SupChina
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In less than four decades, China has turned its economy into a $11.2 trillion behemoth whose size is second only to that of the United States. It has moved hundreds of millions of people from the countryside into cities. Its middle class, coveted by corporations hunting for new customers, became the world’s largest in 2016 when it reached 200 million people. China’s actions around the globe – from investments in Africa to island-building in the South China Sea to partnerships with Hollywood studios – are shaping the economic, political and cultural orders of the 21st century.
This place is big.
As the nation of 1.38 billion people has grown in stature, so has attention upon it. Countless news organizations, independent websites, commentators and regular citizens track China’s every move, trying to figure out what makes it tick. It can be overwhelming.
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| Scope | International |
|---|---|
| Language | English |
| Country | China |
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Recent Articles
Search ArticlesBig box appliance retailers Gome and Suning are suffering, but Suning has a plan – SupChina
It seems like a long time ago in 2011 when Suning reported an annual profit of 4.88 billion yuan ($706.86 million), before ecommerce destroyed the offline business model of Gome and Suning. But now, in their desperate struggle to keep their stores open despite ongoing and widespread COVID lockdowns, Suning seems better prepared for the struggle to survive than Gome. This week, Gome hit a new low.
Business briefs from the Chinese media — Thursday September 1 – SupChina
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Mandopop icon Jay Chou generates millions from NFT sales of song demos – SupChina
On Monday, after months of teasing, Chou, who made a splash last month by releasing his first album in six years, unveiled his first collection of musical NFTs for sale. Consumed via a virtual world that involves avatar-creating and interactive features, Chou’s NFTs have generated more than 1 million yuan’s ($145,130) worth of sales over the course of two days, making the pop superstar the latest celebrity to find success selling music in the form of digital vouchers.
Taiwan fired warning shots at three Chinese drones over Kinmen – SupChina
Taipei is promising a tough response to recent Chinese displays of force and to this week’s drone incursions.
Editor’s Note for Wednesday, August 31, 2021 – SupChina
The Chinese government gave a very lukewarm assessment of the Russian leader who ended the Cold War at the daily Foreign Ministry briefing (English, Chinese), a message repeated, without elaboration, by state media Xinhua: The tepid nature of the message is not at all surprising. After all, Vladimir Putin and Xí Jìnpíng 习近平 have a very similar view of recent history.
Business briefs from the Chinese media — Wednesday August 31 – SupChina
Listed companies made over $3 trillion profit in the first half of the year: The China Association of Public Companies reports that the 4,825 listed companies that had disclosed their financial reports for the first half of the year by August 31, collectively achieved revenue of 34.54 trillion yuan ($5.14 trillion), a year-on-year increase of 9.24%, and net profit of 3.25 trillion yuan ($470.18 billion), a year-on-year increase of 3.19%.
Right-to-die in China: A landmark first step, with challenges ahead – SupChina
In China, many patient stories echo Wang’s experience of navigating a medical system that typically values curative treatment and longevity over dignity and quality of life. This is a gap that “right-to-die” legislation, like a new law in Shenzhen that takes effect next year, could begin to fill.
Pinduoduo had a great quarter, and is sending strong signals that it will expand overseas – SupChina
Revenue of 31.44 billion yuan ($4.54 billion), a year-on-year increase of 36%. Net profit of 8.89 billion yuan ($1.28 billion), a year-on-year increase of 268%. Revenue from the company’s core ecommerce advertising business of 25.2 billion yuan ($3.64 billion), a year-on-year increase of 39%. After the results were announced, Pinduoduo’s stock on Nasdaq jumped by 20%.
Who killed Shen Dingyi? – SupChina
No one was ever charged in the killing, despite Shen being one of China’s rising political stars, well connected and well known. “Who did it? And why?” is historian Keith Schoppa’s frame for his award-winning book about Shen, Blood Road.
Editor’s Note for Tuesday, August 30, 2022 – SupChina
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