WorldcrunchThe Economic Observer is a weekly Chinese-language newspaper founded in April 2001. It is one of the top business publications in China. The main editorial office is based in Beijing, China. Inspired by the Financial Times of Britain, the newspaper is printed on peach-colored paper.
BEIJING — At the just concluded Beijing International Film Festival, the hottest feature on the bill was the business battle between Chinese and American film industries. The Fate of the Furious, a Hollywood blockbuster, has grossed 2.35 billion RMB ($340 million) since its release two weeks ago in China, and it is projected to become […]
More and more Japanese, South Korean and other foreign manufacturers of TCM are not even using Chinese raw materials for the ancient cures. What is left then?
China eased its controversial one-child policy in late 2015. But there are still plenty of people, for one reason or another, who can’t have children and could benefit from surrogate woman willing to carry the pregnancy.
The Japanese diet is rich in carbohydrates, but widespread obesity has not occurred even through the country’s economic boom.
BEIJING — It’s been more than a year since China abolished the one-child policy ntroduced in 1979 to control the population. The politburo came up with a new two-child policy and simplified the government-approval process for couples seeking assisted reproductive treatment. The shift prompted older couples to use frozen semen and eggs, and test-tube babies. […]
-OpEd- TOKYO — On Dec. 2, Japan’s lawmakers voted for a bill that permits casinos. The aim of the legislation was to boost tourism and revitalize the economy. Gambling has been strictly prohibited in Japan ever since Empress Jito in the Seventh Century banned playing games for money. Japanese envoys learned gambling from China. They […]
-OpEd- KALAMAZOO — People from China who travel abroad are struck by the stark differences between their countries. In the U.S. and Europe, they probably envy how people live in comfort and are rich enough to engage in arts and public service. These countries in general have more honest and transparent governments, as well as […]
BEIJING — If you’ve ever had trouble ordering at Starbucks, just know you probably have plenty of company: millions of Chinese coffee lovers. When one customer recently posted an open letter online to the chief executive of Starbucks in China to complain about the way the American coffee chain calls its different size cups, the […]
A stressful Japanese work culture is deeply ingrained in the country’s mindset, with historical roots and very modern health risks.
Chinese business leaders should learn lessons from Japanese firms’ spending sprees of the 1980s and 1990s.
-Analysis- BEIJING — The numbers are decidely mixed. Year-on-year, China’s exports fell in September by 10%, which was a 0.5% further drop over August. Meanwhile, the National Bureau of Statistics showed that third-quarter Chinese GDP growth steadied to a solid 6.7%. But putting aside the short-term trend lines, the longer-term outlook shows alarming signs of […]
Mirroring some of the battles Uber has faced in cities around the world, local car-hailing apps in China like Didi Chuxing are getting heat from municipal administrations trying to protect the status quo.
BEIJING — “Our little monkey has decided to join the fun,” said Lucy, a 33-year-old woman expecting her first child this October. She’s one of many happy Chinese women due to give birth in the year of the monkey, an animal that is associated with cleverness in the Chinese zodiac calendar. A Founder Securities report […]
To understand why design is important, take a look at Silicon Valley. Forty-two design firms in the U.S. technology hub have been bought up since 2004. About half these acquisitions were made this past year alone. The 25 startups that got the most venture capital financing were founded by designers. Google snapped up the two-person […]
SHANGHAI — After five years of construction, Shanghai Disneyland will be inaugurated on Thursday with much fanfare. And with the arrival of China’s first park from the American entertainment conglomerate, many Chinese players in the theme park business are asking if the proverbial “wolf has really come” this time — dressed as Mickey Mouse. But […]
-Analysis- BEIJING — An in-depth report recently published by this newspaper, titled Robot Industry Development, Great Leap Forward-Style depicted the sector’s troubling situation in China. The article, needless to say, triggered plenty of discussion. According to Caixin’s investigative data, China currently has as many as 800 robot enterprises, although this statistic already excludes those which […]
BEIJING — A few days ago, somebody posted a video taken somewhere on a street in China. It could be almost anywhere. The video showed a little boy defending his grandma, a street vendor, and brandishing a steel pipe against the local “chengguan,” agents of the Urban Administrative and Law Enforcement Bureau. The chubby little […]
BEIJING — China’s copycat culture is so deeply ingrained that along with the mock mobile phones, counterfeit clothing and faux food packaging, there is also an abundance of supposedly civic minded NGOs that are also effectively counterfeit knock-offs. Last week, the Chinese Ministry of Civil Affairs published a list of 203 illegitimate civil society organizations. […]
With a low birth rate and grappling with how to maintain a work force and economic development, Japanese officials believe they have a solution in AI.
A rash of state subsidies in China has helped multiply electric car sales, but it has also warped industrial policy and undercut the market.
-Analysis- HONG KONG — “Super Coordinator” has quickly become the term-of-choice for the Hong Kong government to define its relationship with mainland China. Pronounced for the first time last June by Leung Chun-ying, the Chief Executive of the former British colony, the expression is used to emphasize Hong Kong’s crucial role in linking the mainland […]
A new study shows income and asset inequality in China has reached epic proportions, with the top undertaxed and the bottom at grave social risk because of a lack of civil protection.
-Analysis- BEIJING — Over the last week, Tieba, an online forum of Baidu, China’s largest search engine, has sparked a new kind of online controversy that should be a warning around the world. One of the Tieba bulletin board forums, which had originally been created by patients with hemophilia — a genetic blood disorder — […]
China’s avoidance of market rules have given rise to bloated, wasteful and debt-laden state-owned enterprises that continue to be funded despite their lack of merit. An overhaul of these must be on tap to improve the country’s stagnating e
A disproportionately high number of China’s so-called “super-rich” came from real estate. It’s the first clue about what’s wrong with Chinese wealth accumulation.
BEIJING — As it marks the 10th anniversary of its entry into China, Lamborghini is undergoing a major rebranding operation — and one that cuts against the current. While virtually all other luxury carmakers have focused on attracting younger customers, the iconic Italian sports car brand wants to appeal instead to a more mature customer […]
China’s GDP has overtaken that of Japan. If there’s one key area where Japan can still teach the Chinese, it is Japan’s demographic crisis.
An in-depth interview with the 45-year-old billionaire who has developed groundbreaking lens and smart-screen technology. Business, she says, is about distinguishing between rice pots and hotels.
BEIJING — Like others, as a child I used to daydream about taking a shovel and hunting through our yard for priceless treasure buried from ancient times. What I never would have imagined is that such an act can get you into serious trouble — even if it’s done on your own property. It’s a […]
BEIJING — A few days ago, a video showing Zhou Huzhen, the board chairman of Hebei College of Science and Technology, captured the attention of the Internet. The inevitable existential questions followed: Are Chinese universites bona fide educational institutes? Or are they really there just to maintain the power of the status quo? Zhou Huzhen […]
BEIJING — After enjoying years of double-digit growth, China’s luxury car market has screeched to an unprecedented slowdown with a growth rate of less than 6% for the first half of 2015. But there is one notable exception to the slowdown: the Beijing Benz Automotive Co. (BBAC) — the joint venture between the Chinese state-owned […]
For China’s State-Owned Enterprises, new reforms are aimed at linking senior management pay to the company’s performance.
A key component of the growing “Chinese-style” international capitalism.
BEIJING — In recent years, we have seen numerous Chinese dairy firms sign cooperation deals with and make acquisitions of foreign dairy companies. Such a strategy has thus helped introduce advanced technology into the Chinese market, and offer the advantages of low-priced international milk resources that allows China to compete against foreign brands’ milk-powder baby […]
BEIJING — How many certificates or other public documents does a Chinese citizen need through a typical lifetime? A senior official of China’s Communist party recently reckoned the answer is 103. A newborn baby changing residence needs a proof of non-criminality. A Chinese grown man who lists his mother as the emergency contact person on […]
The Asian Infrastructure Investment Bank that China is leading will launch with 57 founding members, but Japan isn’t among them. Its dependency on the U.S. is a symptom of its outdated thinking, and will leave it badly isolated.
Tensions are playing out in the South China Sea, and stakes couldn’t be higher.
-OpEd- BEIJING — After studying China’s lottery operations, the country’s National Audit Office recently identified “violations of discipline, misuse of funds, system deficiencies, poor management, and a lack of supervision in certain cities and provinces.” The disclosures around this murky institution are startling, but sadly, Chinese citizens are hardly surprised. The China Welfare Lottery Management […]
SYDNEY — Recently in this city’s trendy Darling Harbor district, a new high-end housing project of 581 apartments sold out in just five hours. One third of these flats — costing from 800,000 Australian dollars ($611,000) for a one-bedroom unit to more than 10 million ($7.6 million) for a luxury penthouse loft — were sold […]
BEIJING — China’s Prime Minister, Li Keqiang, completed a tour last week of four South American countries — Brazil, Colombia, Peru and Chile — that marks a turning point between the Asian power and the Latin American region. With his arrival in Brazil on the second day, May 19, Li unveiled a major achievement: a […]