Following segment is a profile by CNN's Kristie Lu Stout on Baidu CFO, Jennifer Li. Her advice? "Gender is not a factor when it comes to success.. it's your attitude towards work." That's obviously applicable to both men and women. If you think about it, that'd be applicable to race, age, or whatever color and stripe you fancy yourself. China will have her share of Baidu's … [Read more...] about Baidu CFO, Jennifer Li, “Gender is not a factor when it comes to success.. it’s your attitude towards work”
12 year-old Victoria Grant on the Canadian banking system
Someone asked me recently to comment on the difference between Chinese banks and American banks. While both seeks to maximize profits, the former is much more under the control of the government and thus more aligned with national economic policy. Ann Lee recently told Allen and I that in the U.S., as in the recent bail-out of WSJ, the situation was a socializing of the risks … [Read more...] about 12 year-old Victoria Grant on the Canadian banking system
“Because of Love” by a father and his 3 years old daughter
June 1 is the official children's day in China. To the fathers who are musicians, athletes, artists, or simple laymen who have found ways to impart something they love to their children, it's pure bliss. Following performance is by a singer with his 3 years old daughter, titled, "Because of Love" ("因为爱情"). It has become a big hit in China. Happy Children's Day! … [Read more...] about “Because of Love” by a father and his 3 years old daughter
James Fallows’ “China Airborn” completely misses the point on “China intranet”
Apparently, James Fallows' latest book, "China Airborn" has argued the reason the Internet in China is 'slow' is due to censorship. Due to censorship, Fallows argued, China would never be innovative enough and hence won't be able to produce her own companies like Apple. In this article, he capitulates to his readers who contend that the Internet within China is actually fast. … [Read more...] about James Fallows’ “China Airborn” completely misses the point on “China intranet”
RMB-Yen currency swap starts June 2012
At the 4th BRICS summit, the member countries agreed to work towards currency swaps when trading among themselves. For China, this is a general trend in recent years to internationalizing the renmingbi (RMB) or yuan. At the end of 2011, 9% of China's total trade were settled in yuan with 14 countries and regions. That's quite a jump considering in 2010, the percentage was … [Read more...] about RMB-Yen currency swap starts June 2012