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China Economics Trend Watching

Watch Thomas Friedman’s “The World is Flat 3.0” talk at MIT OpenCourseWare

Back in 2000, Tom Friedman recounts, the world began to shrink and flatten, under the influence of digital interconnectivity. Elaborating on his World is Flat thesis, Friedman describes how this new global order puts creative, entrepreneurial individuals in the driver’s seat, and poses distinct new challenges and opportunities. The digital platform that connects Bangalore, Boston and Beijing enables users from any of these places to “plug, play, compete, connect and collaborate,” and is changing everything, says Friedman […]

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China Information Technology Trend Watching

Watch Michael Anti’s “Behind the Great Firewall of China” Talk at TED

Michael Anti (aka Jing Zhao) has been blogging from China for 12 years. Despite the control the central government has over the Internet — “All the servers are in Beijing” (also known as “The Great Firewall of China”) — he says that hundreds of millions of microbloggers are in fact creating the first national public sphere in the country’s history, and shifting the balance of power in unexpected ways […]

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China Consumer Behavior Trend Watching

China, Socialism & Consumer Behavior: Rising cost of luxury goods slows to 2009 level

Price increases for luxury goods and services in China this year are at their slowest level since 2009 but continue to outpace inflation, according to a report by the Hurun Research Institute. China’s Luxury Consumer Price Index, which measures price changes in 62 luxury items, rose 4.94 percent in June from a year earlier, 2.79 […]

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China Information Technology Trend Watching

Information Technology in China: Smart City plans for Shanghai

Can you imagine such a “smart city” life? It can become a possibility in Shanghai as early as 2015. Presently, the system to build a smart city is having a trial operation in suburban Minhang District and gradually it will cover the whole city, Shanghai city officials revealed recently […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: private aviation market in boom

China’s private aviation market is on the verge of experiencing a sonic boom. Since 2008, the number of jets registered on the mainland has tripled to 137, and experts expect that digit to soar past 1,000 by the end of the decade […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Where the Chinese Millionaires and Super Rich Live

According to Hurun Research Institute, there are a total of 2.7 million dollar millionaires in China and those in Beijing, Guangdong and Shanghai combined represent almost half of total dollar millionaires (47.6%) […]

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China Economics Trend Watching

Living in China: Cost of living hurts Shanghai’s ranking

Soaring living costs and high housing prices are negatively affecting how Shanghai residents feel about their quality of life, according to a nationwide economic survey released recently […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: becoming the biggest market of luxury products

Observers predict that China will soon be biggest in the world for high-end designer consumer goods. Chinese people will buy more than half their acquisition of luxury goods on the mainland in 2014 rather than overseas, as is the case now, business research and consulting firm Frost & Sullivan said in its latest survey […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Shoppers go abroad for luxury bargains

Chinese consumers spent about US$7.2 billion on luxury goods overseas during the week-long Spring Festival holiday, a 28.6 percent jump year-on-year, according to a survey […]

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China Economics Trend Watching

Living in China: Shanghai’s air falls below standard

Shanghai has failed to meet a proposed air quality standard for the past five years, according to the city’s environment watchdog […]