Category: Money

“You get to a point where you feel a bit sickened by it.”

Said by a friend visiting Beijing, after having spent around 10 000 RMB shopping cheap clothes, shoes, bags and more.

By the way, the average monthly income in Beijing is around 1 800 RMB (and growing with every high-spending tourist).

What you get for 50 RMB (5 euros):

1. An excellent dinner for two at our local Szechuan restaurant here in Beijing, or
2. 350 ml of Evian mineral water at the Pudong Shangri-La in Shanghai.

• BBC Goes 2.0 (via Micro Persuasion). Question to ask: What does this mean for the competition in the British online market, when a publicly funded company expands from it’s original mission as a public service broadcaster into new media?
• Google Maps add streets and directions for Europe (Google Maps Mania, via Download Squad). Look out, Eniro.
• Survival of the Richest (Technology Review). An interesting read about why some people are better adapted for making money in the financial market. “It’s rational to cut your losses and ride your gains”, Andrew W. Lo says. But a lot of people won’t, and that’s because of survival instincts.