EXPLOREMY LIBRARY
Business & Finance
CKGSB Knowledge - China Business and Economy

CKGSB Knowledge - China Business and Economy Fall 2014

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

2 min.
the alternative route to getting the top job. know more about doing business with china.

Within most companies, there may be many routes to the top. The one that is becoming increasingly prevalent however, is knowing how to do business with China. With the Chinese economy continuing to grow, understanding how this will affect the global marketplace is as advantageous for the individual within the business as it is for the business. Whatever your current knowledge of China’s influence on the world’s businesses, CKGSB: Cheung Kong Graduate School of Business and IMD business school can help you develop your understanding of China, along with your career prospects, even further. CKGSB is recognized as China’s world-class business school with an alumni base that accounts for 13.7% of China’s GDP. Our world-class faculty represents many of the best minds from the U.S. and Europe’s top business schools. IMD is…

3 min.
out into the world

Come September and everyone’s attention will be on Alibaba and its much awaited initial public offering (IPO) at the New York Stock Exchange. While the world is probably obsessing over the size of the IPO (Alibaba’s IPO is very likely going to be the biggest IPO the US has ever seen), my attention will be on an important, yet less talked about issue: the company’s complex legal structure. Alibaba has what is known as a variable interest entity or VIE structure. Many Chinese companies that seek to list in the US use this structure. Others that have done it include Baidu, Sina, JD.com and Renren. What the VIE does essentially is split a company into two entities. The first entity based in China—and owned by Chinese citizens—obtains the licenses to operate…

2 min.
china by numbers

The stats you need to know [from June and July 2014] Weak Signal June showed a 0.5% decline in telecom services revenue growth *y/y: year on year Flight of Money There was a huge net outflow of non-foreign direct investment (NFDI) in Q2 2014 compared with a strong net inflow in Q1, possibly reflecting a rush by investors to get money out of the system in fear of an economic hard landing In Search of Growth July stats on China’s search engine market show mega growth and a victor in Baidu Where Has the Money Gone? July credit data showed a big decline in new renminbi loans amid banks’ concerns over China’s slowing economy and problems in the property market. Bank acceptance, a form of off-balance sheet financing, was affected by regulatory tightening of shadow banking activities. Still,…

1 min.
finding green profits

WIND POWER First Half 2014: -6.3% 2013: 48.5% 2013 investment: $28 bn SOLAR POWER First Half 2014: 16.5% 2013: 76.9% 2013 investment: $22.6 bn ENERGY STORAGE First Half 2014: 2% 2013: 32.2% 2013 investment: $4.3 bn* BIO FUELS & WASTE First Half 2014: -18.9% 2013: 32.5% 2013 investment: $900 m HYDRO POWER First Half 2014: -3.6% 2013: -9.9% 2013 investment: $2.7 bn** In 2013 China extended its lead in the global clean energy race by investing a massive $56 billion in the sector, according to Bloomberg New Energy Finance. Officials in Beijing have for the past four years adjusted upwards multiple targets for clean energy projects in a bid to develop Chinese firms into market leaders and, more recently, taken effective measures to curb torrid pollution levels. Much of the investment in clean energy projects is directed by the state, so private capital looking to enter the sector has often…

9 min.
buying brain power

The leadership in China knows that innovation is its future, the key to higher living standards and longterm growth... They are doing everything they can to drive innovation, and China’s patent strategy is part of that broader plan.”– David Kappos, former Under Secretary of Commerce for Intellectual Property. Kappos’ grand statement in a 2011 interview with The New York Times may not have captured the far more practical, and sometimes cynical, driving forces behind Chinese high-tech companies purchasing large amounts of patents and patent families from both partners and competitors. In acquiring vast swaths of patents, so do these Chinese firms acquire the means to inflict debilitating litigation on foreign competitors. Lenovo—which acquired IBM’s personal computer business in 2005—purchased and licensed some 2,500 issued and pending 3G and 4G patents from Unwired…

10 min.
the bot connection

It’s a well-depicted scene: a skilled surgeon is performing delicate open-heart surgery in an amphitheatre filled with esteemed colleagues and eager-to-learn residents. The lights illuminating the procedure are bright and hot, calling forth small beads of sweat on the surgeon’s forehead. The doctor says: “Scalpel.” Only instead of human hands it’s two robotic arms that extend a tray of tools in response to the surgeon’s request. No, this is not a summer sci-fi blockbuster, but rather what’s happening in China’s foremost medical research institutions, and in full practice at Beijing’s General Navy Hospital where robots are the first ones to crack open skulls for brain surgery. Service robot application in healthcare is only going to increase with time, following the example of Japan and Osaka University’s Actroid-F, a nursing robot with…