What the Exec's Want to Know About China

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Man-in-China Shawn at liquid oz summarizes a McKinsey Quarterly Country Report on China,

What the Exec's Want to Know About ChinaEnergy and food sustainability - while China has a particularly heavy influence on the global market their lack of internal resources may prove to be helpful in balancing the scale because of their need to import.

Also noted - Amazon.com last week purchased China's "largest online retailer of books, music and videos" for US$72 million Amazon was reported to have made a takeover bid for Joyo rival DangDang.com. Executives at DangDang earlier this month rejected an offer of up to $1 billion after six months of negotiations.

I can't help but wonder how the crippling online payment challenges that continue to face China will play out over the next 3-5 years. Seeing as how China is still quite 'paper money' centric and the fact that the use of online credit cards and eChecks is a paltry sum, it begs the question - How will the online retail market be fueled?

Continued liquid oz.