By Ian Talley and Lingling Wei The International Monetary Fund’s decision to bestow reserve-currency status on China’s yuan marks a major economic milestone for the emerging world power that will likely accelerate global demand for Chinese assets. By adding the yuan to the basket of elite currencies comprising the IMF’s lending instrument—the dollar, yen, euro […]
Latest Craze for Chinese Parents: Preschool Coding Classes
Wu Pei began teaching her 6-year-old son to code this year, thinking he’d enjoy learning a skill that might boost his future job prospects in an increasingly digitized world. Now, she runs classes in Nanjing, China, and is helping more than 100 parents introduce their children to coding. The 35-year-old former computer programmer with Foxconn […]
Chinese PreschoolChina Box Office: ‘Spectre’ Has the Competition Shaken and Stirred
by Abid Rahman With a stellar $48 million opening, the 24th James Bond film bagged a number of records for a 2D Hollywood movie in the world’s second-biggest movie market. It took a while, but James Bond finally won over Chinese audiences as Spectre, the 24th film in the franchise, grabbed itself a $48 million […]
China Box OfficeHong Kong defies China in 2018 World Cup
Hong Kong defies China in 2018 World Cup Asian qualifying match Philip Wen Beijing: Hong Kong citizens used a soccer match with China on Tuesday night to express their ill will towards Beijing, including booing and jeering the Chinese national anthem, which is also Hong Kong’s. The match, a qualifying round for the 2018 FIFA […]
China World CupChina e-commerce is huge, what not to do
Yes, China e-commerce is huge—here’s what not to do if you’re a foreign company trying to get in Andrea Fenn Early last month, I took a ferry from Shanghai to Zhoushan, a group of islands some 100 km (62 miles) to the southeast. The Shenying was a rust bucket of a boat, and on board […]
China e-commerceChina’s Buying Spree
China’s Buying Spree: 2014-15 Top Tech Deals Junko Yoshida TOKYO — The history of the electronics industry will mark 2014-15 as the watershed year of China’s great leap forward in the global market. Two major forces are at work. First, China’s policy efforts, combined with private-market forces, have launched a Chinese shopping spree of unprecedented […]
China Buying SpreeLuxury phone maker targeting Chinese
Luxury phone maker Vertu targeting Asia after sale to Chinese investors Not made in China: Luxury phone maker Vertu targeting Asia after sale to Chinese investors but vows to retain British craftsmanship Luxury mobile phone maker Vertu will target the Chinese market but keep its “made in England” tagline and home production base despite having […]
Chinese Luxury Mobile Phone InvestmentHow GM’s Bailout Became China’s Bonanza
By Edward Niedermeyer During the 2012 election, President Barack Obama held up his bailout of General Motors as a model in the fight against China’s growing manufacturing dominance, telling voters that the auto rescue would reverse the industry’s multi-decade trend of outsourcing. A single election cycle later, the question of government support for automakers has […]
GM Bailout Became China BonanzaChina building a copy of Hollywood
China’s Dream Factory Wang Jianlin, one of the country’s richest men, wants to rival Hollywood. So he’s building a copy. Willy Shih and Henry McGee Most americans probably associate Qingdao, China, with beer. In 1903, German and British settlers founded the Tsingtao Brewery there, and Teutonic influence can still be seen in some of the […]
China building a copy of HollywoodChina’s first luxury cruise liner set for launch
Twice as big as the Titanic: reports China’s first luxury cruise liner set for launch in 2020 He Huifeng China’s first domestically built luxury cruise liner – designed to be more than twice the size of the Titanic, the ill-fated British passenger ship that sank on its maiden voyage after hitting an iceberg in 1912 […]
chinese cruiseliner