Author: zhengm18

Golf in China is really expensive, a combination of the opulence and social status associated with playing the game.  Memberships in clubs in Beijing can run as as high as $150k for initial fees, and membership to clubs are often presented as gifts among the elites.  In most countries, a multitude of world-class golf courses… Continue reading Government Crackdown on Golf Memberships →

Alibaba’s rise to become one of the biggest internet firms in the world has been nothing less than meteoric, a growth trend that is correlated to a degree with the rise of Amazon, a company that Alibaba is frequently compared to.  Founded in 1999, Alibaba is a wide ranging conglomerate that provides consumer-to-consumer, business-to-consumer, and… Continue reading Alibaba, a Brief Overview and Singles Day Performance (11/11) →

It is a generally accepted fact that the 1978 reforms of Deng Xiaoping centered on intrinsic motivations have contributed greatly to the economic expansion of China and have secured the country’s legitimacy as an economic powerhouse.  This shift has allowed for consumption be classified as the main driver of economic growth.  But what seems to… Continue reading The Importance of TVE’s in China’s Early Economic Reforms →