The big four accounting companies – KPMG, EY, PwC, and Deloitte – are back in China, writes Beida accounting professor Paul Gillis at his website ChinaAccountingBlog. The method of counting market share has changed, but Gillis sees around 20% growth, he says.
Category Archives: business
The Hong Kong IPO of China’s success story Xiaomi disappointed greatly. Beida accounting professor Paul Gillis explains at Quartz why the investors did not buy the company’s valuation. “I think it is hard for investors to buy the valuation.”
China has been reluctantly been shooting back with tariffs at US imports up to now in the Donald Trump trade war. It might be even more reluctant to use the powerful tool of its consumers in the trade war, says political analyst Victor Shih in the Financial Post. But it could, and Apple and Starbucks should prepare, says business analyst Shaun Rein on Fox News.
Eyes were on Sofia, Bulgaria, last week, as China’s prime minister Li Keqiang tries to improve relations with Eastern Europe. Economist Sara Hsu puts Li’s efforts into perspective as both trade and investments between China and Eastern Europe have been stagnant, compared to other countries in the One-Belt, One-Road initiative, she tells at CGTN. Also: the contagious relations with the EU.
Foreign brands know they need Tencent’s WeChat to sell their products to Chinese consumers, but working with WeChat mean dealing with blocks, says marketing expert Ashley Dudarenok, author of Unlocking the World’s Largest E-Market: A Guide to Selling on Chinese Social Media at AshleyTalks. Not only they have to deal with official rules, also Tencent does not like links to its direct competitors like Alibaba. How to deal with them?
Two decades ago Jim Rogers moved to Singapore as he emerges as a major bull on Asia. Since then he stuck to his guns as a successful investor, made sure his daughters were fluent in Mandarin and became a leading voice on investments in China, Asia and elsewhere. Now he is predicting a bear market, the worst we have ever seen. Most recently he published Street Smarts: Adventures on the Road and in the Markets.
China has many tools to retaliate in the trade war against the US than only putting tariffs on commodities. The lucrative US casinos might a one, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, in Forbes.
China has not only been leading the way to develop self-driving cars, it has also been are the forefront of legal changes needed to allow those cars into society. The Shanghai-based lawyer Mark Schaub gives an overview of the new regulations the government has been introducing at the China Law Insight.
Political analyst Wang Haiyan discusses the critical relationship of trade between China and the US, after US president Donald Trump imposed new tariffs in a surprise move in the ongoing trade war between the first and second world economy.