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CKGSB Knowledge - China Business and Economy

CKGSB Knowledge - China Business and Economy Fall 2017

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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País:
United States
Idioma:
English
Editor:
Cheung Kong Graduate School of Business
Periodicitat:
Quarterly
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4 Números

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3 min.
entering a new age

After four decades of economic growth, China has become a powerful country—its capacity as world manufacturer and appetite for raw materials and, increasingly, high-end consumer goods are now major drivers of the global economy. But while China is already taking a more active role in shaping the wider world, is it ready to be the “leader” of the global order? We address this question in this issue’s Comment (page 6). Leading the world requires more than economic strength, and even in that arena China is weaker than the headline numbers would sometimes suggest. It can, however, contribute greatly to reshaping global values, most particularly through the promotion of Confucian ethics as a counterbalance to the weak points of liberal capitalism. Our lead story, “Piece by Piece,” (page 30) delves into one of…

7 min.
is china ready to lead?

Confucianism has great potential to offer a new dimension to the world’s common values system China’s growing economic power—combined with the perception that the US is retreating from global matters under the Trump administration—has many people calling for more active Chinese leadership in the world, albeit for different reasons. Many developing nations see China as a champion and as an investor. Western countries wish to see China shoulder a greater share of the burden of global leadership, and a growing number of Chinese citizens want China to reclaim its ancient role of international paramountcy. But is China ready to “lead the world?” Has it reached the stage where it can set the international tone, take the central role on global issues and provide preeminent guidance toward the future? With China’s pledge at…

11 min.
a long-term engagement

China has been quietly involved in Africa for decades, but it is only recently that the relationship has taken on dramatic importance, both economically and politically Fortunately, no one was injured when a $12 million bridge being built by a Chinese firm in Western Kenya collapsed before it was opened last June, though the incident was an embarrassment for Kenyan President Uhuru Kenyatta. Then campaigning for re-election on policies that included infrastructure development and Chinese partnerships, he had been to “inspect” the Sigiri bridge as part of his campaign only two weeks before. Shortly afterward, the Chinese-built Nairobi-Mombasa rail project opened 18 months earlier than planned. The 470-kilometer (290 mile) line slashes travel time to four-and-a-half hours—half of the time required by bus—but the $4 billion price tag raised eyebrows. Critics claim…

11 min.
china’s rocketing space industry

China’s space program is still far behind that of the United States, but it has fast caught up with other nations. The implications of China’s presence in space are far-reaching, in terms of economics, technology and the military When the 2,600-pound goddess of the moon finally let her jade rabbit out, it first turned a victory circle on the powdery lunar regolith before trundling away. The goddess was Chang’e 3 (from Chinese mythology), an unmanned lunar lander, and the jade rabbit was Yutu, a lunar rover. The day was December 14, 2013, and as Chang’e 3 touched gingerly down, it marked the first soft landing on the moon in almost four decades—and a milestone in the development of China’s growing space power. In an age when governments and private companies alike are…

10 min.
man and machine

Decades before Siri and Alexa began battling it out for best virtual assistant, computer scientist Alan Turing invented the eponymous Turing Test of machine intelligence. The test goes: if a human operator cannot, after a text conversation, determine if he is talking to a human or a computer, then the computer is “intelligent” insofar as the operator is concerned. Today, the Loebner Prize, an annual competition in artificial intelligence, sets a panel of judges the task of finding via the Turing Test the “Most Human Computer” and also the “Most Human Human,” or the person the judges least often mistake for a computer. In 2009, author Brian Christian entered the competition and later produced the best-selling book The Most Human Human, which investigates the nature of intelligence. His second book, Algorithms…

10 min.
new cars in a new economy

Like its whole economy, China’s auto market grew at breakneck pace in the 2000s, and while it is now slowing down, it still contains enormous potential in terms of both raw sales and innovation as China shifts toward electric Eric Zhang recently turned electric. That is, the 29-year-old marketing professional from Beijing recently bought a BYD E5, an all-electric sedan made by Shenzhen’s BYD Auto. He is one of three people in his immediate circle of friends to buy a new-energy vehicle (NEV) this year. Zhang says they all made the choice based on a practical consideration of license registration and cost. Beijing is one of eight Chinese cities that have restricted the number of conventional vehicles on the roads. In 2011, the city introduced an annual public lottery to decide who…