Facebook’s easy sail to 2 billion users monthly may be coming to an end soon
In a way, getting to 2 billion users was easy for Facebook. The social network’s growth has been on a steady and unstoppable climb for the past decade. Facebook’s strength has always been its ubiquity — everyone uses it because everyone uses it. But now that Facebook is used by roughly two-thirds of the world’s […]
President Trump, US banking regulations and China’s internet giants
US banking regulations seem set for profound change as lawmakers consider whether to pass the Financial Choice Act into law. Advocates argue that the 2010 Dodd-Frank Law currently in place was created in the heat of the post-crisis moment and left bankers in the US facing a confusing and costly thicket of regulation. Among other […]
Nigeria’s economy only 0.65% of global share, but still Africa’s largest
Nigeria, Africa’s most populous country, accounts for just 0.65 percent of global economy says the World Bank in latest figures on the world’s economy just released. But the country’s economy remains Africa’s largest despite its small size in global play. At $519 billion, the country’s economy, which has seen contractions in growth over the last […]
Tanzania gov’t, Chinese firm sign $154m contract to expand country’s main port
Tanzania’s government signed a $154 million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam, Reuters reports. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country into a regional transport and trade hub. According […]
Dongfeng Motor reshuffles top-level management
Chinese carmaker Dongfeng Motor Corp. has reshuffled its senior management, affecting top-level executives at its Chinese subsidiaries and joint ventures with foreign firms, an insider told Yicai Global. Liu Weidong, chairman of Dongfeng Peugeot Citroen Automobile Co. and Dongfeng Hongtai Holdings Group, will move to oversee development of Dongfeng passenger cars and technology, the source […]
China’s trade growth rebounds in May
China’s trade growth rebounded in May in a positive sign for global demand and the cooling Chinese economy. In this April 17, 2017, photo, workers assemble a truck chassis at an automotive plant in Fuyang in central China’s Anhui province. China’s trade growth rebounded in May in a positive sign for global demand and the […]
Businesses cash in as millions of Chinese students sweat over crucial exam
For millions of teenagers, it’s a big source of stress. For many businesses, it’s a great chance to make money. More than 9 million high-school students across China are taking the biggest exam of their lives this week. Known as the gaokao, the grueling two-day test determines where the students go to university and what […]
Chinese firms help government monitor citizens with big data
A Chinese city is using big data provided by a phone company to track the movement of its migrant worker population, expanding the many ways China is using big data to not just enhance performance but also track the daily lives of its citizens. “When you buy a mobile phone SIM card, you need to […]
Chinese investments in EU – indispensable yet worrisome
China has been a major investor in Europe over the past decade, pumping money to buy a number of strategic and high-tech assets. But Chinese investments have caused both exultation and trepidation. The European Union has been one of the most-favored investment destinations for China over the past decade, with Chinese firms channeling billions of […]
The meteoric rise of Chinese consumerism will reshape the world, and maybe even destroy it
When China was still largely rural, poor, and socialist, politicians exhorted the country’s people to patriotic activities such as increasing grain output for their economy’s sake. Now, to sustain China’s economic boom, the country needs good citizens to go shopping. And the people have obliged. Between 2000 and 2010, consumption in China multiplied from about […]