert Hoogewerf

China’s Hurun rich list is signaling yet another economic shift, says Hurun chairman Rupert Hoogewerf at CNN. This time the rich from tech firms are replacing those from manufacturing and real estate, according to the latest annual rich list.

Violence at Hong Kong protests needs to be condemned – Shaun Rein

Business analyst Shaun Rein asks Hong Kong protest leader Joshua Wong to condemn the violence at the protest. That went obvious too far for Joshua Wong, we noted at a forum of The Economist.

Investing in China is too risky right now – Shaun Rein

Business analyst Shaun Rein has always been a China-bull, but even he is now advising to put China investments on hold, he tells in the Press Democrat, after Houston Rockets General Manager Daryl Morey was the latest to get into hot air.

US dollar is heading for a crisis – Jim Rogers

The trade war between China and the US is taking another casualty, says super-investor Jim Rogers: the US dollar. He will no longer bet on the US currency, as a downturn is nearing fast in a few years’ time, he tells according to News Max. Although for gamblers, buying US dollars for the short run might be an opportunity. In the long run he will switch to China’s renminbi or gold.

Bytedance: beyond Baidu, Alibaba and Tencent – Ashley Dudarenok

Marketing expert Ashley Dudarenok dives into the fast-changing landscape of China’s internet, especially Bytedance. The relative newcomer has become an established player next to the old trinity of Baidu, Alibaba, and Tencent (BAT). She looks at some of Bytedance’s major operations: Jinri Toutiao and Douyin, and Bytebance’s international expansion for Asia Times.

Why Tuesday’s crowd was different – Ian Johnson

Journalist Ian Johnson attended China’s National Day celebrations in Beijing and noted – apart from the military parade and obligatory propaganda, the crowd was different from earlier celebrations. “Tuesday’s crowd was different. It was made up of university professors, scientists, administrators, bureaucrats and people who had made some sort of contribution to the state. They weren’t props but excited participants who expected to remember this day,” he writes in the New York Times.