The reason behind the largest Chinese takeover of a US company to date? Dumplings.
Chinese meat processing firm Shuanghui is aiming to buy Smithfield Foods, the world’s largest pork producer. The deal is being driven by Chinese consumers’ soaring demand for wonton dumplings, char sui noodles and other delicious pork-based dishes.
Here is why the deal adds up for Shuanghui in nine charts:
1. China is now by far the world’s largest market for pork:
Despite its global economic role and international population demographics, London has always batted below its weight in terms of size. The 9 million people inhabiting its official geographical area are dwarfed by the urban areas of the world’s biggest cities, such as Tokyo and Shanghai.
But that might be about to change.
London has evolved into a global city-state of over 25m people that is more comparable to Hong Kong or Singapore than the rest of the UK or Europe, according to new property market research. Read more
KPCB’s 2013 internet trends report from Mary Meeker is, as ever, a densely packed read (117 pages) that’s become essential reference material.
Whilst many of the trends identified are well known – the rise of mobile access to the internet and wearable technology – here are the five standout charts and tables that provide food for thought.
1. Sixty percent of the top 25 technology companies (ranked by market capitalisation) in the US were founded by first- and second-generation Americans
||2nd – Syria
||1st – Russia
||2nd – Germany
||2nd – Russia
||2nd – Cuba
||1st – Hungary
||1st – France
||2nd – Italy
||1st – UK
||1st – Switzerland
||Automatic Data Processing
||2nd – Poland
||1st – Taiwan
||1st – Nairobi
||2nd – Poland
||1st – Germany
(Source: KPCB pg87, the Partnership for a New American Economy)
2. In the last five years, the amount of digital information created and shared has grown nine fold to nearly two zettabytes*– and is predicted to accelerate
*1 zettabyte= 1 trillion gigabytes. Source: IDC report “Extracting value from chaos“ Read more
Government officials are distorting official data to such an extent that in some cases the information is “no longer true and fair”, according to a damning report by a group of parliamentarians.
Officials “sometimes go too far to create a newsworthy headline” while statisticians’ fear of appearing biased means they are reluctant to explain data properly, the House of Commons public administration committee said. Read more
Earnings growth, unemployment numbers, the number of people in work. All vital barometers of the UK’s economic picture and the reason why the monthly ONS labour market statistics report never fails to make headline news.
But alongside these well known statistics, there are a few lesser viewed numbers worth keeping an eye on to gain a more nuanced picture of the labour market.
Actual hours worked
As it says on the tin, this estimates the actual number of hours worked in the economy, seasonally adjusted. In May, this hit a new high – above the pre-recession peak.