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My Favorite Map for Understanding Modern China

The “cluster” map shown above (and below) is originally by McKinsey & Co. I think it really illustrates three important points about modern China. Point 1: China today is a series of clusters, not a continent. China today is not yet an integrated continental economy. You don’t see infrastructure seamlessly connecting each part of the […]

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How Tsingtao, CR Snow and the Other Beer SOEs Won Big in China (Pt 1 of 2)

The Chinese beer market looks similar to beer markets in the rest of the world – mostly regional markets mostly dominated by a few giant beer companies. But take a look at the below chart from 2013. You’ll note that China evolved with one big difference with the rest of the world: The dominating beer […]

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Senior Housing, Public Hospitals and Other China Businesses to Avoid

If something hasn’t happened yet in China, there are probably good reasons why. Here are four China businesses that are frequently cited in the news as big opportunities. But I think they all fall into the category of “well, if it’s so great then why hasn’t it happened yet?”. Thus, I think they should be […]

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Do 30M Chinese Really Live in Caves?

The “30M Chinese live in caves” statistic keeps getting repeated. And from relatively reputable sources – including the LA Times, the NY Daily News and Business Insider. Some reports even claim up to 70M people live in caves in China. Certainly many people in Shaanxi do have cave houses, as shown in the Shaanxi picture […]

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3 Ways Young Chinese Consumers (i.e. Millennials) Are Really Different

There are approximately 200M Chinese between 15 and 24 years of age. These are the millennials everyone is talking about. They are about 15% of the population and they are changing pretty much everything in consumer China. Probably the defining aspect of this group is that they have, by and large, been raised in abundance. […]

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Lessons From a China Scandal: Why United Airlines Got Dragged Down the Aisle by Chinese Consumers

This spring, the video of bloodied David Dao being dragged down the aisle of a United Airlines flight went global. It became news everywhere but it was the reaction in China that was probably the most surprising for United Airlines. There are lots of opinions as to why the Chinese reaction was so strong – […]

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Will Alibaba, Tencent, or Wanda Win in Chinese Entertainment? (Pt 1 of 2)

Alibaba Pictures and Tencent Pictures are two companies I keep a close eye on. They are very well positioned to win big in Chinese entertainment. And they are making unconventional moves in an industry that is both emerging and being disrupted at the same time. I recently spoke with a colleague at Alibaba Pictures. It […]

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Can China’s Bike-Sharing Boom Last?

Bike-sharing has taken off in China far faster than in any other market where it’s been offered. This new model with unexpected and shocking popularity has attracted lots of investment capital and media coverage. The attention has also raised questions about potentially razor-thin margins, wide-spread bike vandalism and theft, and government regulation. Hype, scrutiny and […]

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How President Xi and King Salman Can Move China and Saudi Arabia Beyond Oil

Saudi Arabia’s King Salman bin Abdulaziz Al Saud recently had a high profile meeting with Chinese President Xi Jinping in Beijing. Saudi Arabia is aggressively seeking foreign investment to diversify its economy away from oil. So the relationship with China is a high priority for the country. The Xi-Salman meeting produced the usual photos and […]

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My Favorite China Articles for March 2017

Greetings from Peking University in Beijing. It has been an amazing month. Lots of big developments in US-China business. And, in a crazy bit of luck, I ended up talking with Warren Buffett for a couple of hours over lunch – which I have written up in the articles below. Cheers, Jeff – Articles – Grocery […]