CKGSB Knowledge - China Business and Economy Summer 2018

CKGSB Knowledge is an English language business publication focused on China. It features original articles on business and economy in China, the evolution of “Made in China”, policy issues, the rise of Chinese companies, the emergence of Chinese multinationals, and foreign multinationals’ strategy and operations in China. It also features interviews with influential thought leaders and CEOs, both Chinese and global, on trending topics. CKGSB Knowledge provides a unique vantage point from which to discover the latest general and China-specific business trends. It also provides a matrix to understand how emerging markets are transforming the global business landscape.

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United States
Cheung Kong Graduate School of Business
44,10 kr.(Inkl. moms)
4 Udgivelser

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3 min
anticipating changes

They say that if you’re in a car driving down a bumpy road, the best way to avoid motion sickness is to focus on what is ahead. If you see the shocks coming, they are much less discomforting. The same logic can be applied to China. The Chinese economy is so large these days that changes here can have an impact around the world. But if you see the changes coming, it is much easier to deal with the consequences. In this issue of CKGSB Knowledge, we do our best to help you prepare for bumps coming down the road. Each of our stories focuses on an important trend in the Chinese economy that is being driven by domestic forces, but which has international implications. Arguably the most important issue that will…

11 min
tea for ten

Trade between China and Southeast Asia is expected to skyrocket to $1 trillion by 2020. But there is continued uncertainty among the Southeast Asian nations over how to engage with its enormous neighbor to the north Anyone who has spent time in China over the past few years would recognize the scene instantly: dozens of delivery drivers clad in the colors of rival firms, jostling for space as they speed down congested city streets. What is different is that this is not taking place in Beijing or Shanghai, but in Indonesia’s capital city, Jakarta. The swarms of scooters bearing the logos of tech companies Lazada, Grab and JD.com are the most visible—and the loudest—sign of China’s increasing presence in Southeast Asia’s major cities. All three companies are owned or funded by Chinese…

9 min
brexit and beijing

China played a surprisingly prominent role in debates surrounding the United Kingdom’s 2016 referendum on membership of the European Union. For leading “Leavers” like Boris Johnson, now UK Foreign Secretary, Brexit was a chance for Britain to free itself from a stifling Brussels bureaucracy and build stronger trade relations with coming powers, like China and India. But those expecting a blossoming in China-UK relations after Brexit might be disappointed, says Leslie Young, Professor of Economics at CKGSB. Professor Young is well-placed to understand the Sino-British economic relationship. His experience with the UK goes back to 1971, when he received a doctorate in mathematics from Oxford University at the age of 20. He is now a recognized authority in international economics with his book Black Hole Tariffs and Endogenous Redistribution Theory highly…

11 min
funding china’s green future

It’s not often that financial reforms are compared to wonders of the ancient world, but December 19, 2017, was no normal occasion. On that day, China launched its first national carbon trading scheme, covering a massive 3 billion tons of carbon emissions. China has rapidly established itself as one of the biggest players in the global green finance movement. But how green are China’s green bonds in reality? Overnight, Beijing became the operator of by far the world’s largest carbon exchange, surpassing even the European Union’s Emissions Trading Scheme. When asked to put the initiative into context, Nathaniel Keohane, Vice President of the Environmental Defense Fund, a New York-based charity that assisted the Chinese government on the project, reached back into history. “This is an incredibly ambitious exercise,” Keohane told the South China…

11 min
china’s health revolution

Chinese medical centers tend to be crowded, chaotic places, but the radiology department of the Shanghai Ninth People’s Hospital is an oasis of quiet. The only sound in the dimly-lit office is the rapid clicking of computer mice. China’s hospitals are becoming overstretched as population aging and urbanization send demand for health care soaring. But a new wave of world-leading Chinese health technology companies believe they can lift the burden on the country’s frazzled doctors At one of the terminals lining the room, Dr. Wang Meili* is analyzing CT scans of a patient’s lungs. It is easy to see why the young radiologist has little time for chitchat. There are 150 sets of scans waiting for her to examine—around 30,000 images. “Each doctor in our team reads at least 20,000 images per day,”…

9 min
voice of the people

For a company whose software speaks to more than half a billion people, iFlytek tends to keep its voice remarkably low. The firm was founded by a group of researchers in 1999 and is headquartered in the relatively sleepy eastern city of Hefei, far from China’s tech hubs, Beijing and Shenzhen. But despite keeping a low profile, iFlytek has been quietly revolutionizing the world of speech recognition in China over the past two decades. The company’s software can not only understand several Chinese dialects fluently—a feat Apple’s Siri, for instance, still struggles with—it can transcribe it into text, and even translate it into English instantly. Now, the company that MIT Technology Review ranked as the sixth smartest company in the world in 2017—just one place below Google—is integrating artificial intelligence technology into…