China’s extraordinarily high national savings rate, in short, is a function primarily of the extraordinarily low household share of GDP.

Are we seeing the birth of “Leveraged Buyouts With Chinese Characteristics”? Or just some of the craziest, riskiest and unlikeliest buyout deals in worldwide history?

With slim hope of exiting through a lucrative public listing, Chinese entrepreneurs and their investors are considering sales.

Look, whether you want to talk about copyright infringement, a tax problem, or the latest porn crackdown, this is all fairly normal stuff for a company like Apple.

My expectation for long-term growth is that it shouldn’t average much above 3-4% annually.

The simple duplication of a American model or a overbureaucratic structure, which cannot translate the strength into the market identity, would alienate the market and seal the fate of a valid business from its start

As the experience of Japan has shown, managing a shift from a high-investment, high-growth economy to a lower-investment, lower-growth economy is very tricky.