Category Archives: China Business & Economy

US Declines to Name China Currency Manipulator. This is Still News?

October 16, 2014

The US Treasury Department said on Wednesday that China cannot be ruled as a currency manipulator, but highlighted the need for sustained progress toward a market-driven exchange rate. via US Treasury declines to name China as currency manipulator – China Daily Brief comment: how is this still a thing? Can we all agree to move […]

Comparative Red Tape: China vs. U.S.

September 24, 2014

I have also found that local Chinese politicians are much more interested in economic development than local politicians in the United States. I have many meetings and meals with mayors and vice mayors in China who want to attract our company’s business to their city. In America, by contrast, I had to call in a […]

Chinese Biz in U.S.: Turnabout is Fair Play

September 17, 2014

It’s of crucial importance for senior management of Chinese companies operating in the United States to adjust their mindsets, remain open-minded to differences and get ready to work closely with local professionals in order to grow their American business. Otherwise, they will either go astray or perish. via When in the US, do as the […]

Philips To Sell Auto Air Purifier in China

September 15, 2014

Philips brought a new onboard air purifier to the Chinese market on Sept 11 in an effort to expand its business in the automotive industry. The latest product can eliminate 99 percent of PM 2.5 as well as chemical pollutants and other odors, according to the company. Philips breathes life into onboard air purification – China […]

Foreign firms ‘must follow Chinese law’ – Who Knew?

September 11, 2014

The government’s recent intensive antitrust investigations were conducted following Chinese laws and never purposefully targeted any enterprises, Lu Wei, minister of the Office of the CPC Central Leading Group for Cyberspace Affairs, told a panel during the World Economic Forum in Tianjin. “China’s governance of the Internet follows the ‘bottom line’ approach, and all foreign […]

Why Did Ferrero Sponsor a School Diet & Fitness Survey in Shandong?

September 3, 2014

In late May, 50-year-old Li Yiqin finally received a group of visitors he had long been expecting. They were education experts from the Chinese Center for Healthy Education, an institute under the National Health and Family Planning Commission. Li is the deputy principal at Rizhao Foreign Language School, in Rizhao, Shandong province, one of the […]

U.S. Companies Say China “Subjectively” Enforcing Laws

September 2, 2014

China is targeting foreign companies with opaque laws and rules, according to a group representing U.S. businesses there, contributing to a deteriorating environment for investment in the nation. I’m rather enjoying some of the news coverage of the latest AmCham survey. Selective enforcement of the laws in China? My goodness, I’ve never heard of anything […]

China Eastern Airlines’ Profits Decline 98%

September 2, 2014

That’s an impressive drop right there. I wonder how much of that was attributable to fewer government officials flying first class before reforms kicked in? When you build that sort of revenue into your business model, wacky shit ensues. China Eastern Airlines, one of the country’s leading carriers, has posted a net profit drop of […]

The Latest AmCham China Biz Survey: Perception and Reality

March 20, 2014

It’s always difficult for me to find something interesting to say about the American Chamber of Commerce’s annual China business survey. The content itself is often of marginal value, with only a couple significant trends hiding away down in the data to be ignored by the mainstream press. Speaking of which, the domestic newsies like […]

China Dragged Away from XP Kicking and Screaming

March 10, 2014

The Chinese are none too pleased that Microsoft will be retiring XP next month, and the bitching and moaning has been fairly loud. But while it is true that in a sense, Microsoft will be leaving a large percentage of its PRC user base in the lurch, I would argue that the complaints have been […]

Talk of a China Tobin Tax Is Good News, Isn’t It?

January 6, 2014

Lots of chatter on the Interwebs about the possibility of a cross-border capital transaction tax in China (aka Tobin Tax – you remember this from first-year Macroecon) after some verbal musings on the topic from Yi Gang, head of the State Administration of Foreign Exchange and vice-gov of the PBOC. The Telegraph, bemoaning the effect […]

TCM Advice for the Cold and Flu Season. Or Maybe a Judgmental Rant.

December 2, 2013

Now that we’re sliding into the cold and flu season, a quick post on medicine seems entirely warranted. I’ll start off with a personal anecdote. The other morning, I woke up with a headache. The heat has been on for only a few weeks, so my rapidly-aging body is still adjusting to the suddenly desiccated […]

Wherefore Bribery and Corruption: Another GSK Post

August 28, 2013

A lot of folks are talking about the spectacle of expat investigators Peter Humphrey and Yu Yinzeng, who have been caught up in the GSK bribery scandal: On Tuesday, the couple appeared on China’s central broadcaster CNTV handcuffed and wearing orange prison vests, their faces blurred, admitting to “buying and selling” information in the course of various […]

JPMorgan Chase Accused of Influence Peddling in China {eye roll}

August 20, 2013

I’m sorry, but this is the big China scandal of the week, an accusation that a big investment bank hired family members of the rich and powerful? Seriously, is this some sort of journalistic practical joke from The Onion? I report, you decide (if this is silly): [T]he Securities and Exchange Commission (SEC) is looking […]

GSK: Should Have Seen It Coming?

August 6, 2013

Until now I haven’t written anything on the corruption scandal rocking pharma giant GlaxoSmithKline, partially due to other commitments but also because I didn’t really see an interesting angle. Let’s face it, this is not the first corruption story to hit the China foreign investment community, and it will not be the last. Neither is […]