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Business & Finance
CKGSB Knowledge - China Business and Economy

CKGSB Knowledge - China Business and Economy December 2013

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.

Country:
United States
Language:
English
Publisher:
Cheung Kong Graduate School of Business
Frequency:
Quarterly
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4 Issues

in this issue

3 min.
the other dimension

In our lifetime we have seen quite a few disruptive technologies that have changed our lives. The applications of some of them have the potential to change the economic order of the world. Think of the power the UK got from the steam engine in the 1800s. It helped Great Britain build an empire that “the sun never sets” on. Right now, with 3D printing, we may well stand at the cusp of yet another technological revolution. 3D printing is already starting to make its presence felt in fields as varied as architecture, automobiles, healthcare, prosthetics and even space technology. Companies are finding ways to use 3D printing to recreate human organs and blood vessels. NASA has ‘3D-printed’ a part of a rocket engine. Will the advent of 3D printing make China,…

3 min.
china briefs

This month saw the breakdown of a deal between heavy hitters Foxconn and Sharp, a new alliance between Bitcoin and Light-speed, the disappearance of hairy crabs from dinner tables and a jolly welcome to Chinese entrepreneurs from the royal family. Things Fall Apart… Japan’s Sharp scrapped its plans to jointly develop and sell smartphones under the Sharp brand in China with Taiwan’s Hon Hai Precision Industry, parent company to iPhone maker Foxconn, The Wall Street Journal reported. Sharp cited intensifying competition from local phone makers as the main reason for backing out of the deal but anti-Japanese sentiment due to territorial disputes with China have complicated the marketing process as well. Foxconn, meanwhile, is setting up a manufacturing facility in Philadelphia—and promises to create 500 jobs there. Hits Lightspeed BTC China, China’s oldest Bitcoin…

2 min.
serving china’s dinner

In October 2013, China’s Ministry of Finance announced it would allocate RMB 600 million to boost food output and China’s food security to meet increased domestic consumption, food price inflation, urbanization and the resulting decline in China’s arable land. In July, President Xi Jinping said that only China can solve its food security issues, and must not rely on imports to solve the problems. So how much does China currently rely on imports to sate the appetites of its citizens? Where does the food come from? As of 2012, China’s key food trading partners in the categories of soy, rice, beef and corn are the US, Brazil, Australia, Argentina and Vietnam. Australia Australia’s beef exports to China: 26,650 tons China’s domestic beef output: 61,000 tons Argentina Argentina’s soybean exports to China: 5.8 million tons China…

11 min.
screening for gold

When Iron Man 3 hit screens in China, audiences were rather unimpressed by the four minutes of extra footage that was added especially for the domestic market. While some deemed the inclusion of an extra scene with Chinese actors Wang Xueqi and Fan Bingbing extraneous, it further signaled just how important China has become to foreign film studios. Hollywood has had its sights on China’s enormous potential box office returns for some years now. Iron Man 3, a coproduction between the Walt Disney Company China, Marvel Studios and China’s DMG Entertainment, is one of the most successful blockbusters to date in China, raking in $121 million domestically. Although US studios have managed to score some huge successes in China with blockbusters like Kung Fu Panda, Transformers and Avatar, there are many…

10 min.
lightning in a bubble

“n retrospect, one of my biggest I mistakes was leaving out Shanghai when we launched the four special economic zones,” Deng Xiaoping, the chief architect of China’s early economic reforms, said in 1992. The 88-year-old Chinese leader spoke those words during his “southern tour”, a trip to generate support for his plan to “open” the Chinese economy. More than 20 years later, the reforms launched by Deng and his followers have transformed China into a booming market economy. This fall, China’s new leaders sought to fulfill the rest of Deng’s wishes by setting up a special economic zone in Shanghai. The 29-square kilometer China (Shanghai) Pilot Free Trade Zone (Shanghai FTZ) was formally launched on September 29, and a first batch of 25 Chinese and foreign companies have already been granted licenses…

12 min.
black, white and e-read all over

No one expected China’s electronic book scene to get so steamy in the spring and summer of 2013, but all of a sudden, E.L. James’ sexual thriller Fifty Shades of Grey was everywhere, though it hadn’t actually been published in China.Thanks to a market dominated by free or near-free content, strict censorship and rampant piracy, Fifty Shades of Grey has highlighted the tumult that is China’s e-book market. The book had been translated for Taiwan and released in August of 2012, and through the use of popular file-sharing platforms like China’s Douban.com, wound up on millions of Chinese computers, tablets, smartphones and e-readers. Eventually, the viral success of the book reached such heights that some mainland printers started printing pirated copies, using the same iconic cover art and selling via e-commerce…