The Year of the Dog begins this week which means, among other things, this is the season when western companies fall over themselves by slapping zodiac animals on their products in hopes of appealing to Chinese consumers. Gucci dog purse, anyone? At the same time, digital payments in China continue to accelerate. Last year, the Chinese New Year tradition of ‘hong bao’ – where cash-filled red envelopes are given as gifts – saw 46 billion electronic transfers.
China’s transformation continues to play out in astounding ways both internally and globally. The country’s growing relevance on the world stage should not be underestimated. Globalization has never been so confusing as it is today thanks to the Middle Kingdom.
The mere mention of China triggers consumer brand executives to salivate over the growing army of shoppers and their wallets. Conversely. the same word causes western technology executives to back away with their tail between their legs.
Continue reading The Year of the Dog for Globalization – by Kyle Hegarty
Long before The New York Times had its first woman Executive Editor, Ruth Holmberg was the Editor of The Chattanooga Times. Holmberg is a member of the family that founded both newspapers and she has shared her compelling life story as friends and admirers gathered to hear her speak. Holmberg is a former director of The Associated Press and of The New York Times Company, a former president of the Chattanooga Area Chamber of Commerce and of the Southern Newspaper Publisher Association and a member of the Board of Directors of the Public Education Network (PEN).
The petite, soft-voiced woman is also a member of one of the nation’s most prominent publishing families.