Read on to learn more about the city that used to be Canton.
In the fourth edition of WiC’s China’s Tycoons we continue to chronicle the world’s fastest-ever exercise in wealth creation.
With 150 biographies of leading businesspeople, the stories give a glimpse of how China has become the world’s second biggest economy in just three decades.
McKinsey recently noted that China’s “mega cities are are starting to become economically like little countries”. Week in China has shared this view for some time and we are pleased to offer a new guide to some of these individual cities. We have called it Sinopolis, a play both on the term for the original Greek city-states and the term ‘Sino’ (i.e. China).
Our first Sinopolis is on Hangzhou, a city with an ancient heritage that is home to one of China’s most dynamic companies, Alibaba, and is just 45 minutes by bullet train from Shanghai. Another reason to learn more about Hangzhou: it will play host this year to the prestigious G20 meeting, when President Xi Jinping will welcome world leaders to the city.
Read on to find out more about a city that grew 10.2% in 2015 and which produced Jack Ma and many of China’s foremost tycoons.
During its five thousand years of civilisation, China has created tens of thousands of proverbs which capture the essence of the nation’s history, culture and prevailing philosophy. Many of them contain Confucian wisdom, Taoist and Buddhist philosophy, social etiquette, as well as success and survival tactics.
Here our columnist Mei selects 300 of her favourites proverbs to commemorate the 300th edition of Week in China.
Xi Jinping’s campaign against free-spending officials has hit China’s fine wine salesmen hard, with purchases of expensive bottles all but drying up. But there’s a silver lining to the slowdown as millions more consumers choose to drink more affordable wine for the first time.
In the second edition of The Little Red Book, WiC looks at how the market is changing and how two international wine firms are hoping to capitalise, hears about Hong Kong’s wine auction business, and talks to the boss of one of China’s best-known boutique wineries, Judy Chan from Grace Vineyard in Shanxi.
The second edition of The A to Z of the RMB outlines what you need to know about China’s currency and how it is going global, with conversations with a range of HSBC experts.
Read on for the latest news on the rise of the renminbi, including the booster effect of Shanghai’s special zone and the revival of the ancient Silk Road, plus more on why the yuan is starting to feature outside China, including the Americas.
It’s almost a cliché that the Chinese love red wine the most. But last year they proved it, drinking almost 1.9 billion bottles, and overtaking the French as the number one consumer.
In The Little Red Book, WiC looks at how China is starting to make its mark in the wine world, asking why there was a boom (and a bust) in fine wine, reviewing how the wine craze is catching on with China’s middle-classes, and wondering whether Chinese wineries can prosper in the new era.