If you want to run a standardized test taking center in Hong Kong or South Korea, you could probably make a bundle the next few years. Or if you know how to setup trust funds, you can probably help the “new” rich figure out how to emulate Western families and their wealth management strategies. Thanks to Sinocism for some of the links.
- Hong Kong’s New Big Draw: The SAT from The Wall Street Journal (more than 50,000 mainlanders will take the test in HK this year, all in English)
- China Opens Medical Service to Private Sector in Ground-Breaking Reform from Caijing
- Meet China’s Beverly Hillbillies from Foreign Policy (tuhao)
- China’s Big B2C Shopping Marketplace Unveils Site for Curious Western Retailers from Alizila (very smart idea to get western brands into China)
- Chinese tech firms Huawei and Rekoo to invest in UK from The Guardian
- London to become hub for China’s yuan from Associated Press
- The Rise of Chinese Trust Funds from The Economic Observer (really smart idea for both parties)
- CITIC launches China’s first land-backed trust product from Reuters
- China to ban new projects, strengthen market in new overcapacity plan from Reuters (doubt it will work, local SOEs are very powerful and creative special interests)
- China swaps pandas for uranium in trade deals from CNN|Money
- China Intervened Aggressively in Currency Markets in Latest Quarter from The Wall Street Journal (yuan hit an all-time high this week at 6.10 RMB/USD)
- Recovering a Submarine’s Secret Salvage from The Wall Street Journal
- Q&A: Taking China to Court Over the South China Sea from The Wall Street Journal
- China’s floating fishing cities from Daily Mail
- Youku Tudou Sues Over Xiaomi’s Miui Box VOD Infringement from China Tech News
- 15,000 foreclosed properties in Wenzhou pummeling guarantee companies from Want China Times (not sure if such a collapse will happen here in Shanghai since everyone wants their kids to grow up here)