China is pouring billions of dollars into Africa, running oil and mining firms all over the continent. China is constructing everything from roads and bridges to stadiums and important government buildings. The headquarters of the African Union, perhaps the most important political building in Africa, was built entirely with Chinese money, to the tune of… Continue reading Is China buying up Africa?
A study shows that China has one of the largest gaps between rich and poor in the world: The dilemma for Beijing’s new leaders is to try to make Chinese consumers, not exporters, the key driver of China’s economy. Why? China’s rich are already spending what they need, and pocketing most of the rest. The low… Continue reading China´s Wealth Gap
China’s auto industry looks like its truly booming. The three decade growth that positioned China as the second largest economy and the world largest automobile market seems to be paying off. Forbes has completed its 2013 list of the World´s richest individuals. In the list we can see how Chinese top auto executives are rapidly… Continue reading Chinese Auto Entrepreneurs
Notorious for stealing body styles, the Chinese automotive industry is quickly becoming the definitive source for unabashed design plagiarism. That’s why Beijing Automotive Industry Holding Co (BAIC) recently hired former Ferrari designer Leonardo Fioravanti, albeit as a consultant. Still, it’s an intriguing move that could signal the possibility of some interesting supercars coming from one of the world’s key… Continue reading Chinese Supercars
Japan has crossed a little-noted threshold by providing its first military aid abroad since the end of World War II, approving a $2 million package for its military engineers to train troops in Cambodia and East Timor in disaster relief and skills like road building. Japanese warships have not only conducted joint exercises with a… Continue reading Big Scary China