Huaxi Village in Jiangyin County in Jiangsu Province is regarded as China’s richest village. Along its Tree-lined boulevards are identical red-roofed villas with manicured lawns and two car garages. As of 2009, each family had a house and at least one car, provided by the community, and assets of $150,000. Huaxi is home to 30,000 people and remains essentially a commune, with land owned jointly and wealth divided among everyone. Every hour loudspeakers in the village square blast: “If you want to see a miracle, come to Huaxi.” Gambling and drugs and talking to outsiders are strictly forbidden. There are no bars, karaokes, Internet cafes or nightlife. Anyone who engages in speculation has their property confiscated. For social activities there are lots of meetings and entertainment provided by the village theatrical troupe. Workers recieve half their income in regular salaries and half in bonuses. People who move from the village forfeit their property
Monthly Archives: May 2016
China’s Economy Will Be More Competitive Than India’s For Many Years – Fortune
Investors’ worries about China are misplaced. Despite the attention many Fortune 500 CEOs have paid to India since the election of Prime Minister Narendra Modi in 2014, China’s growth will continue to rival its Asian neighbor even as investors worry that its economy is slowing down. U.S. headlines have called China’s economy the “Doomed Dragon,” predicting it is headed for disaster. This sentiment is too negative. China’s fundamental strengths mean that even if growth slows in the short-term, it will likely keep growing at an annual rate of between 6% and 7% in a few years; rates the U.S. would only dream of. Asia’s other rising giant, India, will also grow quickly, but is unlikely to perform quite as well as its popular Prime Minister Modi hopes. India’s decentralized political system means that no matter how well-meaning, the Modi government cannot achieve change nearly as quickly as the Chinese.
Source: China’s Economy Will Be More Competitive Than India’s For Many Years – Fortune
After three weeks in China, it’s clear Beijing is Silicon Valley’s only true competitor
After selling my startup, Shopkick, to SK Planet in 2014, and handing over my CEO role a year later, I packed up my 1- and 3-year-old sons and my wife Angel, and flew to Beijing, Shenzhen and Hong Kong for three weeks, hoping to better understand the Chinese startup world and its entrepreneurs and VCs. I hadn’t been to China in several years, but had almost moved there 12 years ago, so I was very curious what I would find. I met with two dozen startups, from very late-stage — including valuations of $20 billion — to pre-seed stages. I also met with a dozen VCs, two dozen startup entrepreneurs and successful angel investors.
Source: After three weeks in China, it’s clear Beijing is Silicon Valley’s only true competitor
Why you should take a broader view of China’s economy
Wild guesses from one economic indicator to the next are not providing relevant and useful analysis of China’s economy. They are simply leads to equally wild trading bets. The world’s second-largest economy is underpinned by strong fundamentals and is reasonably well run. It deserves a broader look at its short-term (i.e., a one-year time horizon) and medium-term (i.e., a period of up to five years) outlook for growth and price stability. If you want a short-cut, and a good point of departure in that kind of analysis, you may wish to think of China’s widely shared me
Source: Why you should take a broader view of China’s economy
Video Tutorial for the Game of Go – Part I, Overview
Will Humans Be Obsolete After The New Industrial Revolution?
What Is The Fourth Industrial Revolution? – Forbes
You may have heard of the fourth Industrial Revolution, but what exactly is it? It’s definitely a topic that has been talked about over the past few years but gained even more prominence after it became a focal point of conversation at the recent World Economic Forum. The first Industrial Revolution was characterized by steam and water. The second Industrial Revolution was the introduction of electricity to mass produce things. The third is characterized by the internet, communication technologies, and the digitalization of everything. The fourth Industrial Revolution is the concept of blurring the real world with the technological world. Here’s a great visual from the WEF.
Kenya inks new deal to extend China-funded high speed railway – People’s Daily Online
he Kenyan government on Saturday signed a new agreement that will extend the Mombasa-Nairobi standard gauge railway (SGR) line to Naivasha, a town lies about 120 kms northwest of the capital. The deal was signed by China Road and Bridge Corporation (CRBR) and Kenya Railways during a Cabinet Steering Committee on SGR meeting chaired by President Uhuru Kenyatta.
Source: Kenya inks new deal to extend China-funded high speed railway – People’s Daily Online
China and Transportation: What We Can Learn In The United States
CHINA AND HER HISTORY 