Sunday, 30 June 2013

China's rich travelers

It is no longer surprising that there are a lot of rich people in China. There are now 8,100 CNY billionaires in the country, 600 more than in 2012, including 2,700 identified by Hurun Research Institute, the key research institute that documents the wealth and spending habit's of China's richest. Hurun estimates that 5,400 have been missed, i.e. they represent "hidden" wealth. There are 600 individuals with USD1 billion or more in assets, 263 of them identified and 340 "hidden".

This is the background to Hurun's June 2013 report on The Chinese Luxury Traveler, summarized and linked below. What does this wealth of information mean for China and for the rest of the world? I try to answer these questions, briefly. You are welcome to add your comments and experiences.

Wednesday, 12 June 2013

think ASIA think HONG KONG

June 11, 2013, New York Hilton Midtown.

Jack So, Chairman of Hong Kong Trade Development Council.
Photo © Ken Davies 2013.

CY Leung, Chief Executive of Hong Kong.
Photo © Ken Davies 2013.

Ronnie Chan, Chairman, Hang Lung Properties.
Photo © Ken Davies 2013.

Marjorie Yang, Chairman, Esquel Group.
Photo © Ken Davies 2013.

Four of the opening speakers at this large-scale event. Please excuse the quality: all were taken from near the back of the main ballroom, so at a great distance from the subjects, with a pocket digital camera.

Saturday, 1 June 2013

Will China's economy avoid the doldrums?

Ken Davies

OECD Observer May 31, 2013

Will China’s growth slowdown last and what does it mean for the rest of us?

The gradual US recovery is still not strong enough to pull up the rest of the world economy. Abenomics has not yet worked its magic in Japan, if it ever will. And Europe is clearly out for the count. So can China be the new engine of the world economy?