Bitcoin was the hot topic this past week, hitting an all-time high at around 7,000 RMB two days ago which is more than $1,100. It has since dropped by more than half.
- Chinese can now buy real estate with Bitcoin from Finextra
- Bitcoin Scandal Reflects Popularity of Virtual Currency in China from The New York Times
- Chinese Balk at Child-Rearing Costs from The Wall Street Journal (this is what i’ve heard from many of my chinese friends as well, so expensive to raise kids)
- Perfect World To Acquire Chinese Game Portal For CNY255 Million from China Tech News (they love computer games here as much as anywhere else)
- Developers Lure Rich Chinese With Sports Facilities from The Wall Street Journal
- China’s new home prices rise at record pace from CNBC (too busy trying to pay back mortgages to spend any energy on unrest)
- China’s great duck rivalry: Beijing vs. Nanjing from CNN (Peking duck is overrated, just oily skin. i prefer cantonese roasted duck/goose)
- TSMC Appoints New Co-CEO from China Tech News (very unusual arrangement… too many cooks in the kitchen?)
- China reform winners consumer, healthcare stocks; losers, big banks from Reuters (too soon to tell, though biggest winners are still SOEs)
- Alibaba helps make China’s largest fund from Xinhua
- You Think There’s Bubble in Chinese Real Estate Market? Nothing Compared With Animation Industry in China from HuXiu (so many misallocated resources)
- Bloomberg boots ‘China leak’ scribe from New York Post (will the spiked stories ever get aired?)
- China and bitcoin are going steady, but does Beijing approve? from Quartz (big price movements the last 3 days)
- Why China Needs More Babies from The Wall Street Journal
- China’s engineers are innovating like crazy—to the benefit of foreign companies from Quartz (misleading, they also benefit themselves)
- Beijing Reform Plans Boost Baby-Related Stocks from The Wall Street Journal (too early to tell one way or the other, probably will just be a small bump)
- These Mega-Sculptures Are the Biggest in the World from io9 (what were the economic costs and who funded it?)
- China starts to turn to drugs as awareness of depression spreads from The Telegraph