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Issue 275

WiC 275 (Mar 27, 2015)

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The lender of last retort

Banking & Finance, Talking Point UK’s decision to join China’s infrastructure bank is a major coup

One of the biggest battles of the Second World War was fought behind closed doors in Bretton Woods in rural New Hampshire in July 1944. As the ...

Sales Chanel

China Consumer Shoppers flood Chanel’s shops after it slashes prices in China

Chanel is well-known for never holding sales. One theory has it that the luxury fashion brand would rather burn out-of-season stock than sell it at a ...

Ant heads for elephant IPO

Banking & Finance Alibaba’s financial services unit moves closer to blockbuster listing

Just over a decade ago, Steven Spielberg’s sci-fi film Minority Report predicted a future in which advertising billboards would use retinal scanners ...

Build it, but will they come?

Economy How Macau plans to escape its casino crunch

Talk about betting on red. Macau – the world’s largest gambling hub – has suffered nine straight months of revenue declines, culminating in a ...

Tread carefully

Auto Industry ChemChina buys into Pirelli

Since 1964 the Italian company Pirelli has been famous for more than its tyres. In a marketing coup a lot more risqué than its rival Michelin (which ...

Show of force

China Consumer CCTV attacks China Mobile

In 1962 China’s economy was still deep in the throes of Communism. It was an era when the concept of the ‘consumer’ barely existed for Mao Zedong ...

The long wait

Aviation China’s passengers suffer 232-year flight delay

For those who regularly fly in China it will come as no surprise that it has been named once again as the country in which passengers are most likely ...

Shared language

China and the World A Myanmar border war puts Beijing in a bind

In the last 200 years, the mountainous region of Kokang in northern Myanmar has been a vassal of the Qing Dynasty, part of the British Empire and most ...

Adult entertainment

Entertainment Disney’s Cinderella tale woos China’s grown-up audience rather than kids

Charles Perrault’s folk tale about Cinderella was written around the seventeenth century. But a Chinese legend bearing a striking resemblance to its ...

The new Medicis

Society China’s young art collectors

Three years ago at Art HK, the predecessor fair to Art Basel in Hong Kong, gallerist Ben Brown recalls a well-spoken Chinese boy walking into the ...

Goal-setting

Sport China’s five-year football plan

When the Chinese national football team reached the quarter-finals of the Asian Cup in January the fans and the media were ecstatic. Xinhua hailed ...

Sinking feeling

Planet China “If both she and I were drowning, who would you save…

“If both she and I were drowning, who would you save first?” It is a question that has been asked before, typically when two women are vying for a ...

Robots don’t go on holiday

Sino-File “China is being particularly hit by labour shortages and labour rates”

Rethink Robotics’ chief marketing officer Jim Lawton tells the Financial Times that the Chinese market is a growth area for sales of its ...

Not loving it

Cartoons Not loving it

Salon magazine asked this month whether McDonald’s has developed a “self-hating complex” in China. The reason for its question was the local ...

Currency swap

And Finally Counterfeiters turn their attention to renminbi

Anti-corruption fervour was on the agenda at the annual parliamentary session of the National People’s Congress this month. So much so that one ...

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