342 « Week In China

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WiC 342 (Oct 7, 2016)

Property, Talking Point The end of an era for Hong Kong and its longstanding…

Alice Poon spent nearly two decades in Hong Kong’s real estate industry, including a long spell as personal assistant to the founder of its biggest ...

M&A Didi Chuxing invests in “bicycle-on-demand” service

“There are nine million bicycles in Beijing,” sang the Georgian-British pop star Katie Melua. “That’s a fact.” But of course it probably ...

Property Why China Evergrande has sold its non-property businesses

In November 2013, Guangzhou Evergrande became the first Chinese football club to win the Asian Champions League. Right after popping the champagne, its ...

Rise of the RMB Yuan joins global currency club

It was a birthday present – of sorts. Confirmation that the renminbi has the new status as a global reserve currency came on October 1 – which is ...

Banking & Finance China gives green light to default swap trade

“You just bet against the American economy and if you win hardworking people will suffer,” says Brad Pitt’s character Ben Rickert in the 2015 ...

Property Shenzhen’s new super-tiny apartments attract criticism

One widely circulated joke on China’s internet goes like this: a man says to his girlfriend, “Once home prices fall, I will buy a house and marry ...

Internet & Tech Uber China battles drivers who frighten fares out of their customers

China’s challenges with ‘zombie’ companies have been in the headlines for a while. In a new twist, the Chinese are confronting the living dead ...

World of Weibo Barbaric behaviour

The Great Wall of China stretches 8,851 kilometres from head to tail. It is comprised of sections built at different epochs in Chinese history. Some of ...

Entertainment Guo Jingming’s new film confounds critics who thought they’d hate it

Writer-director Guo Jingming is no stranger to controversy. In the same year that he became China’s highest paid novelist – he was believed to have ...

Planet China All publicity is supposed to be good publicity, but Wu Gencheng…

All publicity is supposed to be good publicity, but Wu Gencheng may beg to differ. He has been making spring onion pancakes since 1982, and their ...

Sino-File “We think that as the middle class continues to grow and…

De Beers CEO Bruce Cleaver sounds a bullish note for China Daily. China is now the second largest market for diamonds, though its 14% share of global ...

Cartoons Miracle, or mirage?

The best guess on how long it took to build each of the Egyptian pyramids is about 20 years. The country’s modern-day pharaohs want a much faster job ...

And Finally Taiwan snubs Jackie Chan’s ‘art’ donation

Stick to martial arts, rather than works of art. That was the message for Jackie Chan from Taiwan’s National Palace Museum when it decided it no ...