Big data has made its way to China and has been eagerly adopted by the countryʼs tech giants. Does it stand to revolutionize business?
Do state-owned enterprises still hold sway over the Chinese economy? Economist Nicholas Lardy responds to that question, and lists out the five common misconceptions about China.
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 […]
The International Olympics Committee has mastered the art of monopoly pricing Now that the Olympics is over it is a good time to reflect on its economics. The Olympics is big business with an estimated $5 billion in revenue flowing to the International Olympic Committee (IOC) from 2009 to 2012 . Aside from television income, […]