Major American brands like Apple, Nike, Starbucks and McDonald’s are rapidly losing sector share in China to new domestic rivals. Chinese tech firm Huawei, sportswear brand Anta, Luckin Coffee and fast-food restaurant Tastien are eating away at these American brands’ sector dominance. WSJ’s Jonathan Cheng explores how Chinese brands are squeezing their U.S. rivals out. … Read more
Financial institutions in Shanghai are combining their expertise to help tech companies, especially small and micro firms, according to latest official statement. Local branches of commercial lenders and assurance companies have been offering a more tailored service to tech startups, which benefits both sides. Disclaimer: If you own the YouTube channel related to this video … Read more
China’s economy is teetering on the brink of widespread deflation—a scenario that could cause even more problems than high inflation. Economists are afraid that deflation is happening in China like it did in Japan’s recession in the 1990s. Like Japan in the ’90s, Beijing is also experiencing a real estate crisis. So how could this … Read more
China Zhongwang Holdings Limited is known as the “King of Aluminum in Asia.” On October 15th, China Zhongwang suddenly announced its subsidiaries “had suffered significant losses and operational difficulties. Despite efforts from various parties, they are unable to solve the current problems on their own.” The two subsidiaries mentioned are the primary companies of the … Read more
China concept equities are a series of equities whose main resources or revenues of companies are located in mainland China. This past week, prices of China concept equities listed in the U.S. and Hong Kong plummeted due to a regulatory storm by the Chinese government. As of July 29, the NASDAQ Golden Dragon China Index … Read more
Ha-Joon Chang, author of Economics: The User’s Guide, speaks to World money management about how Asian banks can continue growing from strength to strength, especially as Western economies face sluggish expansion. For a full transcript visit: http://www.worldfinance.com/videos/chang-simplified-instruments-key-to-asian-banking-dominance For more World money management videos go to http://www.worldfinance.com/videos/ Disclaimer: If you own the YouTube channel related to … Read more