The United States are using China’s currency, the Renminbi, as a scapegoat to hide its economic problems are created by themselves, argues economic analyst Arthur Kroeber in The New York Times. China is using its currency as a development tool, as so many countries did in the past.
Category Archives: economy
Serial entrepreneur Marc van der Chijs, co-founder of video hosting firm Tudou, launched this week UnitedStyles, a new website to let you design your own clothes online. He tells in TechCrunch how he is going to recreate fashion design.
During a meeting with the board of one of the largest FMCG companies, business analyst Shaun Rein pleaded for a ‘China-first’ strategy, as the country is key for the companies development. Some of his arguments he summarized in CNBC. Take Apple as an example.
As costs for resources, including wages, are on the way up in China, its manufacturers have to streamline their manufacturing processes, where in the past they would waste resources. Business analyst Bill Dodson quotes a friend describing the changes in his weblog.
China’s rich are increasingly protecting themselves against the volatility of the stock and real estate markets by cashing out. A new Hurun China rich list documents the billionaires in cash, tells Hurun founder Rupert Hoogewerf to local media.
Will rising wages in China force manufacturers to go back to the US? A report of the Boston Consulting group suggest so, but economic analyst Arthur Kroeber tells in Euro Money that might be a wrong assumption.