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Issue 369

WiC 369 (Jun 9, 2017)

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Banking & Finance, Talking Point How Blackstone’s Schwarzman became China’s go-to man for M&A deals

Backed by archaeological studies, Chinese historians claim that jiaozi, meaning “exchange paper”, are the world’s earliest bank notes. The ...

We’ll always (not) have Paris

China and the World How US quitting climate change accord will impact China’s world role

US President Donald Trump’s June 1 speech announcing America’s withdrawal from the Paris climate accord was laden with implied references to ...

Homecoming

And Finally Chinese firm buys back Jissbon condom brand

“The name’s Bond, James Bond.” It’s an immortal phrase, and has been used regularly in the fictional British spy’s 25 blockbuster movies over ...

Footing the bill

China Consumer How a Bengbu factory produced half a million knock-off Nike sneakers

For some people in China, uncovering counterfeits is a career. Ji Wanchang, a Beijinger, told the New York Times that his job is to travel around town ...

Another U-turn

Auto Industry Why BYD is spinning off its EV battery unit

BYD still wants to ‘build your dream’ (as its acronym promises), just no longer using a vertically integrated business model. Having lost its crown ...

Going underground

Banking & Finance Bitcoin “mines” in Sichuan close without explanation

When Bitcoin was first released in 2009, its creator gave units of the digital currency away via lotteries every ten minutes. Hopefuls had to solve an ...

Here comes the son

M&A Midea heir He Jianfeng is more interested in financial services than…

When corporate raiders pounced on Piggly Wiggly Stores in the early 1920s, Clarence Saunders was having none of it. The Memphis Maverick, as he was ...

Kong Linghui

Red Star The ping-pong prince

Who is he? Kong Linghui was born in the northeastern city of Harbin in 1975 and was talent-spotted by the country’s sports ...

Salt

Brush Strokes Spot the minister

In the early days of imperial China, iron and salt were the most profitable commodities. Iron could be forged into armour and weapons, then used to ...

The harsh reality

Entertainment Chinese networks plunder South Korea content under cover of missile row

Sometimes described as the comedic version of the American hit The Amazing Race, a South Korean version of the format called Running ...

She’s a wonder

Entertainment China proves receptive to the DC universe

As the first female-led big budget superhero flick in more than a decade, Gal Gadot’s Wonder Woman did not disappoint. The film, which stars ...

The road to hell

Planet China Spaghetti Junction was the name given by British journalist Roy Smith…

Spaghetti Junction was the name given by British journalist Roy Smith to the Gravelly Hill Interchange on the M6 motorway in Birmingham. From above, ...

Property bubble

Sino-File “The risk in the property market is very high; sentiment in…

Hong Kong’s Financial Secretary Paul Chan warns that the city’s property market remains highly vulnerable to US interest rate rises. The principal ...

Hardly a slam dunk?

Cartoons Hardly a slam dunk?

The Chinese have started to embrace the sharing economy – a business model based on renting rather than owning. Think Mobike: a bike rental company ...

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