On May 1st 2015, China’s Guangdong Province will implement a new labor law that will increase the minimum wage by 19% and in Guangzhou by 22.2 % (China Daily), making Guangdong the province with the highest paid minimum wage. It is a step being taken partly because Guangdong has found it more and more difficult to attract workers to the province each year. This is in part because wages in other p…
Over the last 30 years, China has gone through a period of unprecedented economic growth. Much of this economic development has occurred in cities and subsequently, vast waves of rural-urban migration have ensued. As a result, China’s urban population has doubled over the last decade and for the first time in 2011, the percentage of urban residents outweighed those living in rural areas. Such m…
Last month while being interviewed for the New York Times piece China's City of the Future Rises on a Wasteland, I was asked about the importance of planning China's eco-cities... What should be the goal of an eco-city and why are they important to China? To me, this was perhaps one of the more important and interesting questions I have been asked on the topic, a topic I have been interviewe…
Following up from my post last week where I said "there is going to be a HUGE market for providing that capacity ", I was asked for a few examples of where I saw opportunities for products / services. 1) Urbanization and migrants With over 200+ cities with more than a million people, and a few hundred million expected to make a move to the city, this is one of the largest opportunities for…
