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Nov 8

Chasing Luxury Dreams – A Tale from Chengdu | Forbes

Chengdu Shoppers Louis Vuitton
by Helen Wang

It’s one thing that the Chinese government spearheads infrastructure projects such as massive railway development; it’s another thing that it promotes luxury consumption. Yes, that is exactly what the government of Chengdu, a second-tier city in southwest China, has proudly done.

Anyone who has visited Chengdu cannot miss the ostentatious signs of Louis Vuitton and Cartier in its downtown. According to Chengdu Retail Industry Association, Chengdu is home to 80 percent of international luxury brands and ranked third behind Beijing and Shanghai in luxury sales.

Read full article…Chasing Luxury Dreams – A Tale from Chengdu – Forbes.

Nov 7

Arizona adds millionaire households in 2011 | Phoenix Business Journal

Phoenix Sky Harbor Airport at sunset

Arizona adds millionaire households in 2011
Phoenix Business Journal
by Adam Kress, New Media Editor
Date: Friday, October 28, 2011, 10:20am MST

Arizona has more than 117,000 millionaire households.Arizona added about 750 millionaire households in 2011, and held its No. 21 ranking for its number of high-net worth residences.

The new report published by Phoenix Marketing International found that Arizona has 117,843 millionaire households — or about 5 percent of the total households in the state.

The New York-based research company’s Global Wealth Monitor defines a millionaire household as one in which members have $1 million or more in investable, liquid assets, excluding retirement plans and real estate.

Read full article… Arizona adds millionaire households in 2011 – Phoenix Business Journal.

Nov 7

Half of China’s Millionaires Want to Leave

China Airport Departures Sign

Excerpts & Analysis from White Paper by the Bank of China & Hurun Research Institute

Despite the financial turmoil in the US and Europe, almost half of China’s rich are considering moving to the developed world to protect their wealth, educate their children and retire, signaling a lack of confidence in China\’s rapid economic growth.

About 14% of wealthy Chinese – those owning assets worth at least Rmb10 million ($1.57 million) – are applying to emigrate or have already done so, while 46% are considering moving to a rich country. Their favorite destinations are the US and Canada, according to a survey conducted by Bank of China\’s private banking unit and Hurun Research Institute.

The two firms interviewed high-net-worth individuals (HNWI) in 18 cities between May and September this year and received 980 valid questionnaires. The average age of the respondents was 42, with an average net worth of more than Rmb60 million.
Read more

Nov 6

The Best Way to Invest in China Now

By ROBERT POWELL

The world is all in a dither about there being 7-plus billion people now living on this Earth. But the only people who seem to matter at the moment, really, are the 1.3 billion living, working and consuming in China right now.

Yes, China holds the purse strings. It’s seemingly controlling the world\’s agenda. And everyone is talking about the Chinese.

For instance, the Brookings Institution this week hosted a conference in which experts talked about China\’s master plan to rebalance its economy, primarily by emphasizing domestic consumption over China’s current model of export-led growth.

Plus, China is grabbing headlines as leaders of the G-20 nations meet in France this week to discuss global economic recovery and the ongoing debt crisis. What sort of concessions will China get in return for investing in the European Union?

Read full article The Best Way to Invest in China Now – SmartMoney.com.

Nov 3

5 Places to Get Work Done When You’re Traveling

Beijing Airport Terminal 3

This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business.

If you’re lucky, maybe you’re the kind of person for whom work is an international adventure, taking you to far-off places you’ve been dying to explore. Or, perhaps you have a more typical office setup, but you’d like to get away from the grind of wherever you call home. Either way — or even if you’re just going on vacation with the family — there are resources out there to make working while on the road as convenient, pleasant and enriching as possible.

via 5 Places to Get Work Done When You’re Traveling.

Nov 2

Texas BBQ Ribs in Beijing, China

Decadent. I thought I had died and gone to heaven while eating melt-in-your-mouth, gigantic BBQ beef ribs…in Beijing! If I am dreaming, please do not wake me…http://timsbarbq.com/

Oct 31

Michael in Beijing this week

Michael is working with clients and principals in Beijing this week. He flies to Beijing Monday evening, participates in two meetings then dinner back to back to back Tuesday, and returns home Wednesday.

Oct 30

Susie & Michael’s Wanderings — Wuzhou, Guangxi, China

Mike & Susie drove to Wuzhou, Guangxi, China for the weekend Gemstone & Jade Trade Show where we connected with CNUSA correspondent Crystal, her father, aunt and other friends. Crystal’s aunt is one of Susie’s best friends and is married to a medical doctor. We enjoyed very good Cantonese food, some CNUSA staff coaching and observing beautiful gemstones and jade. Susie is shopping for a custom jade bracelet for my mother, and for import business she is planning in the U.S.

Oct 27

Bing Bing in China for Five Weeks

CNUSA correspondent Bing Bing leaves the U.S. October 28 to work with clients in Beijing, Hong Kong & Kunming, China for five weeks.

Bing Bing is based in Atlanta, Georgia USA and serves Chinese clients throughout China and America. She speaks Mandarin, Cantonese and English.

Here is her profile.
Here is information about the EB-5 Program.

Oct 26

Jenny returns to Scottsdale after Month in Shanghai, China

CNUSA correspondent Jenny returned to Phoenix on October 26 after spending a month in Shanghai, China on assignment.

Jenny is based in Scottsdale, Arizona USA and serves Chinese clients in Shanghai, China. She speaks Mandarin Chinese and English.

Here is her profile.
Here is information about the EB-5 Program.

Oct 25

While Americans Indulge in Over-consumption, Chinese Move Up by Enduring Hardship | Forbes

While Americans Indulge in Over-consumption, Chinese Move Up by Enduring Hardship – Forbes.

When I read the story of a young American woman selling her ova for $7,000 in order to pay off her credit cards, I kept thinking about young women I met in China. They earned about $100 a month, yet saved 80 percent of their incomes to help pay for their siblings’ education. I felt a huge disconnection. Although many people are worried that the middle class in the West is shrinking, Americans still enjoy immense privilege compared to the vast majority of people in the world. To many Chinese rural migrants, enduring hardship is their way of life.

On a hot summer day, I was roaming randomly down Jianguomen Avenue in Beijing. I found myself drawn to a place called Liang Zi Fitness. As soon as I stepped in the front door, six young ladies dressed in the traditional Qipao (pronounced chi-pao), a tradition one-piece body-hugging Chinese dress for women, gently bowed and greeted me, “Welcome, distinguished guest.

Read full article.

Oct 18

Photo Tour of America’s Wealthiest Zip Code 07620

Alpine is just a 20 minute drive from midtown manhattan making it a convenient haven for commuters. Was this Ferrari also headed to 07620?

Oct 11

China’s Provinces & Provincial Capitals

China Administrative Map
Click here for listings of and information about China’s Provinces and Provincial Capitals.

Oct 9

Map of China & Provinces

China Map of Provinces & Capitals

Do you know the provinces of China & their location? I am living in Guangxi province. Can you locate it? Can you locate Beijing? Shanghai? Hong Kong?

May 23

American Thinker: Tiger Mother, Burning Bright

American Thinker: Tiger Mother, Burning Bright.
By John Barnett

Americans have always been anxious about how their kids are turning out. But at this moment in history — when that traditional source of anxiety has been joined by growing nervousness about the rise of China — any writer who hit upon the idea of connecting the two by arguing, essentially, that Chinese parentage is just better would have been guaranteed to strike a nerve. Just ask Amy Chua, whose recent Wall Street Journal piece, provocatively entitled “Why Chinese Mothers Are Superior” became an overnight internet smash.

Indeed, “strike a nerve” is not really an adequate metaphor to describe the impact of Chua’s piece, which generated about one million page hits, 8,800 comments on the original page (at last count), a staggering 100,000-plus comments on Facebook, and countless responses around the web and in print. Besides the Penguin Press book that the original piece was drawn from, a movie deal is said to be in the works, and Chua’s book tour is drawing crowds. Most recently, Chua started a website and appeared with her husband at the New York Public Library.

Read full article…

May 17

Arizona’s Asian population now fastest-growing in state

Arizona’s Asian population now fastest-growing in state.

Dianna Bui finished paying at the checkout counter and headed for the exit of Lee Lee Oriental Supermarket, a sprawling 50,000-foot grocery store in Peoria.

Her cart was filled with products from Vietnam. A bottle of nuoc mam nhi, fermented fish sauce. A package of taro cake, a type of root vegetable. Some frozen blue mackerel. All foods to remind her of home.

Bui, a native of Vietnam, is among the 85,000 new Asians in Arizona since 2000, according to data from the 2010 census.

The census counted 176,695 Asians in 2010. That is nearly twice as many as the 92,236 counted by the census a decade earlier. No other minority group grew at a faster rate.

Read full article…

Feb 2

Happy Chinese New Year

Feb 1

How to make money in China

FORTUNE — What’s the right way to play China? Perhaps no investor knows the answer to that question better than Richard Gao, who has run the $3 billion San Francisco-based Matthews China Fund (MCHFX) since 1999.

Read full article.

Jan 17

Languages Needed, but No Plans to Learn

Languages Needed, but No Plans to Learn
By Joe Light

Demand for U.S. workers who speak foreign languages—especially Spanish and Chinese—should continue to grow over the next decade, but very few workers plan to study them.

Read full article.

Jan 14

Do You Need a Chinese Bank Account?

January 14, 2011 | by Brett Arends

We’re perfectly happy eating in a Chinese restaurant. But will we start banking in a Chinese bank?

It’s not as crazy as it sounds. As The Wall Street Journal’s Lingling Wei reported Wednesday , the Bank of China here in the U.S. has started allowing American customers to open an account and to invest up to $4,000 per day — and a total of $20,000 a year — in Chinese yuan, or renminbi. Until now, you had few options to hold money in yuan, which is a “closed” currency managed, and protected, by Beijing.

The bank has three U.S. branches — two in New York, and one in Los Angeles. You’ll have to fill out paperwork to open an account and provide two forms of ID. And there’s a minimum deposit of $500.

Is this a good idea? You may wonder why anyone would do this. Investing in Chinese currency may sound like something best left to speculators.

But in reality this may be no more exotic than, say, Peking duck. Holding some of your money in Chinese currency — as part of a diversified portfolio, as they say — might be a very sensible move for all of us.

Read full article.

Posted with WordPress for BlackBerry.

Jan 8

Why Chinese Mothers Are Superior

By Amy Chua, Wall Street Journal

Can a regimen of no playdates, no TV, no computer games, and hours of music practice create happy kids? And what happens when they fight back? A Wall Street Journal excerpt from Amy Chua’s “Battle Hymn of the Tiger Mother.”

A lot of people wonder how Chinese parents raise such stereotypically successful kids. They wonder what these parents do to produce so many math whizzes and music prodigies, what it’s like inside the family, and whether they could do it too. Well, I can tell them, because I’ve done it. Here are some things my daughters, Sophia and Louisa, were never allowed to do:

attend a sleepover

have a playdate

be in a school play

complain about not being in a school play

watch TV or play computer games

choose their own extracurricular activities

get any grade less than an A

not be the No. 1 student in every subject except gym and drama

play any instrument other than the piano or violin

not play the piano or violin.

Read full article

Jan 2

Wall Street Warms to China Story

Reuters | Apartments rise in China's Hubei province late last year.

Year-End Review of Markets & Finance:

Visiting China was considered an indulgence for most financial executives just a few years ago.

But when Berkshire Hathaway’s Warren Buffett, J.P. Morgan Chase’s James Dimon, Kohlberg Kravis Roberts’s Henry Kravis and Carlyle Group’s David Rubenstein all visited China in recent months, the trips were seen as something else entirely: crucial steps to keep their respective companies growing.

Read full article

Jan 2

For Some Immigrants, The Ticket To A Visa Is A Check : NPR

For Some Immigrants, The Ticket To A Visa Is A Check
by Rob Schmitz
March 5, 2010 from KQED

You’ve got half a million dollars. You crave the American dream. May I interest you in a green card?

This may sound like a back-alley deal, but this is the arrangement thousands of wealthy foreigners have made with the U.S. government. The EB-5 visa offers a path to citizenship in exchange for investing in an American business. The numbers of these types of visas issued in the past two years have tripled, and around half of the visas are being snatched up by wealthy Chinese.

via For Some Immigrants, The Ticket To A Visa Is A Check : NPR.

Jan 2

Recession Fuels Spike In Foreign Investor Visas : NPR

Recession Fuels Spike In Foreign Investor Visas
by Jennifer Ludden
December 31, 2009

News of job creation programs has been widely reported lately, but there\’s one program that many people have never heard about: Under U.S. immigration law, foreigners can invest in an American business and, in exchange, receive a green card.

This has long been a small, obscure program, but as domestic sources of financing have dried up, the number of EB-5 visas issued this way has tripled in the past year.

For investor Brian Thompson and his wife, the motivation was to leave England for a place with better weather. A few years ago they put $500,000 into the redevelopment of a Seattle warehouse that is being turned into a hotel. Once it opens, Thompson hopes to make his money back and then some. But the immigrant investor program requires a certain degree of risk, and if the business venture falls through, so do the green cards.

via Recession Fuels Spike In Foreign Investor Visas : NPR.

Dec 28

The American dream of the Chinese rich

For many of China’s wealthy, investing $500,000 in a US government program is the best way to obtain a green card – for them or their children. Duan Yan reports from Beijing.

Yvonne Liu, 22, wanted to stay in the United States after her university studies, and her mother, a 46-year-old wealthy Chinese businesswoman, figured out a way to make that happen.

Read entire article

Dec 24

Two Chinese Characters: How to Pronounce Beijing

The Two Chinese Characters website — click here.

Dec 17

China-USA Education Services LLC

Chinese (Mandarin)

Spanish
Esta Usted interesado en el Sueno Americano, Educacion Americana, Negocios en los Estados Unidos, Residencia Permanente para usted y su familia ? Nosotros tenemos conecciones en Estados Unidos que le facilitaremos. Contacte con nosotros en team@cnusa.co.

Italian
Siete interessati nel Sogno Americano, educazione nel America, cominciare un ‘impresa nel America ed ottenere la Carta Verde per voi e vostra famiglia? Noi conosciamo le persone giuste che possono aiutare. Contatteci al team@cnusa.co.

Croatian
Jeste li zainteresirani za americki san, americku edukaciju, americki posao i zelenu kartu za Vas i Vasu familiju? Mi Vam mozemo pomoci. Imamo veze i rado cemo vam pomoci. Kontaktirate nas na team@cnusa.co.

Vietnamese

English
Are you interested in American Dream, American Education, American Business and U.S. Green Cards for you and your Family? We have U.S. connections. Will facilitate. Contact team@cnusa.co.