Posted in Business, China, Social on June 3, 2009 | 1 Comment »
This is a sad news indeed. A Chinese company bought the Hummer brand and will be bringing this gigantic (ugly ass) car to China!
I hate Hummers. And especially Hummers in crowded cities. In New York City, they even have Hummer limos which is the most obnoxious car in the world. They literally take up the [...]
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I came across this post by Michael Pettis on his analysis on why he thinks Chinese saves much more than the US. There are multiple reasons listed, most of which relates to policies and how Chinese do not have a safety net, how the credit system is not in place yet.
I think the real question [...]
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Posted in China, Media, Social on May 1, 2009 | 3 Comments »
Wang JianShuo, as always, wrote a thought provoking post a few days ago, titled, “Why people don’t use v-mails in China“? I have always pondered about this, as well as the question raised in his related post “Do you have a calendar“.
Wang’s perpsective is that Chinese people don’t use v-mails because they have leaped over [...]
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Posted in China, Social, education on April 30, 2009 | 1 Comment »
The WSJ ran a piece this week titled “China Faces a Grad Glut after Boom at Colleges“. This issue of oversupply of college graduates in China is not new… it has been written about back in 2006 here, and in 2007 here.
Together with everything else in China, higher education has expanded at a rapid pace. [...]
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Posted in China, Culture, Social on April 20, 2009 | 2 Comments »
I recently discovered Jenny Zhu’s blog which I find very interesting. Jenny is the face/voice of Chinesepod, the language 2.0 company. I was reading her post on “Language Snobs and Regional Superiority” and thought it brought up a few interesting observations.
Beijing and Shanghai are two of the proudest cities in China. It is not unlike other [...]
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What would you do with a Billion USD in China? I suppose it is not much different from what one does with a Billion dollar in the US – making the next 10 Billions I suppose…
There are many things fascinating about China today, one of which is the incredible speed in which individuals accumulate wealth. [...]
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Posted in China, Culture, Social on December 2, 2008 | Leave a Comment »
This Saturday, the first horse racing match (the first legal one anyways) was hosted in Wuhan as a test for the revival of horse gambling in China since 1949. Growing up in Hong Kong, horse gambling has always been a large part of life – we had 2 and sometimes 3 matches per week. The [...]
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Posted in China, Social on November 18, 2008 | Leave a Comment »
The mood is really somber these days… everyone has recession on their minds; news media is making pink slips a spectator sport. Recently, a friend from China visited and told me that 12,000 factories have already been shut down in southern China since there are almost no xmas orders from the US. Think about all [...]
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Posted in Business, China, Social on November 11, 2008 | 2 Comments »
Everyone has their opinion on what China’s new stimulas package means. Some believe it will lift the global economy, while others think it is an indication of how terrible the economy must be in China. As always, the announcement is vague and lacks clarify – is this rmb 4 trillion in addition to what has [...]
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Posted in China, Social on October 21, 2008 | Leave a Comment »
One of the questions that my colleague likes to ask on every trip to China is whether people think there might be a chance of social unrest in the next decade. Granted, it is an unofficial poll, but the results can be quite telling.
On the first couple of trips back in 06 and 07, most people think there [...]
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