Chinese Save ‘Defensively’ for Milestones
Tea Leaf Nation’s Liz Carter and ChinaFile present a humorous infographic by Sohu Finance...
financial planning
Chinese Swoop on Wealth Products – Jamil Anderlini
From The Financial Times: Sales of individual wealth management products in China shot up in the last quarter of 2007 as banks expanded their product offerings, the banking regulator said Wednesday. By the end of September there were 60 banking institutions in China offering individual wealth management services such as mutual funds, insurance products and […]
Finance and Family Values, or How I Stop Worrying And Love My Kid – Jonathan Rechtman
From The Art of Live via Danwei.org: Dr. Phil, you’re fired….we’re calling an accountant. According to a recent interview in Southern Weekly, newly available financial planning tools are changing the way Chinese parents love their children. Chen Zhiwu”a finance professor at Yale”says the availability of retirement plans means parents no longer depend on their children […]
Beijing’s Budget Balancing Act – Andrew Batson
From The Wall Street Journal: China’s premier is trying to get his nation’s $2.6 trillion economy to change course. That requires him to maneuver very deftly. Wen Jiabao, delivering his annual report on the work of the government to the legislature yesterday, promised a significant boost in state spending on social services, as well as […]
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