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CKGSB Knowledge - China Business and Economy

CKGSB Knowledge - China Business and Economy

Winter 2019

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.

País:
United States
Idioma:
English
Editor:
Cheung Kong Graduate School of Business
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3 min.
building relationships

As the 2nd China International Import Expo drew to a close toward the end of 2019, President Xi Jinping reiterated his aspirations of strengthening China’s relationships with its global trade partners. “Distances between countries are getting shorter, and interactions among countries are growing, hence the possibility of differences and frictions,” Xi said. “The right solution lies in consultation and cooperation.” In this issue of CKGSB Knowledge, we take a closer look at China’s relationships, particularly with its neighbors in Asia. “Delivering Convenience” (page 35) explores the growing e-commerce market in Southeast Asia and how China’s tech titans Alibaba and Tencent have set their sights on the region. “Blueprint to Success” (page 47) discusses how China has consolidated its largest shipbuilding companies to better compete with the likes of Japan and South…

10 min.
green china

For years, China topped the world’s worst environmental rankings, but it is now leading the way towards a greener and more sustainable future In the winter of 2013, most of northern and eastern China was blanketed in a deadly smog, with Beijing’s Air Quality Index (AQI) reaching as high as 993 in mid-January of that year. New York around the same time had an AQI of 19. Slow moving air streams carrying toxic industrial discharge blackened landscapes and choked residents in the biggest cities. It was a pollution event so bad that it was dubbed the “Airpocalypse.” Since then, China’s leaders have been on a cleanup mission, introducing initiatives to improve air, soil and water quality, incentivizing the use of green technology, investing heavily in renewable energy and introducing green financial systems…

10 min.
jobless & picky

Youth unemployment is on the rise globally, but there are factors which make the problem in China unique With the economy slowing, robots and artificial intelligence (AI) expanding their roles and competition growing for good positions, the reality of life after graduation is stressing out Chinese students even more than their exams. In 2019, a record number of graduates entered the labor market—8.34 million—according to the state-run People’s Daily, up from 8.2 million in 2018 and significantly higher than the 6.1 million in 2009. Added to that is the slowing growth in the economy, now down to around 6% a year, and a much more cautious approach by companies to taking on new staff. “I feel quite worried about finding a job after I graduate,” Suyang Jin, a broadcasting student at Nanjing University,…

11 min.
the future of machine learning

AI and the “deep learning” revolution have brought us autonomous vehicles, greatly improved online translation, fluent conversations with bots such as Siri and Alexa, and enormous profits from automated trading on global stock exchanges. Deep learning networks can even play poker better than the world’s best professional players. Terrence J. Sejnowski is a professor at the Salk Institute for Biological Studies in San Diego, California, where he directs the Computational Neurobiology Laboratory, and director of the Crick-Jacobs Center for theoretical and computational biology. His research in neural networks and computational neuroscience played an important role in the founding of deep learning. Sejnowski is the author of The Deep Learning Revolution, and with Barbara Oakley, he also created and taught Learning How to Learn: Powerful mental tools to help you master tough subjects,…

9 min.
biopharma boom

China’s biopharmaceutical market is bigger and more innovative than ever before. Will Chinese biopharma soon be able to rival the likes of American and European industry leaders? Seaweed pairs well with sushi, but using marine algae to treat Alzheimer’s disease? It turns out the ubiquitous marine organism and the degenerative brain condition seem to actually be an even better match than the well-known culinary one. Green Valley Pharmaceuticals, a small firm based in Shanghai, drew global attention last November by announcing that its seaweed-based drug for treating Alzheimer’s had won conditional approval from China’s drug regulator, making it the first Alzheimer’s drug to have received such approval globally since 2003. The commercial production and launch of the drug were set in motion at the end of 2019. Later the same month, Beijing-based…

10 min.
bringing the magic

Seeing 11 million visitors within its first year of opening in mid-2016, the world’s newest Disney resort has had a warm reception in mainland China and is determined to continue bringing the “magic” into the lives of Chinese people. With an eighth themed land in the works and 2020 being the Year of the Mouse, according to the Chinese zodiac, Disney has no plans to slow down. A 38-year veteran of The Walt Disney Company, Joe Schott has held various roles of progressive responsibility and worked in a number of Disney resort destinations across the globe. He began his career in Florida as a front-line Cast Member (Disney’s term for employees) in operations at Walt Disney World. Although he spent most of his time based in Orlando, he has also worked…