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Anyone who has been to China would have noticed how much more expensive foreign goods cost there. From Starbucks to Nike, Haagen Dazs to Prada, foreign brands are often sold at a hefty premium in the Mainland.
This infographic explains why this is so and sheds some light on why there are often throngs of Chinese shoppers queuing up outside a luxury store in Hong Kong or anywhere else around the world.
class="MsoNormal">The Japanese economy continues to defy gravity despite a Mount Fuji of debt that has no parallel in Western countries, and the worst problem of demographics among all the world’s rich nations. Japan’s net debt-to-GDP ratio is about 135%, even higher than the Southern European nations when they plunged into crisis. Meanwhile, the World Bank’s figures show one of the world’s lowest fertility rates of 1.39 births per woman, leading to rapid population decline. Read more
Joseph E. Stiglitz,
Stephen S. Roach,
Jeffrey D. Sachs,
Mohamed A. El-Erian,
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