84 Archives | Week In China

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WiC 84 (Nov 5, 2010)

Banking & Finance, Talking Point Why ChiNext has failed to live up to hype as the…

March 13, 1986 was a seminal day for the Nasdaq stock exchange. Anyone who took the opportunity to buy into a company called Microsoft was about to see ...

Economy Speculators blamed for recent run-up in price of textile commodity

Is a consortium of profiteers on China’s eastern seaboard secretly pushing up the price of an essential commodity? Cotton prices have more than ...

Hot commodities

Conferences The truth about rare earths and other matters...

Earlier this week, WiC attended HSBC’s inaugural Global Commodities in Asia Conference at the Marina Bay Sands in Singapore. The conference focused ...

Killer salesmen

China Consumer Battle for air-con market share leads to a death in Anhui…

Time to chill out? The struggle for market share is common enough in the world of retailing. But in the case of air-con makers Gree and Midea, the ...

India gets Shanghaied

China and the World Why Reliance is spending $8.3 billion on Chinese power plants

When Anil Ambani’s Reliance Group first inked a deal with Shanghai Electric two years ago, it conferred ‘most-favoured supplier’ status on the ...

Not a Mecca for profitability

Rail & Infrastructure A Saudi railway project brings a $623 million loss for Chinese…

One of the Five Pillars of Islam is the Hajj, a pilgrimage to Mecca that every Muslim should complete at least once in their lifetime. The number of ...

Give us a break

Economy Foreigners lose tax incentives

It’s official: after three decades of chasing foreign capital, China no longer feels it necessary to offer fiscal incentives to overseas firms. ...

He’s had enough of sharing

Chinese Character Tudou’s founder wants to turn video-sharing site into a major media…

Imagine you are the head of a sovereign wealth fund. One day a man comes to you and says, “I want to transform my Chinese online-video-sharing site ...

Sport Asian Games upsets locals

Athletes wouldn’t normally list kebabs as part of their training regime. That’s just as well because they won’t be able to buy any in Guangzhou ...

Who’s Hu Yin Mingshan

Born in 1938, Yin Mingshan entered business somewhat late in life. Caught up in the political chaos of the Cultural Revolution, he was banished from ...

China’s most famous daughter-in-law

Red Star Hai Qing

Hai Qing, 32, started her career as a dancer. When she was 18, she decided to move into acting and enrolled in the Beijing Film Academy. Since then, ...

A pair of good eyes

Society How the Ullens have made a fortune from collecting Chinese art

Warren Buffett may be the sage of stock picking. But when it comes to art investing, few people have the foresight of Baron Guy Ullens. Ullens, 75, ...

Auto Industry How does Volvo’s new CEO stay in Li Shufu’s good books?

Volvo guys are too conservative. They do nothing without 200% certainty. But I will act with 80% certainty. Combining the conservative and the ...

Planet China With the Expo now over, how is Shanghai going to continue…

With the Expo now over, how is Shanghai going to continue to attract tourists? The Shanghai Daily offers one prospect. The local zoo has made a special ...

Cartoons Jackpot!

Jackpot! ChiNext may seem to some investors to resemble a casino but how is the real thing doing across the border in the Chinese Special ...

And Finally Powerful children of the elite think they can get away with…

"Go ahead and sue me if you dare, my dad is Li Gang” is the phrase still enraging millions of Chinese netizens. It comes courtesy of Li Qiming, whose ...