Another cornucopia of links, mostly China-related. I wonder if encryption usage will become more prevalent by companies and individuals? Maybe not though because it can be complex and cumbersome to use… although as David Veksler has mentioned, it is good “best practices” to prevent proprietary information from leaking at your company by utilizing encryption. Perhaps services like Silent Circle will become more popular as time goes by?
- Is Beijing pleased Snowden fled to Hong Kong? by Bill Bishop (probably not in the long run. even if he talks, i doubt Snowden will tell them anything they don’t already know since they try to do the same thing with their agencies/telecom SOEs domestically — GFW is one of the biggest known dragnets pre-PRISM)
- Inside the NSA’s Ultra-Secret China Hacking Group from Foreign Policy
- NSA hacks China, leaker Snowden claims from CNN (doubt he’s working directly with PRC, otherwise he would have flown to Beijing or Shanghai, not HK… although it is curious as to why he didn’t go to iceland in the first place. it’s no secret that the US was doing this from hawaii and other locales, heard that from several former military officers in asia mention this over beers in the past.)
- The end of the expat dream? Foreigners facing increasingly competitive Chinese job market from Shanghaiist (maybe not end, but slow decline with all of the “sea turtles” returning and creating competitive job market)
- Why it’s Still So Hard to Find Safe Baby Formula from The Economic Observer
- Reining in China’s Testosterone from The Economic Observer (both Ray Kurzweil and Michael Anissimov are cited)
- Audit Office Shines Light On Local Government Debt from The Wall Street Journal
- MakerBot’s Replicator 2 joins Amazon’s newly launched 3D printer store from Engadget (i wonder how much both companies will spend on fighting predatory lawsuits/patent trolls)
- Baidu Sues Qihoo 360 In China For Search Engine Sitemap Format Plagiarism from China Tech News (if you can’t beat them, sue them)
- No-one turns up to welcome China’s football team in Hefei from Danwei (in their defense, Hefei is a really crappy city. been there 6-7 times, dislike it each time primarily because of environment. still the team is horribad and i don’t think hiring beckham as an image ambassador will help it)
- 6 a minute in China told they have cancer from Sina (that’s a lot of medical costs)
- How much investment is optimal? by Michael Pettis
- EMC, JD.com Form Big Data Cloud Computing Strategic Cooperation In China from China Tech News
- Body Shop tells Cambridge girl she needs to speak Chinese from BBC (in the UK, company apologized)
- Politics Checks in for China Hotel Industry from The Wall Street Journal
- China’s new superhero! Stan Lee’s Universe from CNN (the college students i taught thought it would be weird to have an asian superhero, i don’t see why?)
- Chinese Telecom Equipment Makers Make African Inroads from China Tech News
- iOS 7 will play nice with both Tencent and Sina Weibo from Shanghaiist
- China’s Gome Gross Margin Declines While Closing 43 Stores In Q1 2013 from China Tech News
- Will Manny Ramirez ‘Hit-and-Run’ From Taiwan? from The Wall Street Journal
- Obama, Xi Make Deal on Greenhouse Gases from The Wall Street Journal
- Beijing tops happiness ranking for 5 yrs from China Daily (wow, seriously?)
- Lenovo Officially Opens U.S. PC Manufacturing Operations from China Tech News
- Welcome back, TechCrunch, TechNode’s Official Partner from TechNode (without the flamboyance and hyperbole?)
A smorgasbord of China-related links. Xi and Obama are meeting out in Sunnylands right now (good VF article covering Sunnylands last year). I wonder if Xi’s wife (Peng Liyuan) will dump her iPhone now that Apple is allegedly part of the NSA PRISM program. Thanks to Sinocism for several of the links.
- Governments Move in on Taxi Apps from The Economic Observer (protectionism for SOEs)
- It’s Official? Alibaba doing more business than Amazon + eBay from Alizila
- U.S. Loses Supercomputer Title to China, For Now from The Wall Street Journal (another white elephant ‘face project’ — no useful apps for it, see China’s Not-so-Super Computer)
- Facebook and Twitter go live in China – but only for Chengdu business forum from South China Morning Post (laowai would pay big bucks for an ‘expat’ package, China Telecom is leaving money on the table…)
- Like the sun, newspaper circulation rises in the east and falls in the west from The Economist (this is actually a technologically myopic strategy by PRC planners, especially when state media outlets open bureaus overseas. the younger demographic obtains all of their information from the internet, very few, if any — buy print media aside from niche magazines. continual funding of these is of course a matter of propaganda but also a financial albatross)
- China’s State Sector Strikes Back from The Wall Street Journal (how to truly privatize/reform these SOEs and satiate special interests?)
- Corruption on College Campuses from The Economic Observer (none of my students want to work in a factory or on a farm, nor do their parents want them to. will go to great lengths to get “degrees.” See What are Chinese colleges like?)
- Survey: Chinese millennials are highly optimistic about the future from Shanghaiist (undoubtedly materially better off than any other generation of Chinese on the mainland, will that growth rate continue for their own offspring?)
- Renren.com Teams With Youku-Tudou To Grab More Online Video Users from China Tech News
- Infographic: Chongqing girls are cheapest to marry, Shanghai women most expensive from Shanghaiist (I have many stories from first hand experience and/or observation)
- Korean Culture: Why do korean girls point two fingers up when they get their picture taken? from Quora (a lot of laowai/expats ask me this too, because it is common across east asia)
- In China, Big Data is Becoming Big Business from BusinessWeek (not sure there are many opportunities for foreign firms to work directly as a data provider or host, probably can do contracts for vendors/supply chain)
Despite the political issues and bilateral hacking, there is an ever growing amount of trade between the US and China. This is great — win/win. See the Bastiat link at the end for why. Thanks to Sinocism for some of the links.
- China’s migrants bring new habit home: online shopping from Reuters
- In China, an Empire Built by Aping Apple from The New York Times (a couple of my good friends have a Xiaomi 2, it is great, especially for its price… ~2000 rmb)
- Goldman Sachs Joins Alibaba Loan Team as IPO Nears from Caijing (what i’d give to have some of that pre-IPO stock)
- SMIC forms joint venture to establish new wafer fab in Beijing from Digitimes (spoke with a couple semiconductor engineers… they predict that SMIC will probably always be behind both TSMC and Intel on the manufacturing curve internationally. they will probably do well competing in the greater china region because of guanxi)
- US to replace EU to be China’s largest trade partner in 2013 from China Daily ($450 billion in bilateral trade between US and China, amazing)
- China’s Rich Are Traveling Less, Spending More from The Wall Street Journal (kind of a small sample size to draw that from… needs to hit the magic 384 number)
- Chinese travelers remain biggest overseas spenders from China Daily (nice chart)
- Let Me Not See Old Age in China from The Wall Street Journal (the elderly save because they have few investment vehicles that actually generate revenue and because of the repressive financial structure. watch Michael Pettis discuss this at the april wine country event)
- Full Details Uncovered on Chinese Top Supercomputer from HPCWire (and how useful will it actually be? see this WSJ piece for counterbalance)
- Beijing To Build 1,200 4G Base Stations By End Of 2013 from China Tech News (i’d be he willing to pay 3x the price to get uncensored net access)
- China’s Online Literature Behemoth from The Economic Observer (one of the advantages the chinese marketplace had was it lacked the horrendous IP litigation that only enriches law firms and rent seekers, it has now adopted the counterproductive IP system of the West)
- A Factory Burns in China by Evan Osnos
- A Big Market – China’s Smartphone OEMs from Digits to Dollars (not sure any laowai can make a break in this segment unless it is somewhere along the supply chain for ARM)
- Why wealthy Chinese buy their insurance in Hong Kong from Financial Times (i know a manager at AIA if anyone wants some quotes)
- Debt on Local Gov’ Financing Platforms Forces Regulator into Balancing Act from Caixin (the question is, will banks be allowed to act like banks or will they have to flip over the debt again?)
- Indicators present muddled picture of China’s factories from CNN|Money
- America’s China mistake from Los Angeles Times (wow this is so bad. chang has been wrong for over a decade, why does anyone republish his stuff? no, there won’t be a war between the US and China anytime soon, if ever. for the very reasons Bastiat noted over 150 years ago.)
Upcoming political meetings between Xi and Obama, relatively slow news other than that. Some of the links are from Sinocism.
A number of stories from a variety of segments. Several are from Sinocism.
Big mix of links today. Certainly wouldn’t want to be a new college grad in China without awesome guanxi.
Clearing the tabs of some article published in the last few weeks. Thanks to Melissa for two of them.
Anecdotatly it is hard to say what direction luxury is heading since it is such a large segment now. Government crackdown on big Party dinners still in effect, not sure if government officials want to be made an example of (including receiving traditional gifts like watches).
Another relatively slow news week. Big skillset mismatch with new college grads, sympathize with (unemployed) former students at the colleges I taught at. Thanks to Xiao for a couple links.
- Disruptions: Helper Robots Are Steered, Tentatively, to Care for the Aging from The New York Times (this is relevant to the aging population in China as well)
- India-China Agreements: No. 1, Buffalo Meat from The Wall Street Journal (beat the US to market access)
- Li Keqiang discusses trade, border disputes with Indian prime minister from Shanghaiist
- iPad obsession hurting child’s development, warns expert from People’s Daily (will this impact apple’s or other tech firm revenue earnings? probably not in short run, if ever)
- Inflation Deflated? Evaluating the ‘Alibaba Index’ from The Wall Street Journal (uses a different methodology, not apples to apples)
- First-tier cities barely livable, report says from China Daily (believable, i have worn a mask daily this past month, air has been quite poor this year in Shanghai which is actually “less worse” than BJ or GZ)
- Amid Austerity, A Lush New Temple to Luxury Wines in Shanghai from The Wall Street Journal
- The world’s tallest building will be in the middle of an empty field in China from Quartz (what will the vacancy rate be like in 2 years? who is financing it?)
- China’s red-hot property market shows no signs of slowing from CNN|Money (while environmental quality might be poor, many people from the countryside dream of working in “the big city” — deleterious effects for arbitrarily calculating what the rate should be for property)
- Art in China: On script and cutting edge? from CNN
- An Estimate of Excess Borrowing by Chinese Corporations from Peterson Institute for International Economics
- Chinese graduates face toughest job market ever from Financial Times (7 million new college grads, only 30% have signed contracts for a job)
Slow news week, pretty bearish too. There are a few bright spots. Thanks to Larry M for sending in a couple of the stories:
Mostly China-related links from the past couple of weeks. Thanks to those who sent them in, see Sinocism for more:
Probably will be awhile before I do another curated set of links specifically for Bitcoin related topics. Thanks to Vijay, Jeremy, Mike, Alex and Ben for the links:
Thanks to the couple of sources who sent these in:
Some odds and ends of BTC today:
Nearly all China-related business news. Check out Sinocism for more (still too busy to re-curate them). Check out the first interview with Shaun, great info.
A few links regarding China. Read Sinocism for more (been too busy to peruse it). Thanks to James for some links.
Thanks to Vijay, Koen, Jeff and others for the links.
Thanks to Vijay, Ben, Jeff and others:
A few links regarding China. Read Sinocism for more (been too busy to peruse it). This past week was the annual Shanghai Auto Show, hence all the cars news. Thanks to Kevin for a couple of the links.
Thanks to Vijay, Jeff, Bryan and Aaron for a few of these links:
Below are a list of mostly business-related links from the past two weeks (mostly about China). Thanks to Peter and Sinocism for a few of them.
- China Releases Grim Cancer Statistics from Businessweek
- Announcing China Development Brief’s New Chinese NGO Directory and Special Report from NGOs in China
- Special Issue on Chinese Science Fiction from Depauw Science Fiction Studies (mentioned in footnote 5 in Ch 2, thanks again Geoffrey)
- Asian Megacities, Free and Unfree from City Journal
- Paid audience members turn in best performances on Chinese TV from Want China Times
- Yum’s China Sales Tumble 13% in March from Bloomberg
- State broadcaster CCTV slams anti-Japanese war dramas from South China Morning Post
- Qiaodan Sports Countersues Michael Jordan from The Wall Street Journal (funny and ridiculous at the same time, see footnote 10)
- For Empty Offices in China, It’s Location, Location, Location from The Wall Street Journal
- Apartments near top Beijing school selling for almost 100,000 yuan per sq metre from Shanghaiist
- Why Leave Job in Beijing? To Breathe from The Wall Street Journal
- Furs fly as Chinese consumers drive boom in U.S. mink farming from Reuters
- Microsoft Innovation Center Heads For Chinese Tropical Destination from China Tech News
- Xiaomi CEO Bin Lin aims to ship 15 million superphones in 2013, expand sales beyond Asia from Engadget
- ‘Chinese Google’ Opens Artificial-Intelligence Lab in Silicon Valley from Wired
- With China’s Travel Sector Possibly Depressed, What Will Qunar.com Do With Investment Money? from China Tech News
- China local authority debt ‘out of control’ from Financial Times
- Policy Revision Is More Lenient on Lending to Financing Platforms from Caixin
- Baby food stockpiling in China shields Danone from deteriorating European demand from Quartz
- Underwriter caught up in stock scandal from China Daily
- Kaifu Lee: Rumors of Weibo’s Death Are Exaggerated from Tech In Asia
- LVMH Falls in Paris as Fashion Sales Gain Slowest Since 2009 from Bloomberg
- Masters 2013: Guan Tianlang goes back to homework after wonder week from The Guardian
- Juhuasuan.com Is Alibaba’s Latest Foray Into Hong Kong And Taiwan from China Tech News
- China’s Theaters May Soon Show Tarantino Film from The New York Times
- CICC’s Nicholson Becomes Chinese National from The Wall Street Journal (not quite, HK SAR passport)
- Zopo C2 embraces Aliyun OS, boasts 5-inch 1080p display, 5MP front camera and a low price from Engadget (dear alibaba, leaching off of the open source community is a real d-bag move)
- 27 Signs You Were Raised By Asian Immigrant Parents from BuzzFeed (very funny because it’s true)
- NCR Signs Chinese Bank Agreement For Tech Services from China Tech News
- Appearances Could Deceive at Shanghai Auto Show from The Wall Street Journal
- Chinese restaurants, industry develop taste for robots from Xinhua (month old but still interesting addition to Chapter 7 info)
- The Dark Side: Skin Colour and K-pop from Seoul Beats (to better understand consumer behavior and preference for porcelain skin)
- China’s booming fake muni bonds from Financial Times
- China Factories Moving In Droves To Cambodia/Vietnam/Myanmar/Malaysia. NOT. from China Law Blog
- World Snooker Championship 2013: Ding Junhui feels pressure from BBC
Many thanks to Keegan, SK and Vijay for some of the links.
- Six Reasons Why Chinese People Will Drive the Next Bull Market in Bitcoin from Quartz (total BS, in China very few of the exchanges are available without a VPN and 99% of the population doesn’t have a VPN).
- How I would manipulate the Bitcoin exchange market – and how a “Discrete Double Auction” could stop me from 24/7 Bitcoin Launchpad (put your tinfoil hat on, i think it is botnet owners who DDOS and then after the exchange crashes put in buy/sell orders first)
- Bitcoin From an Austro-Libertarian Perspective, Part I by Robert Murphy and Silas Barta (I went to college with Silas and am also friends with Robert; look forward to rest of series)
- Exchange rates — Inside the Bitcoin economy from The Economist
- Ask HN: Why would a government have created bitcoin? by Paul Graham (doubtful, i think “Satoshi” whoever he is, or whomever they are, really enjoyed Cryptonomicon and were inspired by the real history of how PGP was released…)
- OKCupid starts accepting Bitcoin using Coinbase! from Coinbase
- Coinsetter to bring leverage and shorting to bitcoin with $500,000 funding round from Coinsetter (clever way to hedge/short, rumored to go live in 1-2 months)
- This Pizza Cost $750,000 from Motherboard (wonder if there will be an echo boom in an alt currency like terracoins. doubt “ripple” can quantify (e.g. social capital) something that the chinese have been doing in their heads for millenia (guanxi))
- Ounce.me (how much does an ounce of pizza cost in different digital currencies)
- Marc Hochstein on bitcoin from Surprisingly Free (the GMU group/Mercatus podcast)
- Python Code to Connect to Mt. Gox API by Raffael Danielli (worked with Raffael at American Chamber last year, great guy, very clever)
Thanks to Vijay and Isaac (@aniceberg) for some of these stories.
Below are a list of mostly business-related links from the past week (all about China). Thanks to James and Sinocism for a few of them.
Got an email last night from an expat in China asking if there were any domestic BTC exchanges.
My response was that the largest one is BTCChina — but if you’re on the mainland you cannot access the site unless you have a VPN.
There are also a few Chinese-language BTC community sites, like Bitecoin and Bitcoin talk forum, but again you also need a VPN to access them.
A few news stories that I bumped into during the day: