The Global Times (February 26)
“Japan used to dominate the global household electrical appliance market, but now consumers only recognize its toilet seats or rice cookers, which demonstrates the regression of its industry. The growing popularity of Chinese household electrical appliances has gradually squeezed the sphere which used to be taken up by ‘Made in Japan’ goods.” This makes it a shame “that Chinese tourists spent 6 billion yuan ($959.4 million)” in Japan, purchasing such items during the spring holidays” and also “makes a mockery of China’s boycott of Japanese goods.”
Tags: Boycott, China, Consumers, Electrical appliances, Industry, Japan, Regression, Rice cookers, Toilet seats, Tourists
Real Estate Investment Today (April Issue)
“REITs contribute to more resilient real estate markets and a more resilient financial system.” Sub-prime mortgages contributed to the residential property collapse, but REITs helped stabilize the commercial market. A recent study by researchers from the University of Wisconsin and the Bank for International Settlements found that REITs provide markets with much needed transparency and liquidity. It’s “clear that REITs provide real benefits for the broader commercial real estate industry, for investors and for our nation’s economy.”
Tags: BIS, Commercial, Economy, Financial system, Industry, Investors, Liquidity, Markets, Real estate, REITs, Residential property, Resilience, Sub-prime, Transparency, University of Wisconsin
Euromoney (February Issue)
Asia “is seen as the growth engine for private banks, but it is not without its trials.” As regulation increases, costs rise and competition heats up, industry “consolidation among private banks in the region is inevitable.”
Tags: Asia, Banks, Competition, Consolidation, Costs, Growth engine, Industry, Private banks, Regulation
Financial Times (June 17)
“From chemicals and cement to earthmovers and flatscreen televisions, Chinese industry is awash with excess capacity that is driving down profits inside and outside the country and threatens to further destabilise China’s already shaky growth.”
Tags: Cement, Chemicals, China, Excess capacity, Growth, Industry, Profits, Televisions
Forbes (July 16)
Free markets and technology promote competition, revolutionizing one industry after another. “The legal profession is also starting to get hit by the whirlwinds of what Joseph Schumpeter called creative destruction. There’s a proliferation of legal apps that show you how to write wills and take care of other such tasks without the bother and expense of an attorney. There will soon be numerous businesses with low-paid lawyers manning call centers to answer any questions. Entrepreneurs in India will also train individuals to handle routine legal matters in the U.S., via the Web and phone. State bar associations will howl, but strictures preventing individuals from taking bar exams without first completing law school will be undermined by the Web.”
Free markets and technology promote competition, revolutionizing one industry after another. “The legal profession is also starting to get hit by the whirlwinds of what Joseph Schumpeter called creative destruction. There’s a proliferation of legal apps that show you how to write wills and take care of other such tasks without the bother and expense of an attorney. There will soon be numerous businesses with low-paid lawyers manning call centers to answer any questions. Entrepreneurs in India will also train individuals to handle routine legal matters in the U.S., via the Web and phone. State bar associations will howl, but strictures preventing individuals from taking bar exams without first completing law school will be undermined by the Web.”
