Author: christycui

President Xi said on last Sunday that China will imports $10 trillion worth of foreign goods in the next five years and Chinese companies will have outbound foreign direct investment of $500 billion. In the Boao Forum for Asia Annual Conference 2013 held in the beautiful Hainan Province, President Xi gave his estimates for future… Continue reading $10Trl Imports and $500B Outbound FDI in Five Years →

China’s Official data is notorious for its inaccuracy and even the Chinese joke around about it. However, recently researchers at the San Francisco Fed took a closer look at the GDP calculations by China’s National Bureau of Statistics and thought it was OK. The researchers used two separate indexes and created their own calculations based… Continue reading China’s Official Data Got Supporters →

There’s a famous saying floating around Beijing: A mystery about the housing market is that whenever you think the home price is already high enough, it can ALWAYS be higher. Just take a look at this article published in 2011 predicting the housing market to cool down. In fact, the home price has been more… Continue reading The Missing Plot in the Housing Bubble Story →

Peng Liyuan, a famous folk singer who appeared regularly on state television programs in her previous career, was more well-known than his husband Xi Jingping, the current president, until Xi took the new leadership position. Unlike her predecessors who were much low-profile as first ladies, Ms. Peng received much praise for her new public image… Continue reading China swoons over new first lady →

The Chinese tycoon Huang Nubo, also a former officier in the Propaganda Department, proposed to build a luxury hotel and an “econ golf course” at Grimsstadir, Iceland where snow falls from September to May every year. According to the NYTimes article, “even for Icelanders accustomed to harsh weather and isolation, Grimsstadir is a particularly desolate… Continue reading Iceland baffled by Chinese plan for golf resort →

Hong Kong was recently criticized for listing baby formula as a “reserved commodity” and limiting each traveler to export only 1.8 kg per person per day. Anyone who break the rule “can be fined up to half a million Hong Kong dollars and imprisoned for two years.” In fact, Chinese are stocking up baby formula… Continue reading Baby formula food scare →