China’s urbanization will provide “sustainable investment” and become a key factor in bolstering the country’s growth during the coming five years […]
Tag: Chinese Economy
Speaking at a TED Salon in London, economist Martin Jacques asks: How do we in the West make sense of China and its phenomenal rise? He examines why the West often puzzles over the growing power of the Chinese economy, and offers three building blocks for understanding what China is and will become […]
JWT’s Tom Doctoroff Offers 5 Ways brands can win over China’s 300 million senior citizens, a market that will reach 500 million by 2025 […]
Stimulus policies spurring Chinese domestic consumption will be maintained in 2010, while high sales growth of home appliances and automobiles due to the stimulus packages will not affect consumption, analysts predict […]
Luxury marketers are escaping the recession that has hit sales in developed markets by focusing on China […]
For the better part of the past decade, the world economy has been dominated by a unique geoeconomic constellation that the authors call “Chimerica”: a world economic order that combined Chinese export-led development with U.S. overconsumption on the basis of a financial marriage between the world’s sole superpower and its most likely future rival. In this paper, economic historians Niall Ferguson of Havard Business School and Moritz Schularick of Freie Universität Berlin consider the problem of global imbalances and try to set events in a longer-term perspective […]
Chinese Premier Wen Jiabao stressed the importance of promoting domestic consumption and independent research and development during a three-day inspection tour of the central Hunan Province, which ended recently […]
The McKinsey Quarterly recently held a panel of leading Chinese economists who explain how the world’s fastest-growing economy keeps expanding despite the global downturn […]
According to latest statistics, China received a total of 828,328 patent applications in 2008. Of which, 717,144 were domestic patent applications, accounting for 86.6 percent of the total number of applications. Of all received domestic patent applications, the number of invention patent applications reached 194,579, up 27.1 percent from the previous year. In 2008, China authorized a total of 411,982 patents. Of these, the number of China’s domestic patents stood at 352,406, accounting for 85.5 percent of the total and an increase of 16.8 percent compared with the previous year. By the end of 2008, China had cumulatively received 4,853,506 patent applications, of which, it authorized 2,501,268.
With the opening to new markets and the growth of the Chinese economy, a new social class has emerged — to some extend, unthinkable in a Communist China: the millionaires. According to a survey from Cap Gemini/Merrill Lynch, the number of millionaires (in US Dollars) in China have reached more than 230,000. The large majority of these new riches choose Shanghai to invest their money and also spend their money…