Foreign supermarket giants are losing their dominance in the Chinese market to local competitors. The retreat of foreign supermarkets is reinforcing China’s reputation as an infamously difficult market to break into.
Ting Lu, managing director and chief China economist at Japanese investment bank Nomura forecasts China’s economic development.
ByteDance is one of a new wave of Chinese tech companies challenging the older and more established Chinese players, led by BAT (Baidu, Alibaba, Tencent). TikTok is the first Chinese app to take the world by storm, and its owner is now rubbing shoulders with the likes of YouTube and Facebook.
Bruno Roche, chief economist and Catalyst managing director for global food producer Mars, explains how the “Economics of Mutuality” can benefit businesses all over the world For more than five decades, Mars Incorporated—a multinational family-owned company, makers of iconic brands like M&Ms, Mars, Snickers, Dove, Uncle Ben’s, Pedigree, Royal Canin, Wrigley’s and more—has invested […]
Sales in China’s secondhand market are booming. What is driving the trend away from new? Buying a used car or anything else secondhand is still unusual in China, where consumers have a deep desire for the new. But low prices, online convenience and a slowing economy are changing things. He Bin, like many men […]
Chinese startup Luckin Coffee is expanding at a breakneck pace. How will Starbucks and other coffee players respond? Starbucks had coffee lovers in China’s main cities wrapped up until Luckin arrived, but is the market big enough and growing fast enough for both and more coffee vendors?
The “fourth industrial revolution,” defined by artificial intelligence, has begun. But with it comes a new problem: How can we protect our privacy while utilizing data as an asset? Property rights have been crucial to society since time immemorial, but as technology evolves, rights too are changing, and creating new challenges.
China, home to half of the world’s Smart Cities, is rapidly enhancing its technology to upgrade urban management. With the imminent rollout of the Internet of Things (IoT), Smart Cities featuring a centrally-controlled approach to just about everything, are becoming a reality, and China is leading the way.
Given their ongoing differences, what will the future of China-US relations look like? After more than 40 years of growing ties, the economies of China and the US are now deeply intertwined, and decoupling to any degree would mean a disentangling of enormous complexity.
With no immediate end in sight for the trade war between the world’s two largest economies, and with no signs of a fundamental easing of tensions between China and the United States, how are American companies in China caught in the crossfire coping?
China is close to releasing a national digital currency. How would such a currency run by a central bank work? China is where paper money was first invented a thousand years ago, and it might be where paper as a proxy for value also fades from the world stage.
In this interview, Roseann Lake explores gender roles in China and how these so-called “leftover women” are shaping the country’s economic future.
Jun Wu, founder of venture capital company AMINO Capital, explains the challenges facing China’s nascent information-technology sector Jun Wu joined Google in 2002 as a senior expert and was a major contributor in developing the Google Search Engine for Asian languages, later becoming a pioneer in combating internet search fraud. He also served as vice […]
China’s massive outward direct investment spending spree has stalled after a series of policy shifts and strong capital controls. What happens next?
Until now, only billionaires, world leaders, and James Bond villains flew to work, but someday soon, you too may have a faster commute: many companies around the world are hard at work on electric vertical takeoff and landing (eVTOL) aircraft, essentially super-sized drones designed to whisk two to four people from one side of a […]
Parag Khanna, founder and managing partner of FutureMap, explains the importance of understanding geopolitics and multipolarity in Asia.
What is behind China’s rise in charitable giving? The start of charitable giving as a trend in modern China can by pinned on a single date—May 12, 2008, the day an eight-magnitude earthquake hit Sichuan province leaving 70,000 people dead. Before that disaster, making charitable donations simply didn’t enter the heads of most Chinese people. […]
China is strengthening its intellectual property laws much faster than many realize. Intellectual Property Rights infringement has been a longstanding issue in China, but as patent laws have developed, foreign firms are saying there are signs of progress. In late April, China’s Ministry of Public Security launched one of the most dramatic piracy busts […]
In this wide-ranging discussion, Schneider discusses the complex impact Chinese and other Asian art collectors are having on the global art market, and ways in which smaller Chinese galleries can survive Western competition.
Is Art’s New Silk Road a One-Way Street? In this four-part series, we look first at the rise and evolution of China’s art market over the past four decades; next, at ways in which Chinese collectors may now be reinforcing market dynamics that reduce sales for Western and Chinese artists; and third at possible strategies […]