Will the World's Second-Largest Pharmaceutical Market Keep its Growth?

Will the World's Second-Largest Pharmaceutical Market Keep its Growth?

Despite the intensified trade dispute with U.S. this year, China's pharmaceutical market still keeps its door open to the world. In this May, the government has removed the tariff on 28 categories of imported drugs. Chinese Premier Li Keqiang has also advocated for healthcare, medical insurance, and pharmaceutical reforms by expanding the coverage of basic medical insurance and accelerating approvals process to boost sales. 

Will the Population Aging Impact China's Economic Growth?

Will the Population Aging Impact China's Economic Growth?

China has been benefited from demographic dividend for many years. However, the population of new-born babies decreased by 630,000 in 2017, even after the two-child policy being implemented for a year. Meanwhile, the proportion of the aging population keeps growing. It is estimated that more than a quarter of the population will be over 60-year-old in 2030. The shrinking workforce may drive China into a "middle-income trap" that the country gets old before becoming rich, which may drag down the growth of China's economy. 

Will the Trade War Derail "Made in China 2025" Plan?

Will the Trade War Derail "Made in China 2025" Plan?

Since Trump's new tariffs policy on steel and aluminum imports targeted specifically at China, an intensified fight between China and United States has inevitably kicked off. The ever increasing trade deficit from China over the past decades is regarded as a signal of the weakness and economic loss in U.S. And the "Made in China 2025" blueprint, which is aiming to transform China from a labor-intensive economy into advanced manufacturing economy, will certainly accelerate this trade imbalance and will also be considered as a big threat to U.S. 

China’ Property Market: Megacities’ Cooling Vs. Satellite Cities’ Booming

China’ Property Market: Megacities’ Cooling Vs. Satellite Cities’ Booming

China's overheated housing market in the first-tier cities are recently struggling with a slow-down growth due to the quickly developing rental market and unfavorable government policies such as higher mortgage rates, down-payment requirements, and limits on buying extra houses for investment. Therefore, the hot housing market has now spread from first-tier cities-- Beijing, Shanghai, Shenzhen and Guangzhou to their surrounding city clusters- Beijing-centered Jing-Jin-Ji region (shorthand for Beijing-Tianjin-Hebei), Shanghai centered Yangtze River Delta and Guangzhou-Shenzhen centered Pearl River Delta. These three regional economic hubs now account almost 44% of the housing sales in China.

Why Does Chinese Liquor Market Stage a Comeback?

Why Does Chinese Liquor Market Stage a Comeback?

Chinese white liquor, which is also known as Baijiu has become a must-have product to celebrate Chinese New Year. Price of high-end brands has even hiked ahead of this holiday season. Kweichow Maotai, the most famous Baijiu brand in China has an 18 percent price rise on average, with its flagship product Flying Fairy's recommended retail price increasing from 1,299 RMB ($206) to 1,499 RMB ($237). In stores, these prices have even reached 2,000 RMB ($316).

BYD and Tesla’s Mass Transit Dreams: Up to the Sky or Down to the Underground?

 BYD and Tesla’s Mass Transit Dreams: Up to the Sky or Down to the Underground?

China’s and US’s New Energy Vehicles leaders BYD and Tesla have both aspired to disrupt the mass transit industry.Tesla’s CEO Ellon Musk envisions a series of underground roadways that ferry vehicles from and to destinations using electric tracks, whereas BYD’s CEO Chuanfu Wang turns his eyes onto the sky. His innovation is to construct an elevated monorail system called Skyrail in cities of China and all over the world.