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 …

Mark Schlarbaum Basketball

China’s uphill search for the next Stephon Marbury

As the first and only licensed foreign sports agent in China, Matt Beyer has a busy job. The Beijing-based Wisconsin native oversees a portfolio of foreign clients — many of whom play professional basketball in the country — managing their contracts and assisting with other aspects of their lives on foreign soil. Beyer witnessed ex-New York Knicks star Stephon Marbury’s …

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 …

Mark Schlarbaum Chicago Stock Market

China to buy Chicago Stock Exchange

China clears key hurdle to buy Chicago Stock Exchange China just moved a step closer to acquiring one of America’s oldest stock exchanges, despite security concerns raised by some in Congress. This week a U.S. panel that examines foreign deals for potential national security concerns cleared the purchase of the 134-year-old Chicago Stock Exchange by a China-led group of investors. …

China Factory Prices Jump 3.3%, Lifting Global Inflation Outlook

China’s factory-gate inflation rose to the highest since late 2011, helping to sustain prices around the world. Consumer prices picked up on rising food costs. Key Points The producer-price index jumped 3.3 percent in November from a year earlier, exceeding all 47 estimates in a Bloomberg survey and the 1.2 percent gain in October The consumer-price index rose 2.3 percent, …

Michael Jordan Wins Trademark Dispute In China

Slam Dunk: Michael Jordan Wins Trademark Dispute In China China’s top court has handed basketball legend Michael Jordan a victory in a long-running trademark dispute over the use of his name by a Chinese company. “Nothing is more important than protecting your own name, and today’s decision shows the importance of that principle,” Jordan said in a statement after the …