Starbucks, office rents and CEOs form alternative outlook on China
Updated: 2016-02-02 14:31
Beijing Central Business District is a seven-square-kilometer area in Chaoyang district where many top enterprises and well-known media outlets are located. China World Trade Center and China Central Television building have shaped the skyline of the capital. [Photo/IC]
Despite all the doom-and-gloom stories from "bears" in the Chinese market, a tour around Beijing's CBD, with the China World Trade Center at its heart, presents a very different perspective.
From the number of Starbucks stores to office rentals, a set of little-known "indexes" point to foreign business confidence in China's economy.
While China may have taken a few numerical steps backward recently, overcapacity is slashed and outdated practices are laid to rest in preparation for some giant strides forward.