By using the principle of opportunity cost, Chinese companies can make better investment decisions.
Can increased competition in Chinese industries help the country meet its goals for greater reforms? During last November’s Third Plenum, the party’s Central Committee unveiled a blueprint for reform to drive greater economic growth in China. An important component of these reforms is an increase in market competition.While the Central Committee is perhaps thinking primarily of the […]
Various cities across China are restricting new car purchases in an effort to curb pollution and traffic using either auctions or lotteries. Which of these two methods works better? In efforts to contain rapidly-escalating congestion and pollution, city governments across China are experimenting with numerous methods to pull cars off the road. Some of these […]
China’s 2,132-year old salt monopoly and why it makes sense to finally end it. Early last year Taobao, Alibaba’s online marketplace, went through a cleansing process to remove contraband being sold by merchants on the site. What was this illicit item? Was it cocaine or heroin sale of which is prohibited under China’s Drug Administration […]
Last time I discussed how important movie-release timing is to box office sales in the US and how studios play a game of “chicken” to obtain the choicest time slots. This time I talk about how differently things work in China. Last time I talked about how studios play a game of “chicken” when scheduling movie releases […]
How will choosing your major affect the cost of your education? For students attending Chinese universities, price discrimination between majors is a costly concern. College applicants in the US often experience “sticker shock” when they discover the price of a university education. But one thing they do not have to worry about is how their […]