CONTENTS 30 Published monthly since 1990
Publisher China Economic Review Publishing Editor
Pete Sweeney
Contributing Editors Fergus Naughton, Ana Swanson, Christo- pher Beddor, Richard Wells Research Manager Ada Liu
Researchers Eden Pang, Sarah Chen, Prima Li, Zoe Wang, Ronnie Xiao Contributors Chen Baizhu, Rob Abbanat, Frank Yu, Paul French, Andrew Galbraith Art Director Frank Zheng Art Editor Siva Hu
Editorial Consultant Tim Burroughs Editor at Large Graham Earnshaw Associate Publisher Gareth Powell
Director of Accounts Neil Donaldson
CHINA ECONOMIC REVIEW (ISSN: 1350-6390) is published by China Economic Review Publishing
Enquiries
cer@ChinaEconomicReview.com
Subscriptions
subscriptions@ChinaEconomicReview.com
Addresses
The Plaza Building, 102 Lee High Road London, SE13 5PT, England
Room 2103, 21/F, Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong
CHINA ECONOMIC REVIEW welcomes letters. Please write to the Editor at:
letters@ChinaEconomicReview.com
THE HOUSE VIEW 4 OPINION
Te SEC investigation of reverse mergers should not be
overdone; Beijing’s ban on luxury ads is no ban on luxury 6 BEST OF THE WEBSITE
Lashou’s $1.1b valuation is unwarranted; Dylan did not protest in China, but he’s still sticking it to Te Man
MONTH IN REVIEW 6 PUNDITRY 7 BRIEFING
Te earthquake’s toll on Chinese business has just begun 8 SECTOR NEWS
8 CHINA BY NUMBERS 9 CHINA BUZZ 10 FAT DRAGON
An emerging land market could bring wealth and
opportunity to farmers 11 PAUL FRENCH’S DIARY
Li Ning flounders with yoga; IKEA courts Chinese superbrats; Unilever serves up suspect soup statistics 12 QUESTION OF THE MONTH
Advertising inquiries
ads@ChinaEconomicReview.com Hong Kong: +852 3755 6729 Shanghai: +8621 5187 9633 ext 811
How long can the government keep higher production
costs from trickling down to the consumer? 14 LOCAL VOICES
Chinese business leaders and managers gripe about rising costs of labor and raw materials 16 COMPANIES: RETAIL
Media Markt’s model may succeed where Best Buy failed,
thanks to a smart partnership with Foxconn 18 PORTFOLIO
HKABC membership approved and certified
China Mass Media’s margins have dwindled; SkyPeople Fruit Juice presents the potential for fruitful returns
CULTURE 50 BOOK REVIEW
Décadence Mandchoue: Empress Cixi’s British lover tells all, or makes it all up ... too much information either way
TRAVELS TO THE WEST IS TRAVELING!
Graham Earnshaw’s epic foot trek across China will resume next month in Enterprise China magazine. For a free subscription, contact
EnterpriseChina@sinomedia.net.
China Economic Review • May 2011 3 AFTER THE CLOSE
43 COMPANY INDEX 45 EXPOS & CONFERENCES 46 LISTINGS 48 ECONOMIC INDICATORS
SPECIAL REPORT: UNCONVENTIONAL GAS
Shale gas will satisfy some of China’s growing energy appetite, but the technology is not easy to crack
COVER BY ANDREW MOK: Find the Toronto-based illustrator at
www.andrewmok.ca 20 QUESTION & ANSWER: ROMANO PRODI
Italy’s former prime minister on Wenzhou’s invasion of Italy and why he’s done with politics for good
TALKING POINTS 22 CHEN BAIZHU
Wages will rise, but companies should not rush to relocate 26 ROB ABBANAT
Te joys of enterpreneurship 28 FRANK YU Sina’s Twitter clone could re-define information-sharing
SPOTLIGHT: INDONESIA 39 SPLITTING STITCHES
Free trade has opened the floodgates for Chinese textiles 44 Q&A: PIKRI ILHAM K. OF GARUDA INDONESIA
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68