China’s digital economy is booming and creating more employment opportunities, the number of jobs created from this sector is far more than jobs that will be eliminated by technology in future. Alibaba, the e-commerce giant which has expanded into cloud computing, financial technology and media and entertainment, could account for as many as 29.4% job opportunities in China’s digital economy by 2035. In this edition of China Data, we bring you data about China’s domestic debt, clean energy, debt-for-equity swaps and more.
China’s home loan market reached $539 billion in the first nine months of 2016, more than double the same period in 2015. Based on figures from Ehomeday, Shanghai’s second-hand home price index rose by 27.82% year-on-year on October 2016. In Q4 2016, the skyrocketing home prices slowed across the country due to tighter government restrictions, but nevertheless, 2016 witnessed an astonishing 19% overall increase in home prices. In this edition of China Data, we bring you the latest numbers from China related to state-owned enterprises reform, China’s export slowdown, outbound tourism, Dalian Wanda’s new studio complex and more.
China is taking its place to be one of the world’s largest M&A markets. In the first six month of 2016, China’s outbound M&A volume surpassed 2015 full year record, and not only volume increase is obvious, the number and size of deals are also rising. In February ChemChina agreed to buy Syngenta AG for $48 billion; Haier, with an $5.58 billion M&A, has General Electric’s appliances business officially under its name; Midea engaged in a $5.0 billion bid for German robotics maker Kuka. In this edition of China Data, we bring you statistics on China’s professional sports market, labor productivity, domestic brands, and more.
The world’s largest restaurant chain is gearing up to do even more in China. In a bid to make China its second-largest market globally, fast food company McDonald’s is set to open 1,250 new outlets in China over the next five years. Despite recent troubles over food safety in China, McDonald’s continues to be gung ho about its prospects in the country. Even concerns over a slowing economy aren’t dampening is spirits. McDonald’s is betting on population growth and rising urbanization to give sales a boost. In this edition of China Data, we bring you the latest numbers from China: from Ronald McDonald’s China plans to wind power and pork prices in the country.
According to the Hurun Global Rich List, with 568 billionaires, Greater China overtook the US (with 535 billionaires). Mainland China, Hong Kong, Taiwan and Macau minted 90 new billionaires over last year. Even as the ranks of billionaires swell in China, the damning reality is that wealth is concentrated amongst a handful of people. According to a survey conducted by a Peking University institute, 1% of families in China own 1/3rd of the wealth. That speaks of a serious imbalance in the society. In this edition of China Data, we bring you statistics on China’s wealth imbalance, Dalian Wanda’s investment in healthcare, Chinese tourists in Japan, and more.
Each year Alibaba breaks a new record on Singles Day, the 24-hour online shopping extravaganza that has now become an annual event. This year was no exception. With sales of RMB 91.2 billion ($14.3 billion), Alibaba surpassed last year’s (also record) sales by a whopping 60%. What started as China’s equivalent of Cyber Monday, Singles Day has become bigger than both Cyber Monday and Black Friday. In this edition of China Data, we bring you the lowdown on Alibaba’s Singles Day numbers, Vanke’s moves in the UK real estate market, Baidu’s interest in the online travel market, and other important bits of data from China.
From stats on online gaming revenues to tier-one home sales, the China data you need to know. Anyone travelling by subway in China will notice one thing: nearly everyone is busy with their smartphone. For some it is social media and for others it is games. It’s no wonder then that online gaming is soaring in popularity. […]
From stats on China’s megacities to the drop in carbon emissions in China, the numbers you need to know.