Cities across China are making huge investments in order to transform themselves into world-class innovation hubs. So far, the Pearl River Delta Greater region, led by Shenzhen, Guangzhou and Hong Kong, is the most promising area. Connected by high-speed railways and land bridges, barriers between Hong Kong and mainland have been removed. With Hong Kong as the financial hub, Shenzhen as the innovation center and Guangzhou as the long-term trade harbor, China’s “Greater Bay Area” is taking shape. Will the regional integration create a new innovation engine that China urgently needs?
The long awaited Shanghai-Hong Kong Stock Connect Program is finally here. But is it living up to its lofty goals?
This week, the HSBC PMI showed an uptick in China’s manufacturing activity; news of the possibility of an RMB clearing house in Toronto made waves; and Alibaba posted strong second quarter results.
This week, there was fresh debate over whether China will overtake the US to become the largest economy in the world this year, the RMB inched one step closer to true internationalization, and all eyes were on Hong Kong to gauge the impact of the Occupy Central protests on the economy.
A look at Chinese outbound tourism statistics: which countries feature big on the travel plans of Chinese tourists and how they are impacting the local economy there. The number of Chinese tourists criss-crossing the globe is swelling. As disposable incomes rise and the government eases restrictions on travel, more and more Chinese citizens are finding it […]
The week that was: China’s growth slows further; financial regulators wrangle over debt problems; and meat processing company Shuanghai International (now known as WH Group) prepares to list in Hong Kong. China prepares for slower growth More signs of a slowing Chinese economy this week—imports and exports fell by 11.3% and 6.6% year-on-year in March, surprising […]
The week that was: Panasonic offers China-based Japanese workers hardship allowance; Alibaba IPO to reportedly happen in New York and not Hong Kong; tech giants plan to issue virtual credit cards; and premier Li Keqiang acknowledges the 7.5% GDP growth target is flexible. Panasonic’s air pollution compensation There seems to be a silver lining in China’s pollution […]
Will 2014 be the year of Michelin Star restaurants in China? At the turn of the 20th century, brothers André and Édouard Michelin published the first ever Michelin Guide for restaurants in France. The guide was intended to draw potential customers out of their immediate vicinities and drive to the starred establishments, which meant more […]