Archives for June2015

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Weekly US-China News-Issue: June 30th, 2015

 

Market

China markets slump despite central bank rate cut – The Guardian

China regulators juggle IPOs with growth and a market plunge – Reuters 

China to become world’s biggest overseas investor by 2020 – Financial Times

Uber’s Biggest Rival In China Claims It Handles 3 Million Rides Per Day – TechCrunch

Internet/Technology/E-Commerce

Alibaba’s E-commerce Globalization Banks on Chinese Demand For Foreign Brands – Jing Daily

Western Firms Caught Off Guard as Chinese Shoppers Flock to Web – The Wall Street Journal

Alibaba’s Digital Bank Comes Online To Serve ‘The Little Guys’ In China – TechCrunch

Qualcomm in Venture With Chinese Chip Maker – The New York Times

Banking

China launches development bank for Asia, calls it first step in ‘epic journey’ – The Washington Post

China’s banks dominate rankings for profits, strength -Reuters 

Real Estate

Will China’s Manhattan Succeed, or Crash and Burn? – Bloomberg

Auction.com Targets Chinese Investors – Nation Real Estate Investor

New Program Could Further Boost Chinese Real Estate Investment in U.S – The Wall Street Journal 

Education

Scrutiny for Campuses in China – InsideHigherEd.com

Agriculture/Food and Wine

China’s grape rush – Financial Times

Ten Reasons Why China Needs the US – The Poultry Site

China to Implement Stricter Regulation on Imported Food, Improvements to Law Made – Yibada.com

China Business Insight

Can You Understand the Chinese Consumer in Just One Hour?  – McKinsey 

China’s Growing Pains – McKinsey 

In China, The Devil Now Wears Zara – Forbes

Mobile Is Key to Reaching China’s Wifi-‘Addicted’ Tourists En Route – Jing Daily

[Video] Cross-border Commerce: Winning Strategies for China – Thoughtful China

 

Margaret Wong Won the 2015 Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship “ACE” Entrepreneur Award

On May 14th 2015, Asian/Pacific Islander American Chamber of Commerce & Entrepreneurship presented Margaret Wong the 2015 “ACE” Entrepreneur Award during the 2015 ACE National Conference in Washington.  This prestigious award is presented to outstanding business leaders like Ms. Margaret Wong who has built an exemplary business and are a role model for the Asian Americans and Pacific Islander business community.

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Margaret Wong, President and CEO of California Center, McWong Environmental and Energy Group and McWong International, Inc., has been doing business with US and China for almost three decades.  Margaret has been known as the “Business Empress” based on her success in linking multi-million dollar businesses between California and China, and at the same time serving as “unofficial ambassador” to China in her quest to promote better business cultural understanding between US and China. Thanks to her dedicated hard work and contribution to linking businesses between U.S. and China, Margaret Wong has won numerous other awards, including the 2012 U.S. Presidential “E” Award for Excellence in Exporting and the 2011 U.S. Small Business Administration (SBA) “Exporter of the Year”.

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