China 

Why are more of China’s students returning from overseas big fans of the Chinese economic model?

At the turn of the century, many people foresaw a “westernisation” process taking place in China – the development of a market economy and a freer society – especially after China joined the World Trade Organisation in 2001 with a clear commitment to reform its state-owned enterprises. The number of Chinese students studying in the US and European schools soared, offering fresh hope that returnees with an overseas educational background would facilitate China’s transformation into a society… Source link

Read More
China 

China ignoring US demand for trade war reform by reinforcing state-directed economic model

China is reinforcing its state-directed economic model despite demands for change from the United States as a condition to end the trade war, and is in fact increasing the influence of state-owned enterprises and the Communist Party’s intrusion into the boardrooms of private companies, as highlighted by a string of recent events.On Monday, the State-owned Assets Supervision and Administration Commission (SASAC), which directly supervises more than 50 trillion yuan (US$7.3 trillion) of state… Source link

Read More
Home 

Chinese cities experiment with new approach to land sales while Hong Kong sticks with highest-bidder model

Local authorities in many mainland cities are exploring new ways of awarding land to developers as they seek to curb property prices, throwing the spotlight on Hong Kong’s long-established practice of simply picking the highest ­bidder.Among the new land sale models, some apply administrative limits on how much developers can charge for completed units as a way to help maintain ­affordability, while others include requirements for public housing or picking bidders offering close to an average… Source link

Read More
Home 

Tesla surges on record quarter of deliveries, boosted by strong Model 3 car sales in China, Europe

Tesla shares surged in European trading as a record quarter of deliveries alleviated the worst fears about demand for the Elon Musk-led company’s electric vehicles.The Model 3 maker handed over 95,200 cars to customers in the three months ended June, exceeding the previous best mark set in the last quarter of 2018. Tesla’s delivery count exceeded all but one analyst’s estimate in a Bloomberg News survey.Tesla shares soared as much as 7.7 per cent on Tradegate early on Wednesday. The stock was… Source link

Read More
Home 

French sporting goods brand Decathlon bets on try-it-before-you-buy-it model to battle industry heavyweights in Hong Kong

Marc Zielinski, Decathlon Hong Kong’s chief executive, loves to run outside work hours. But when it comes to expanding the French sports equipment company in Hong Kong, he says: “It is not a race.”“Yes, we have plans to expand. But we like to say we open where we are needed,” Zielinski told the South China Morning Post this month during the soft launch of Decathlon’s third store in Tseung Kwan O, about two years after the brand first entered Hong Kong.The 36,000 sq ft retail space, which the… Source link

Read More
Home 

Foreign start-ups eye China’s vast digital health care market, but finding the right revenue model holds the key to success

Digital therapeutics and smart medical management, an emerging field in the health care industry, is attracting some foreign companies to China, which has the potential to improve the lives of people living with chronic conditions and reduce their medical bills.“In China, digital technology will play a massive role in patient outcomes and health care costs,” said Celina Chew, German life science company Bayer’s president for Greater China.While China’s market potential is huge in chronic… Source link

Read More
Home 

China’s biggest low-cost carrier says new routes are frustrated by delivery delays of the A320neo model of its workhorse aircraft

Spring Airlines, mainland China’s first and biggest low-cost carrier, said it is losing valuable runway slots and unable to operate new routes as planned because of delays in taking delivery of new aircraft from its sole supplier Airbus.The problem boils down to delays in the delivery of Airbus’ A320neo jets, of which Shanghai-based Spring has six in service, while another 10 due for delivery in 2019 could fall short of two planes heading into 2020, said the carrier’s chairman Stephen Wang.“In… Source link

Read More
Global 

What if the US and China were to decouple financially? Bank of America analysts have a war game model for the implications

With US-China trade tensions deepening, analysts at Bank of America have war-gamed some potential implications for financial markets.“What if China and the US were to decouple financially,” a group led by David Cui, head of China equity strategy with the American bank, asked itself in a June 4 note to clients. It’s “not our base case but an emerging risk worth monitoring,” they wrote.Among the potential implications of any moves to establish a financial iron curtain between the world’s two… Source link

Read More
Money 

Tesla announces prices of Made-in-China Model 3. At 328,000 yuan it’s 13 per cent cheaper than US imports

Customers can pre-order the Model 3 car assembled in China after Tesla announced on Friday that it would be priced 13 per cent lower than the US imports, taking the electric carmaker a step closer in tapping the world’s largest EV market.The standard range plus Model 3 car that Tesla plans to assemble at the Gigafactory 3 in Lingang, Shanghai, will be priced at 328,000 yuan (US$47,529), 49,000 yuan cheaper than the same model currently imported from the US.Tesla’s US-built cars are now subject… Source link

Read More
Home 

Investors pile into Viva Biotech’s Hong Kong IPO as they are confident of the R&D services provider’s business model

Viva Biotech’s hugely popular IPO last week, which was oversubscribed was 106.9 times, reflects growing risk appetite among retail investors in the nascent drug research services sector in Hong Kong, according to analysts.The retail tranche of the Shanghai-based company’s HK$1.37 billion (US$176 million) IPO handily beat the 90.8 times subscription interest seen in vaccines developer Cansino Biologics’ offering in March. Subscriptions to Viva’s IPO topped its eight predecessors – mostly… Source link

Read More