China Billionaires

China gets a new billionaire every 5 days

Asia has reportedly produced a new billionaire every week. Well, it turns out to be much faster than that. A new report by UBS and PricewaterhouseCoopers found that one billionaire pops up in Asia every three days, outpacing all other regions in the world. China accounted for 71% of Asia’s new billionaires in 2015, up from 35% in 2009, according to the report, which has analyzed data …

Mark Schlarbaum, Ford, China

China is pickup country? Ford says yes!

The Ford F-Series, which has been the best selling vehicle in the U.S. for 33 straight years, is looking to conquer a new market — China. Ford has begun shipping the F-150 Raptor to dealers in China, who will soon offer the pickup to buyers in the communist country. “F-150 Raptor’s appeal and unmatched off-road performance has earned the truck …

China Bitcoin - Mark Schlarbaum

China’s Big Bitcoin Traders Are All-In

What Central Bank? China’s Big Bitcoin Traders Are All-In On Bitcoin Despite recent reports that suggest China’s central bank is casting a critical eye on domestic bitcoin exchanges, local traders remain largely unfazed. In conversations with CoinDesk, members of the country’s bitcoin trading community, as well as cryptocurrency exchange operators who were not involved in the talks, expressed their belief …

Mark Schlarbaum on China Toilets

China Rates the Best Toilets for Tourists

China Rates the Best Toilets for Tourists (and Tells the Laggards to Clean Up) HONG KONG — Smog and corruption are among the problems that the Chinese government has vowed to combat. Now another problem, which lies right under many tourists’ noses, is in the authorities’ cross hairs: unsightly toilets. The China National Tourism Administration, a government agency, announced a …

Basketball-Mark-Schlarbaum-China

NBA to open NBA Academies in three cities in China

Training centers in Urumqi, Jinan and Hangzhou will be staffed with NBA-trained coaches Fran Blinebury NBA.com BEIJING — NBA commissioner Adam Silver announced the launch of NBA Academies, an international elite development initiative that will consist of a network of elite training centers around the world to develop top international male and female prospects. The first three academies will open …

Manufacturing in China - Mark Schlarbaum

China official manufacturing PMI shows factory activity continued apace in September

Activity in China’s manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained. The official Purchasing Managers’ Index (PMI) stood at 50.4 in September, identical with the previous month’s level. A reading above 50.0 shows growth on a monthly basis. September’s 50.4 reading matched the prediction of a …