The global luxury goods market is somewhere around US$300 billion if you exclude fancy cars. And in just 4 years, global luxury spending has flipped from over 60% of it being in Europe and the Americas, to now over 60% of it being in Asia… Read More
All posts tagged “china”
Urban China’s empty homes
China Evergrande Group has been in the news lately for being one of the most indebted property companies in the world. The company is now looking to raise some $5 billion by selling a stake in one of its business lines. That seems like a… Read More
Cross-sections of the Kowloon Walled City
The Kowloon Walled City was once one of the most densely populated precincts in the world. And by some measures, it was. Prior to its demolition in 1993, the Walled City was believed to house some 50,000 people — mostly informally — and was known… Read More
China is building and megalopolises are now national policy
Well here are some interesting figures (via MIT Technology Review): In the past two decades, about 400 million people moved into China’s cities — so more than the entire population of the United States By 2035, about 70% of China’s entire population is expected to… Read More
How meaningful is the exodus from Hong Kong?
When I was in my early 20s, I spent a summer living and working in Taipei and Hong Kong. It was a wonderful experience. I’ll never forget my apartment in Hong Kong’s Causeway Bay. It was a small single room with a small bed and… Read More
Nearly half of the world’s population now lives in a country with a fertility rate below replacement levels
Prior to COVID, many projections had the world’s population plateauing sometime in the second half of the 21st century. This is expected to happen because about half of the world’s population now lives in a country where the fertility rate is less than the replacement… Read More
Wuhan as tourist destination
Seeing people out at bars and at amusements parks in this WSJ video about Wuhan, China is a little odd given that in this part of the world we are decisively in our second wave. But that is what is happening. In fact, the title… Read More
The internet is no longer American
This is the topic of Benedict Evan’s latest blog post, which is all about the internet, regulation, and the rise of China, as well as other countries. The internet is now deeply ingrained in everyday life. As of 2017, about 40% of Americans had met… Read More
China’s homes are currently valued at $52 trillion
The Journal published a piece this past week talking about China’s $52 trillion residential property bubble. According to a recent study by Goldman Sachs, this is the current value of all Chinese homes (built homes and developer inventory). And to put this number into perspective,… Read More
China’s meat supply chain is the problem
There is a growing global concern around China’s “wet markets.” Last week, Dr. Fauci was on the record saying that they need to be shut down immediately and that it boggles his mind that we continue to allow something which very clearly results in zoonotic… Read More