The ubiquitous red envelope may seem innocent enough, but accommodating a billion or so hongbao exchanges puts great pressure on the Chinese banking system. After experiencing several cash crunches in 2013, the People’s Bank of China very publicly injected 255 billion RMB (42 billion USD) into the system leading up to the holiday. You care, because the inflation this caused means your holiday (cash) bonus was just a touch undervalued. Read more »
It started with an early-morning flight out of Shanghai. I was headed back to Beijing after a few days of work, and while the departure time of 7:30 am was excruciatingly early, I was comforted by the fact that I had scored an economy-priced first-class seat.
Everything went smoothly at the start – more than smoothly, in fact, since I luxuriated in a huge seat while wearing slippers, sipped freshly brewed Americano from fine china, and snacked from a bowl of warm nuts, all before take-off. I settled in, ready to fully enjoy the two-hour journey.
After we had reached altitude and the flight attendants brought me my breakfast, complete with a white tray-table cloth and freshly squeezed OJ, the captain got on the mic to make an announcement. Read more »
Hope everyone had a fun and -- more importantly -- safe Chinese New Year on Thursday night. By safe we mean: you didn't break a window, did you? You didn't burn anything down? Because there was both a broken window and a HUGE-ASS FIRE at 4corners, the Gulou bar with the healthy reputation for holding uproarious and unpredictable parties. Read more »
Beijingers, if you're looking for something to do over Spring Festival that doesn't involve elbowing fathers and sons inside crowded parks, check out the Crossroads, a non-profit / NGO community center in Gulou, which is screening two independent documentaries every day from now until February 6. Read more »
Those adorable creatures from the Despicable Me franchise would like to wish you a Happy Chinese New Year. Either that or they really like saying the word horse. Read more »
Louis CK was in Beijing in June 2012 to film the (wonderful) finale of (the wonderful) third season of his show Louie, and apparently he got enough material to tell stories for years. He was recently on David Letterman, where -- for whatever reason -- he was prompted to relive his experience. Read more »
