The rise of the People’s Republic of China has caused the largest geopolitical shift since the emergence of the United States as a world power following World War II. What can the world expect from a prominent and powerful China and how will Chinese power influence the direction of world economic and political development? Less […]
Read MoreThe Hurun Rich List in the People’s Republic of China (PRC) reports that the number of Chinese billionaires has decreased this year with only 251 people making the list while 271 were on it last year. In 2006 only 15 billionaires were on the Hurun Rich List but this year marks the first time in […]
Read MoreWhen entrepreneurs in China seek financing for their projects they often turn to the informal credit market because the state-owned finance channels tend to prefer state-owned firms. Wenzhou is a manufacturing capital in China that produces everything from cigarette lighters to tennis shoes – its economy is both a shining example of how far China […]
Read MoreChina’s revelation that it cannot bailout the eurozone countries from their current fiscal quagmire might be due in part to its own bubbling financial crisis in the form of large, uninhabited real estate developments scattered throughout the country and into which billions in stimulus money were poured. One such place is a city in Inner […]
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