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Chinese Character

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What does end of ‘political’ career mean for Liu?
Mar 7, 2014 (WiC 228)

The annual National People’s Congress of 5,000 or so lawmakers and political advisers is arguably one of the world’s more expensive government events. The two-week gathering costs taxpayers around Rmb200 million ($33.3 million), according to ...

The market maker

If you want to understand reform era China, the man to know is Gao Xiqing
Feb 7, 2014 (WiC 225)

In August 1988 two young men from China made a pact outside New York’s stock exchange. The Wall Street rookies were plotting to bring something completely forbidden back to their home country: a stock market. Knowing how difficult the task ...

The first Chinese mogul

Apart from turning down Bruce Lee, Run Run Shaw didn’t get much wrong
Jan 17, 2014 (WiC 222)

In 1970 a certain Bruce Lee was in talks with Hong Kong’s Shaw Brothers film studio. Dissatisfied with his supporting roles in Hollywood, Lee wanted to create a Chinese kung-fu superhero to showcase his skills to American executives. Lee was ...

The people’s banker

The man who brought consumer banking to China departs CMB
May 24, 2013 (WiC 194)

China Merchants Group has always been a difficult organisation to pigeonhole within Beijing’s complex hierarchy of state-driven business empires. In 1981 Jiang Zemin – later Chinese president, but then vice minister of the state import and ...

How will Xiao Gang tackle the reform of China’s securities market?
May 10, 2013 (WiC 192)

When Xiao Gang was named head of Bank of China back in 2003, it took the low-profile official 10 months to make his first public speech. But Xiao was quicker onto the podium on assuming his most recent role as chairman of China’s securities ...

Goodbye Grandpa

Wen Jiabao leaves the political stage. Why his legacy is a mixed one
Mar 15, 2013 (WiC 185)

Legacy is a fickle mistress. Take the case of Alan Greenspan. A little over ten years ago, the former Fed chairman was being lauded by the respected journalist Bob Woodward as the “the symbol of American economic pre-eminence”. At the time ...

The world’s craziest idea?

Meet the Chinese business tycoon who is selling thin air
Mar 1, 2013 (WiC 183)

"You can tell a lot about a place from a dinner party,” began a report on American radio show Marketplace. “In LA the banter around the table gravitates around traffic. In DC it’s beltway politics. And in Beijing and Shanghai more and more ...

The write stuff

Meet Li Chengpeng, the football commentator turned social critic
Jan 25, 2013 (WiC 179)

In November, outspoken blogger and social commentator Li Chengpeng delivered a sharp speech entitled “Talk” at Peking University. The discussion, which went viral on weibo, was about the power of free speech, or rather the lack thereof ...

China’s savviest tech investor

Lei Jun models himself on Apple’s iconic founder
Dec 14, 2012 (WiC 176)

When Steve Jobs died last year, many Chinese questioned whether their own country could ever produce someone quite like like Apple’s former chief executive and founder. Perhaps they are starting to get an answer to their query. Lei Jun ...

Political lyrics

Unlike her predecessors, China’s new ‘First Lady’ is a celebrity
Nov 23, 2012 (WiC 173)

Last Thursday morning, to no one’s great surprise, Xi Jinping was confirmed as the leader of China’s Communist Party. Shortly afterwards, his promotion to head of the all-important Central Military Commission was announced too. And in March ...

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