US youngsters are lagging more in financial literacy than those in China, Michael Justin Lee, Lecturer at the Center for East Asian Studies at the University of Maryland discovered when he dived into a comparative study by VISA International. “A crappy return on investment,” he writes in ChinaUSFocus.
Category Archives: education
Chinese investors were among the more daring, but have become more conservative over the past two years. WSJ wealth editor Wei Gu discusses the change with Jennifer Zeng, Partner at Bain & Co., as wealth management products take over from stocks and real estate.
The world’s financial systems are out of balance. Professor Michael Justin Lee discusses what both countries need to face the future, in terms of reforming their educational approach. “China has its technical basis, but needs to teach people how to become entrepreneurs.”
The majority of China’s billionaires sent their kids abroad for education, an international outlook, to prepare to take over their business later, tells HURUN China Rich list founder Rupert Hoogewerf in the China Daily.
Between a growing number of billionaires and 700 million peasants China’s middle class has severe problems in taking off. In the Wall Street Journal its wealth editor Wei Gu asks for more love for the middle class. Business analyst Shaun Rein warns against an unhappy middle class.
China’s millionaires are getting ready to send their kid to boarding school abroad, Hurun Rich list founder Rupert Hoogewerf told an audience of Swiss business people and government official at the pre-launch of his school guide “The Best of Swiss Education” at the Beau Rivage Palace in Lausanne, Switzerland on Tuesday 29 January.
Ambitions are high among the rising Chinese middle class and most of the parents put a lot of pressure on their only child to perform at school. Just getting an undergrad degree is for most not done, tells China veteran Paul French in the Wall Street Journal.
China hosts some of the largest competitors of Google, YouTube and other IT-giants. Still, becoming a global IT force is far away, writes journalist and internet entrepreneur Maria Korolov in Internet Evolution.
Not only hot money is leaving China, the country suffers from an ongoing brain drain to the US, writes China veteran Bill Dodson on his weblog. China is failing to foster its innovation incubators, he says. And the parents of those brightest might follow suit.