China’s Staggering Demand for Commodities JEFF DESJARDINS China’s Staggering Demand for Commodities >50% OF ALL STEEL, CEMENT, NICKEL, AND COPPER GOES THERE The Chart of the Week is a weekly Visual Capitalist feature on Fridays. It’s said that in China, a new skyscraper is built every five days. China is building often, and they are building…
Why Are Chinese Spending $40bn in Buying Foreign Homes? China’s buyers defy the law to satisfy thirst for foreign homes Citizens spent $40bn on overseas housing in 2017 despite Beijing’s ban Window shopping: Shanghai’s luxury property fair attracted thousands of prospective buyers in December For Chinese citizens, it is theoretically illegal for them to move…
China’s Huge Bet on Tech With $189 Billion Giant of Finance Bloomberg News December 17, 2017 Ping An wants to get half its earnings from technology Shares have jumped 99% in 2017; CFO says they’re undervalued These days, every big finance company worth its salt is finding ways to boost its bottom line with…
Where Are We on China Union Pay’s Anticipated Challenge to Visa and MasterCard? As the Chinese government welcomes leaders from around the world for its Belt and Road Forum in Beijing, analysts will ask: is the One Belt One Road (OBOR) initiative a plan to overthrow the existing global order, by pulling Asian countries into…
Russia Bets on “Voracious” China With $6 Billion Fertilizer Mines MOSCOW – China’s dilemma of how to feed its booming population will partially be answered by fancier fertilizers, according to one of the world’s richest billionaires. EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is spending over $6-billion on two mines…
Airbnb’s Biggest Rival in China Raises $300m to Fund Rapid Expansion Chinese startup Tujia gains a valuation of more than $1.5 billion as it looks to win over young Chinese holiday maker Airbnb’s biggest rival in China, Tujia, has raised $300m (£227m) to fund a rapid expansion and ride a surge in Chinese families taking holidays around the world.…
Chinese Airbnb Rival Xiaozhu Just Raised $120 Million in New Funding [Photo: courtesy of a xiaozhu] Xiaozhu, the Chinese home-sharing site, just got a whole lotta cash in its bid to take on rival Airbnb in the massive Chinese market. According to travel biz site Skift, the company just got $120 million in funding courtesy of a round…
31 Chinese Cities With Economies as Big as Countries JEFF DESJARDINS on November 3, 2017 at 12:25 pm SHARES1.0K 31 Chinese Cities With Economies As Big as Countries The Chart of the Week is a weekly Visual Capitalist feature on Fridays. Gaining perspective on China’s monstrous economy isn’t always the easiest thing to do. With…