Report: China ‘Affluent’ Population to Hit 280 Million by 2020
November 18, 2012
As China looks to shift its export-dependent economy to a greater reliance on domestic consumption, one number is in its favor: 280 million.
That’s the total number of affluent consumers China is expected to have by 2020 – more than doubling the current total of 120 million — according to a new study by consultancy Boston Consulting Group.
How China Became Capitalist
Nobel Prize–winning economist Ronald Coase and Professor Ning Wang on the transformation of the Chinese economy.
China’s economy to overtake US in next four years, says OECD
November 10, 2012
China’s economy will be biggest in world by end of 2016, says leading international thinktank
What will the world be like when China is a global superpower?
November 7, 2012
What will the world be like when China is a global superpower?
China Diabetes Triples Creating $3.2 Billion Drug Market
November 5, 2012
Beijing doctor Li Guangwei sees China’s struggle with 90 million diabetes sufferers daily. Among the standing-room-only crowd waiting outside his clinic door are patients with slurred speech, mismatched clothes and aggression.
Will China finally open up to Hollywood?
November 4, 2012
The mood of the day was cautiously upbeat. After all, China soon will become the world’s largest overseas consumer of tickets to big-budget American-made movies, and Coleman, with DreamWorks CEO Jeffrey Katzenberg, is planning to open the doors of the new US$350 million joint venture animation studio Oriental DreamWorks in Shanghai early in 2013.
As Economy Slows, China Looks For A New Model
November 1, 2012
China’s rapid expansion has been fueled in part by massive construction projects, like this one in Beijing, shown last year. But many economists say the Chinese economic model is unlikely to produce the same explosive growth in the coming years and needs to be revamped.