Cheming Yang
Another new huge casino resort, Parisian, is poised to open for business in Macau in September. Macau has done fabulously in terms of economy in the past decade alongside the eruption of Chinese economy. Macau has basically turned itself into China’s Las Vegas. Nonetheless, its economy has also suffered contraction in recent years due to the soft landing of Chinese economy and crackdown on corruption in Mainland China. Continue reading
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Cheming Yang
WTO published “The World Trade Outlook Indicator” before G20 Trade Ministers Meeting in Shanghai. Shanghai was chosen as the venue certainly because of the fact that china is the hosting country of G20 this year. Nonetheless, this also signals the trend that the figures from China will most likely carry a lot of weight in predicting world trade outlook. Continue reading
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Cheming Yang
With extreme weather appears more frequently and the summer gets hotter and hotter, climate change and global warming have become more like a reality for most earthlings. So green is the hippest word in recent years and a lot of things have gone green. For instance, there are green buildings. Green, or sustainable, building is the practice of creating and using healthier and more resource-efficient models of construction, renovation, operation, maintenance and demolition. There is green finance, which means providing the financial incentives to cultivate the growth of green industries. And in responding to the outcry for environmental conservation, I can say we also have green recreation, which is indeed an area that needs investment as well. Continue reading
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Cheming Yang
Wanda Group’s founder, Wang Jianlin, the richest man in China, said in a TV interview that he plans to “overtake Disney” as the biggest global tourism company by 2020. This is a challenging ambition but not out of ordinary. However, he kept on saying the frenzy of Mickey Mouse and Donald Duck and the era of blindly following them have passed. Wang alleged that Disney is “entirely cloning previous intellectual properties, cloning previous products, with no more innovation.” He said Disneyland’s high prices would also drive away Chinese customers. Continue reading
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Cheming Yang
Recently in Taiwan, a highly valued, in terms of stock prices, biotech startup, Obipharma, stirred up turmoil after unblinding one of its clinical trials. The clinical trial is about a cancer vaccine and was touted to be quite promising all along. As what usually happens in clinical trials, the results fail to live up to the company’s and the general public’s high expectation. Needless to say, the final results of this trial fell short of the primary end point. No surprise at all, its stock prices plummeted. Continue reading
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Cheming Yang
This year marks the 15 years of the Boao Forum. This year’s theme is “Asia’s New Future: New Dynamics, New Vision”. Continue reading
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Cheming Yang
We have seen currency wars. Countries try to depreciate their currencies in the race of export.
We have seen zero or negative interest rates, notably in Japan and the euro zone. The ECB already applies negative rates on banks’ cash deposits. In 1995 the Bank of Japan (BOJ) lowered its main interest rate to 0.5 percent. Rates have never been higher since. Earlier this year it adopted negative interest rates on certain bank deposits and had yields on its benchmark 10-year bonds fall below zero. And experts said this trend could extend for several years. Continue reading
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Cheming Yang
The Monkey is the ninth of the 12-year cycle of animals which appear in the Chinese zodiac related to the Chinese calendar. The monkey is a clever animal. It is usually compared to a smart person. The most well-known monkey in Chinese literature definitely appeared in The Journey to the West, in which Sun Wukong travels to the West with his master in search of Buddhist scriptures. Continue reading
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Cheming Yang
2015 is definitely not a good year economically. The economic growth has slowed down signicantly in China. The GDP growth is estimated to fall below 7% in 2015. I recalled that we did a cover story in the March of 2012 regarding China’s GDP fell under 8%. 8% was considered a bottom line at that time. Now, China can barely make 7%. Continue reading
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Cheming Yang
The craziest shopping spree this month no doubt happened on the 11th of November. This date has been designated as Singles Day by Chinese online shopping tycoon Alibaba because 11th of November can be written down as 1111 which can be viewed as four singles.
Alibaba said total sales exceeded $5 billion in just the first 90 minutes of the 24-hour sale, which kicked off at midnight in Beijing. About 72% of sales were from mobile phones. Continue reading
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GOLD MONEY TALK 