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Global Lens on China

外媒看中国


The Rise of China's Global Consumers

The Rise of China's Global Consumers

中国全球消费力的崛起

CHINESE companies are making international news like never before. By May 2016, Chinese outbound mergers and acquisitions tallied $111 billion, already surpassing the full year total of $108 billion for 2015.


Yet unprecedented media coverage of Chinese companies’ rapid overseas expansion overlooks the more human face of an increasingly globalized Middle Kingdom – China’s global consumers.


With record numbers of Chinese overseas travelers, students studying abroad, and diaspora communities around the world, Chinese consumers are a major global demographic that no company can ignore.

Full Story

June 28, 2016, Tuesday


China’s ‘Land Kings’ Return as Housing Prices Rise

China’s ‘Land Kings’ Return as Housing Prices Rise

中国"地王"再现,房价看涨

THE “land kings” are back.


That had been a nickname for Chinese developers paying sky-high prices for land parcels during China’s property boom earlier this decade, which left so-called ghost cities of unsold housing across China.


Now, with housing prices in China’s larger cities again rising rapidly, frothy bids for land parcels are back.

Full Story

The Wall Street Journal | June 19, 2016, Sunday


WWE ready to rumble in China

WWE ready to rumble in China

摔跤娱乐秀WWE进军中国

WORLD Wrestling Entertainment is ramping up its presence in China, making its most popular shows streamable in Mandarin and introducing its first Chinese star in the latest US entertainment push to tap the country’s rising middle class. 


“Because of what’s happening in China today, in terms of being more open to western content?.?.?.?we’ve reached an inflection point,” said George Barrios, WWE chief strategy and financial officer. 

Full Story

Financial Times | June 16, 2016, Thursday


Is ‘Warcraft’s Outsized China Box Office A Game-Changer For Hollywood?

Is ‘Warcraft’s Outsized China Box Office A Game-Changer For Hollywood?

《魔兽》中国取得超级票房对好莱坞意味着什么? 

A perfect storm of strategic partners working with a piece of culturally resonant IP and a key release date helped Legendary Pictures and Universal Pictures’ Warcraft to an Orc-sized $156M opening this weekend in China. At the same time, the expensive film yielded an unimpressive $24.1M opening domestically. While this isn’t the first time that a Hollywood movie bows bigger in the Middle Kingdom, it is an exponentially larger example than those that have come before it. Is it a real game-changer — a sign that reliable China revenue will help studios cover downside risk for pricey global-minded tentpoles that currently lead to painful red ink and write downs when they flop?

Full Story

Deadline | June 15, 2016, Wednesday


China calls on men to donate sperm

China calls on men to donate sperm

中国动员男性捐献精子

CHINA has asked men between the age of 20 and 45 to show their patriotism in a rather untraditional way. "For the sake of your country, please donate sperm," the government said.


China hopes more young men will become donors to help fill sperm banks as they face shortages. Officials are also concerned that shortages will worsen since the government has allowed more Chinese couples to have a second child. China ended its decades-long one-child policy this year.


They are also using up to $1,000 in cash incentives as well as promises of a new iPhone, the New York Times reports.

Full Story

USA Today | June 14, 2016, Tuesday


Mickey Who? China’s Richest Man Opens Theme Park With Warning for Disney

Mickey Who? China’s Richest Man Opens Theme Park With Warning for Disney

中国首富所建主题乐园开园,竞争迪斯尼

THE gates of China’s newest theme park were flung open Saturday — the first salvo in billionaire property magnet Wang Jianlin’s campaign to unseat Disney as the undisputed king of the world’s entertainment industry.


The Wanda Cultural Tourism City, built to a tune of $3.3 billion by Wang’s Dalian Wanda Group, is the first of the firm’s 15 planned theme park and entertainment projects in China — plus five more internationally — slated to open by 2020.


Spanning almost 500 acres in Nanchang, a city of 5 million in China’s southeastern Jiangxi province, the project features a theme park — boasting China’s highest, longest and fastest roller coaster — a 14-screen movie park, aquarium, five hotels and a bevy of retail outlets, according to Wanda.

Full Story

Time | June 30, 2016, Thursday


China’s Wanda prepares for battle with ‘old brand’

China’s Wanda prepares for battle with ‘old brand’

中国万达向“老品牌”开战

MICKEY Mouse has a new and deep-pocketed challenger: China’s shopping mall king.


The developer that bought Hollywood studio Legendary Entertainment is preparing to fight Disney to lead China’s – and possibly the world’s— theme park industry.



Wanda Group and its billionaire founder, Wang Jianlin, are inaugurating a sprawling entertainment complex Saturday in China’s southeast three weeks before the June 16 opening of Disney’s first mainland Chinese park in Shanghai.


Wanda’s 20 billion yuan ($3 billion) site in the city of Nanchang has an outdoor theme park and teacup-shaped buildings that house a shopping mall, cinemas, restaurants, a film park and the world’s largest ocean park. It has 10 hotels.

Full Story

The Seattle Times | May 24, 2016, Tuesday


China's Huawei Looks to Build Global Smartphone Brand

China's Huawei Looks to Build Global Smartphone Brand

中国华为着力打造全球性智能手机品牌

CHINESE tech giant Huawei wants Americans to start thinking of it as a stylish smartphone brand.


Huawei Technologies Ltd., which pulled out of the U.S. market for network switching gear four years ago due to security fears, became the No. 3 global smartphone seller last year and passed Apple in China. This year, it launched a new flagship smartphone, the P9, and is positioning it to compete with Apple and Samsung.

Full Story

ABC News | May 17, 2016, Tuesday


China’s Virtual Reality Market Will Be Worth $8.5 Billion and Everyone Wants a Piece

China’s Virtual Reality Market Will Be Worth $8.5 Billion and Everyone Wants a Piece

中国VR市场价值将达85亿美金

HIP-HOP dancers, military marchers and daredevils in winged suits are bringing China’s Internet titans into the world of virtual reality.


These video stars have joined South Korean pop idols and animated fireflies as central players in a $1.1 billion global VR spending spree that’s being fueled by Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Baidu Inc.

Full Story

Bloomberg | May 16, 2016, Monday


Live-Streaming Apps Flourish in China

Live-Streaming Apps Flourish in China

真人直播应用软件火爆中国

A young woman with bleached, short hair eats a plate of fried rice, swings her hips and sings along with music. A young man in a red, flowery shirt, painted red lips and a pair of pearl earrings screams through a megaphone—about basically nothing. A girl complains about how a man pretended to be her friend, then stole 100,000 yuan ($15,000) and a Vertu luxury phone from her. She shows photos of the bank transaction and the phone.


Welcome to China’s flourishing, new reality-show industry, where regular people use smartphones to live stream whatever suits their whims. User-generated video streams like the ones above helped drive Ingkee, a one-year-old live-streaming mobile app, to the No. 1 spot on Apple’s China app store multiple times in the past few months.

Full Story

The Wall Street Journal | May 11, 2016, Wednesday




As China continues to grab increasing media attention worldwide, our partner runs a regular column to reveal what overseas media are saying about China and how they view the country's fast economic, social and cultural development.

中国崛起聚焦了世界的目光。上至高层动态,下至社会民生,中国的一举一动无不成为外媒烹调的材料。我们的合作伙伴观察者网为您带来中文深度阅读。

Check it out at http://www.guancha.cn/WaiMeiKanZhongGuo/


 

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