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Imagine a land run by. . . poets
It sounds hard to believe, but civil service applicants in China had to write actual literature to win top jobs, becoming "jinshi" - a class of writer-administrators who advised the emperor. (Business people were ranked low on the ladder.) For centuries, it worked well - but at other times, the bureaucratic need for order and…
Chinese finance firms could get ESG edge
IS IT IMPORTANT TO YOU that your investments don’t worsen problems of pollution, the mistreatment of workers, and corruption? If so, you are probably aware of two hot topics in finance: Environmental, Social and Governance investing (ESG), and Sustainable Finance. Both initiatives are bringing business opportunities for investment banks and commercial banks to drive profit…
Return to the Kingdom of Bicycles
Planners designed ten thousand kilometers of bike track in China, as cycling makes a huge comeback THE BICYCLES ARE BACK. Cycling, for decades the dominant mode of transport in China, is becoming popular again, and the potential is immense. Shanghai, 1980s As recently as the 1990s, China was known as the Kingdom of Bicycles, with roads…