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money & currency

China’s So-Called “Middle Class”

China’s So-Called “Middle Class”

What is China’s definition of middle class? Here are profiles of 3 “middle-class” personas in China. What is their lifestyle? What do they worry about?

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Sea Turtles: Chinese Returnee, 1 Year After Returning To Shanghai

Sea Turtles: Chinese Returnee, 1 Year After Returning To Shanghai

1 year after returning to China from abroad, a Chinese returnee summarizes the differences between China and the United States in life, work, food, and leisure.

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Quail Breeder Lays Golden Egg… Will Forbes Curse Trash His Nest?

Quail Breeder Lays Golden Egg… Will Forbes Curse Trash His Nest?

Will quail breeder Liu Yongxing, hailed as a China working class rags-to-riches fairytale, be the next victim of the Forbes China’s richest list curse?

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Husband & Wife Sue His Former Mistress For Money He Gave Her

Husband & Wife Sue His Former Mistress For Money He Gave Her

A man gives his mistress 330,000 RMB over the course of their 3 year affair. When it ends, he and his wife sue to get the money back. Spoiler alert, the couple wins.

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RMB 1.5 Million To Marry My Overweight Daughter

RMB 1.5 Million To Marry My Overweight Daughter

23 year old, 75 kg Miss Shi has not found a husband, but her parents oppose her losing weight, believing their daughter’s size to be a sign of their prosperity.

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Can Expats Live In China On 100 RMB/week? 100 RMB/day?

Can Expats Live In China On 100 RMB/week? 100 RMB/day?

A breakdown of day-to-day living expenses suggests it’s very difficult for most urban Chinese & near-impossible for expats to live on 100 RMB/week. But per day?

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5 Signs the Chinese are Preparing Escape Route from US Dollar

5 Signs the Chinese are Preparing Escape Route from US Dollar

China is increasingly showing signs of planning an escape from the US Dollar…from backing the IMF, to buying gold, commodities, and foreign assets.

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“600″- My Film on Expat Foreigners Living in China

“600″- My Film on Expat Foreigners Living in China

My film “600″ which I shot in Shanghai in 2007 has recently been accepted into some major U.S. and international film festivals after a short successful... 

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Converting chunks of USD into RMB…one day at a time.

Converting chunks of USD into RMB…one day at a time.

There is an utterly amazing perk many American expats or travellers in China can enjoy so long as they’re customers of Bank of America (whom are legion, despite... 

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Links: on RMB appreciation and RMB-USD exchange rate

Links: on RMB appreciation and RMB-USD exchange rate

Aside from my newfound love for Twitter (follow me: @elliottng) has been my growing concern about dollar decline relative to RMB. My company has a software development... 

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CNY ETNs: Hedging RMB Appreciation and Dollar Decline

CNY ETNs: Hedging RMB Appreciation and Dollar Decline

UPDATE 4/11:  Also see my most recent post on RMB Appreciation on 4/11 when the RMB crossed the 7:1 exchange rate level.  Also related as a 3/30 post with more... 

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