Why the cost of discrimination in terms of race, gender or sexual orientation is so high, and why prejudice makes us all poorer.
This week, all eyes were on the Chinese economy growth figures, the lowest since 2009; and and Tesla stunned company watchers by opening a store on Tmall.
By using the principle of opportunity cost, Chinese companies can make better investment decisions.
This week, new worries about China’s economy came to the fore even as Beijing reemphasized its intent to continue with reforms; the Alibaba IPO roadshow raised huge interest in the US; and Apple’s iPhone 6 won’t be coming to China any time soon. The Slowdown Last week, a dip in China’s manufacturing Purchasing Managers Index […]
This week, Heinz recalled infant cereal after authorities found lead contamination; Xiaomi tied up with Ouya; Japanese auto part companies were fined for price fixing; and the ALS Ice Bucket Challenge came to China with Xiaomi CEO Lei Jun taking an ice water shower. In food and auto KFC and McDonalds would tell you how […]
The government is putting wealth management in China under the microscope, and is slowly catching up with the inherent risk of wealth management products. Can banks continue to invent new skirting methods? Bank deposits are boring, says Jane, a new recruit at a local bank in Shanghai. In a country where the government holds deposit […]
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 […]
Companies like TransferWise and CurrencyFair are gaining popularity in the online money transfer market. Will such services disrupt traditional banking the same way Skype disrupted long-distance telephony? TransferWise, a start-up that offers a low-cost way for consumers to exchange currency, recently raised $25 million, bringing it one step closer to convincing consumers and investors that it really will […]
The week that was: Apple is making a comeback and beating Samsung in China; China has a debt-to-GDP ratio of a whopping 251%; and fast food giants find themselves battling a new food scandal. Will Apple eat Samsung’s pie? Although the earnings report of Apple’s third fiscal quarter of 2014 (Apple’s fiscal quarter runs from end […]
China’s capital account liberalization and the new normal. Strolling through Hong Kong Central district at the junction of Garden Road and Queens Road Central, passers-by may not realize that they are at the epicenter of the next big step in global finance. Aside from remnant colonial buildings the architecture is 21st century urban, with signature […]