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Business
Growth industries in 2009: gaming, e-commerce and governmentPosted by Alice Xin Liu, January 1, 2009 4:45 PM
Asia Business Leaders (东方企业家) is a monthly magazine started in 2006 by a group of people who defected from the popular news magazine Modern Weekly (周末画报) and other publications. Jean Chen (陈俊) is a senior editor at the magazine and writes a blog. A native of Shanghai, Chen has worked in that city and in Beijing for TV stations, websites and newspapers including the Economic Observer. At Asia Business Leaders, Chen covers Internet and digital business news. He briefly answered some questions from Danwei about China's economic prospects for 2009. What are your predictions for 2009 for China's economy? The first half of the year will be the most difficult period. But the real situation will be even more severe than what has already been reported. What do you think China's GDP growth of 2009 will be? The predicted 8% rise, which the government wants to attain, will be hard to reach. Which businesses do you think will be most affected by the economic recession, and which will benefit from the recession? The most affected will be foreign trade, logistics, and real estate. The ones that won't be affected are Internet gaming and e-commerce businesses. Chinese government officials will benefit from the economic recession. They won't lose their jobs. The government will also benefit from the 4 trillion yuan they'll put into the stimulating the economy. Will companies like Baidu and QQ (Tencent) be affected? No. Their business is driven by people who shut themselves in with the Internet. What effects will the recession have on Internet media in China? Internet media will integrate with print media. Like now, I preview who I will be interviewing on my blog, and collect questions from the readers. Immediately after the interview, I write up interesting tidbits on the blog. Then when it is printed, I will paste it in and link to it. Recently I have also started to use social networking sites and microblogging — Twitter. |
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Comments on Growth industries in 2009: gaming, e-commerce and government
what especial qualifications, if any, does this dude have to comment on china's economic prospects?
was he trained as an economist?
did he work in finance?
have his past predictions been spot-on?
slowboat:
He is a journalist of some influence in China who writes about Internet business. He is also an editor at a business magazine of some influence in China.
Danwei is a website about the Internet and media in China.
thanks for the context, Jeremy.
i'll take that to mean that he's a popular writer who writes popular statements on popular topics and who does so without especial qualifications, popularity notwithstanding (E.g., "The predicted 8% rise, which the government wants to attain, will be hard to reach").
also, he's handsome.
yes, and seeing as how brilliant the predictions of many of our economists have been in the past few years, there should be some kind of rule requiring them to disclaim having any clue about what they're speaking.
Seeing as Chen has worked as a journalist in China for +10 years, and has experience at the Economic Observer and now Asia Business Leaders the thought was that he would provide answers that are food for thought, rather than any authoritative explanation - if such a thing exists.
Frankly that's not good enough, Alice.
I demand, as is my right as a random person on the Internet, that any future Danwei post includes the full CV and family tree of any person mentioned and downloadable datasets of statistical matter related to any statements or opinions they may offer.
However, since I myself possess no critical thinking or research skills, I also demand that Danwei rate all interviewees on a 1-10 scale of believability.
i agree with Jim.
I agree (totally) with Jim's irony.