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Economics

[VIDEO] Why is Hong Kong Housing So Expensive?

Uptin Saiidi reports: Hong Kong was recently ranked the most expensive housing market in the world for the seventh consecutive year, according to the annual Demographia International Housing Affordability Survey. The survey, which divides median [...]

Japan Startups Seeing Cash but Few Innovators

Yuri Kageyama reports: Japan Inc., where companies with roots going back decades, if not centuries, have long dominated, is finally warming up to startups. Major banks and venture capitalists are keen to tap into faster growth by investing in [...]

Here’s How Tesla Tripled its Earnings in China

Tesla’s Chinese revenues last year were $1.065 billion, compared to $318.5 million in 2015, and $477 million in 2014. Tsvetana Paraskova writes: Earlier this month, Tesla Inc reported that its revenues in China topped $1 billion in 2016, more [...]

Beijing Revs Up State Inc.

Investment by Chinese state-owned companies is resurgent, surpassing private investment growth as Beijing tries to fuel its slowing economy. But by backing investment by state firms, China’s government risks a financial reckoning that [...]

China’s Infrastructure Binge Continues

From Bloomberg Business: China spent more than $10.8 trillion on infrastructure from 2006 to 2015, according to Bloomberg calculations. Outlays for roads, airports, ports, railways, and the like rose 17.4 percent last year, far outpacing the [...]

Sinopec Building Shale Research Base

BEIJING (Reuters) — China’s Sinopec Corp. has started building a base for research into shale gas near its largest commercial discovery of the fuel, an industry website reported on Wednesday. The company, looking to cement its position as [...]

Chinese Investors Seek Old Houses in Kyoto

BEIJING —  Kazuhiko Makita reports: Japan placed second after Thailand in a list of overseas vacation destinations for people from China during the Lunar New Year holiday period this year from Jan. 27 to Feb. 2, according to the China Tourism [...]

Return to the moon?

This blog is explicitly not about politics, but one of the things it is about is spaceflight — because spaceflight is cool, and this website is about cool stuff.  For better or worse, the biggest factor in real space development in 2017 is [...]

For Chinese Home Buyers, Seattle Is the New Vancouver

>  Canadian city’s tax-policy appears to be driving overseas investors south. Laura Kusisto and Kim Mackrael report: When Anna Riley, a Seattle-area real-estate agent, held an open house for a new $2.3 million listing in the tony city of [...]

How Technology Is Destroying Jobs

David Rotman writes:  Given his calm and reasoned academic demeanor, it is easy to miss just how provocative Erik Brynjolfsson’s contention really is. ­Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and [...]

Gartner’s dark vision for tech, jobs

In a world where smart machines do most of the work, expect high unemployment, unrest and tumult ORLANDO — Patrick Thibodeau writes: Science fiction writers have long told of great upheaval as machines replace people. Now, so is research [...]

Are Robots Killing The Middle Class?

More wishful thinking on joblessness David Harsanyi writes: A few years back, President Barack Obama claimed that America was experiencing “structural issues with our economy.” It wasn’t simply that inflexible Republicans were standing in [...]