Chinese often claim a special relationship, sometimes verging on kinship, with Jews. The origins and reasons remain unclear but it may be at least in part due to two Jewish families—the Sassoons and their rivals, the Kadoories—both of whom played lasting roles in the development of two of China’s most modern cities: Shanghai and its rival, Hong Kong.
Business
Although today Samsung stands astride the global consumer electronics markets, as well as some others, it was not all that long ago that the idea that a Korean company could deploy a brand with global reach and dominance would have seemed unlikely, except perhaps among regional experts (or partisans).
“Every adult human being is an investment expert. Life is an investment exercise and you are your own best investment adviser.”
The name Taikoo—or Taigu in Mandarin—means “great and ancient” and was adopted by John Swire & Sons in China in the 19th century when the UK company was relatively new and still minor. Historian Robert Bickers’s latest book tells the story of how this Liverpool trading house that initially dealt in cotton, apples and turpentine from America became an international conglomerate centered in Asia.
Globalization usually means manufacturing. But globalization reaches into other realms, even waste disposal as Adam Minter wrote in his debut book, Junkyard Planet. In his new book, Secondhand, he investigates what happens to material goods we donate after we’re done using them and travels throughout North America, Asia, and Africa to explore how different countries reuse discarded items.
In August 1954, the United States revised its revenue code to allow the accelerated depreciation of fixed asset investments. The move was designed to encourage American manufacturers to invest in new plant and equipment. Its actual effect was to fuel an explosion in shopping center construction.
Western complaints about Chinese-manufactured copies are nothing new. In 1801, a certain Captain John E Swords approached Gilbert Stuart to purchase a copy of the painter’s famous portrait of George Washington. Stuart, who had burned before, extracted a promise from Swords as a condition of the sale that he would have no further copies executed.
Beyond Debt describes efforts to create a transnational economy free of debt. Based on research in Malaysia, Daromir Rudnyckyj illustrates how the state, led by the central bank, seeks to make Kuala Lumpur “the New York of the Muslim world”—the central node of global financial activity conducted in accordance with Islam.
China has risen from developing nation status to second place in the global GDP rankings in just a decade. The resulting improved living standards and greater spending by Chinese consumers has proven a tremendous opportunity for both local Chinese and global brands. These developments were also a shock to China’s system as its own citizens sometimes struggled to keep up with the pace. Just who are Chinese consumers? What are their lives like and what are they looking for? These are the questions China’s Evolving Consumers attempts to answer. It does so, and with some success, by lifting the lid on other aspects of their lives.
The predominant narrative on Sino-African relations is relatively simple. After more than three decades of sustained economic expansion, China is an economic juggernaut, with trade and investment overflowing its borders and into the global market. One the one hand, China, with its overcapacity, seeks new markets and new places from which to secure natural resources to keep the economic machine going. On the other, Western disengagement from Africa since the end of the Cold War has been filled in part by China, and China-Africa relations need to be understood as the logical outcome of the marginalization of Africa in the age of globalization in which Africa is hungry for development, investment, and capital.
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