Category Archives: corruption

Apple takes top spot as luxury gift – Rupert Hoogewerf

US tech giant Apple has taken over the number one position as most popular gift from designer good maker Hermes, according the the newest Hurun luxury report. Travel is the main driving force, says Hurun founder Rupert Hoogewerf as Chinese buy 7 out of 10 luxury products overseas, according to Reuters.

Governance, not economics, prevails in Xi´s policy – Arthur Kroeber

The reforms of president Xi Jinping are gathering steam, writes political analyst Arthur Kroeber for the Brookings Institute. Xi´s struggle goes beyond just consolidating power, and is more about governance than economics, he argues.

Also land sales now scrutinized – Sara Hsu

President Xi Jinping anti-corruption drive has opened a new front as land sales by local governments are surveyed by the central government, notes financial analyst Sara Hsu in TripleCrisis, and she applauds the move. Much of the social unrest in the past years has been caused by those transaction, where citizens often lost from greedy officials.

Among regional concerns, China´s 2015 shows hope – Tom Doctoroff

Asia as a region and China´s slowling economy caused much anxiety in 2014, and Xi Jinping´s reforms have been clunky at best. But business guru Tom Doctoroff sees hope in the growing confidence China has in its leader Xi Jinping.

Anti-corruption hits business schools – Wei Gu

In July 2014 China banned government officials and SOE-executives from joining high-fee business schools to avoid colluding between officials and private entrepreneurs. WSJ wealth editor Wei Gu assesses the damage for the schools with Robert Yu of GMAC (in charge of GMAT) and discusses how business school can adjust their strategy.

Diamond sales rise, despite anti-corruption drive – Wei Gu

Diamond sales in China have gone up 14% last year, while all other luxury goods suffered from the ongoing anti-corruption campaign. WSJ´s Wei Gu analyzes with De Beers CEO Stephen Lussier, why diamonds keep on doing so well.

Less spending, more super-rich – Rupert Hoogewerf

Spending might be down, under the pressure of an ongoing anti-corruption drive, but the number of super-rich in China is going up, according to Rupert Hoogewerf, founder of the Hurun China rich list at AFP. Beijing is still leading before Shanghai and Guangdong.

Trend: foreign firms moving out of China? – Sara Hsu

Anti-trust actions, anti-corruption drives and safety issues have made corporate life for foreign firms in China tougher than 10, 15 years ago. Whether they will actually leave China in larger numbers depends on how the costs of doing business develop, writes financial analyst Sara Hsu in the Diplomat.

New strains on spending money abroad – Wei Gu

Officially China bans its citizens from taking their money abroad, but its financial borders have been notorious leaky. That might be changing, and cause huge ripples in the global financial world, writes WSJ´s wealth editor Wei Gu in

Will China´s consumers keep on spending? – Sara Hsu

China´s central government tries to shift its economy from investment-driven to a consumer-drive one. While the effort seems to have effect, financial analyst Sara Hsu points at a few bears at this road in the Diplomat. Will the consumers keep on spending more? It´s in the hand of the government itself.