Chief among the new tenants of Chengdu’s main commercial drag, Chunxi Lu, are Starbucks and Häagan-Dazs. I used to live in Chengdu, and I was pleased to see the place spruced up and looking splendid over the Lunar New Year. I didn’t think that it was the kind of town where Starbucks could flourish (really […]
Category: This Week in China
I see the RMB is continuing its slow appreciation, undercutting at glacial Chinese water torture speed the complaints of Western protectionists. I would expect it to leap another 2% at some point this year, bringing it to 7.8 to the USD, or so. Investments in RMB of any sort are probably a good hedge over […]