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Wall Street Journal (January 1)

2021/ 01/ 02 by jd in Global News

“The crackdown continues in Hong Kong, and this week the Chinese government made an example of the territory’s most prominent political prisoners.” Beijing has now adopted “Soviet or North Korean behavior, and we hope that Joe Biden and his officials will speak plainly against it.”

 

NBC News (April 26)

2014/ 04/ 28 by jd in Global News

“The wheels of commerce along Rodeo Drive are no longer greased by oil money (“black gold, Texas tea”) or by much American money at all.” Sales to international travelers now “fuel” the economy and “Chinese alone account for 60 percent of sales on Rodeo Drive.”

 

Financial Times (April 3)

2014/ 04/ 04 by jd in Global News

Chinese tourists are increasing in Japan, but they are positively flooding Seoul. “The streets of Seoul are full of Chinese tourists drawn by South Korea’s lavish department stores, its glamorous pop stars – and now its driving schools.” South Korea loosened its license requirements just as China tightened theirs, creating a new travel incentive. A license in South Korea is cheaper and only requires 13 hours of school versus 78 in China. As a result, Chinese students now outnumber Koreans at some South Korean driving schools.

 

Wall Street Journal (December 5, 2013)

2013/ 12/ 05 by jd in Global News

Chinese “leaders are attempting to create an innovation ecosystem whereby government ministries funnel money through universities, think-tanks, businesses of all sizes, cities, real-estate developers and venture-capital investors.” Despite massive governmental support, “China still has trouble retaining its best and brightest talents onshore…. A growing number of Chinese scientists who had returned to China from the West are now leaving again.” While there are many reasons, including environmental pollution, the stifling political environment seems to be the largest factor. Innovative people generally don’t want to live where “they can’t network on Facebook or voice freewheeling opinions on any topic, business or political, under the sun.”

 

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