China Economic ReviewThe Civil Aviation Administration of China (CAAC) announced that the management rights of 93 airports, involving RMB 40 billion in assets and 50,000 employees, would be transferred to provincial governments before the end of this year.
This map shows the current and future locations of high income households.
It is looking increasingly likely that the Chinese government will provide another massive bailout for China’s burdened state banks.
One of the China trade’s bestknown players, Jardines chief China rep Adam Williams, has just published his first novel, <i>The Palace of Heavenly Pleasure<i>. It is an adventure yarn set during the Boxer Rebellion when a deadly mixture of Manchu decadence, western arrogance, peasant superstition and Christian holier-than-thouness led to an uprising aimed at killing or driving from China all the Foreign Devils. CER asked Adam what parallels and differences he sees between that time of intense Chinese-Westerner confrontation a century ago, and today:
Changing demographics will impact on China business plans for all companies With China's overall economy expected to continue growing at around the current rate of 8 percent for years to come, the number of households considered 'high income' looks set to increase exponentially accompanied by a steady shift in spending patterns, according to a study […]