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

CKGSB Knowledge - China Business and Economy Fall 2015

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 new economy versions of ge

What would you think if someone told you that Google, Facebook and Donald Trump’s real estate company have set up a strategic alliance? Although it is probably unimaginable in the US, alliances like this are being forged everyday in China. In recent days, Baidu, Tencent and Wanda (a search engine company, a gaming and social media company and a real estate giant, respectively) finally launched their much vaunted online-to-offline (O2O) venture, termed Ffan. The key driving force is to enter retail and e-commerce, territory dominated by Alibaba. If you look closely at any big company in China—be it the big three internet giants, Baidu, Alibaba and Tencent (BAT), or the likes of LeTV (like Netflix), Fosun (like Berkshire Hathaway) or Wanda—it would be hard to place a finger on the one…

1 min.
china data

What’s in the Vault? China’s foreign currency reserves fell by $40 billion in Q2 of 2015, following a record drop of $113 billion in the first three months of 2015. PLAYING UP Online gaming revenues continue to rise, driven primarily by the booming popularity of mobile games. Key to the City Home sales volume in China’s tier-1 cities, including Shanghai and Beijing, surged 42.9% in the first half of 2015 from a year earlier. Sales in tier-2 cities also enjoyed an increase of 16.9%. Building Funds China is planning to invest up to €10 billion in Europe’s new infrastructure fund, which is currently valued at €315 billion. Sailing Off China’s exports fell 8.3% year on year in July, the biggest drop in four months and beyond economists’ expectations. This was despite an uptick of 2.8% in June. Shopping Spree Alibaba Group…

1 min.
a tale of growing cities

For the last two decades, China’s cities have exploded in size, the result of the largest and fastest migration in human history as hundreds of millions of people have moved from rural to urban areas in search of work and a better future. This urbanization process has had incalculable implications for Chinese society, economy and environment, as well as for the global economy, with Shenzhen, for example, rising from almost nothing to become one of the world’s leading economic hubs. And this process is still ongoing and nowhere near finished—with over half of China’s people now city dwellers, the United Nations expects China to add a further 292 million people to its urban population by 2050. China’s urban population 53.2% South Korea: 83.8% Japan: 92.5% India: 32% US: 82.9%Number of migrant workers in China 274 million Sources: UN…

12 min.
a lift up

It is a hot summer morning when Mr Chen and his family arrive at the Bund—and hazy to boot. Hailing from the inland prefecture of Chongqing, Chen moved out to the coast to follow his boss, who had found business opportunities near Shanghai in the neighboring prosperous province of Jiangsu. But today as barges putter by below the iconic skyline of Lujiazui, Chen says, “We’re here for fun.” Like many before—and no doubt after—Chen was drawn from his inland hometown to the prosperous eastern corridor by the lure of greater economic opportunities. The numbers are on his side: The chief beneficiaries of China’s three-decade economic boom have been the provinces on China’s southern and eastern coasts, with booming metropolises such as Guangzhou and Shanghai acting as advertisements within China for all…

13 min.
made in china 2.0

From the late 70s onwards, the southern coastal city of Shenzhen has acted as a microcosm of the wider Chinese economy—from its humble origins as a collection of relatively insignificant towns to becoming a glittering metropolis and emblem of China’s manufacturing might, the developments the country has seen are all on display. And China’s leaders surely hope this will continue to be the case, with the city fast gaining a very different reputation as China’s incubator for a generation of exciting new manufacturers. From BYD, the Chinese maker of electric vehicles, to Huawei Technologies, the telecoms equipment giant, genomics research firm BGI and drone maker DJI, Shenzhen is now home to an array of innovative companies that belie notions that China can only do cheap, low-value manufacturing. That the government is staking…

15 min.
the new empire builders

Jack Ma’s mix of charm, drive and self-deprecation was on display as he addressed the Economic Club of New York in the Grand Ballroom of the Waldorf Astoria in early June. As club members tucked into a lunch of herb-stuffed chicken breast, mushroom risotto and baby zucchini, the Alibaba founder and Executive Chairman breezed through topics that ranged from his days as an English teacher back in 1988 in Hangzhou to the future of his e-commerce powerhouse. One name stood out though when Ma listed a handful of American businesses he had learned from while nurturing Alibaba. Microsoft and IBM were unsurprising nominations, but it was the mention of General Electric that caught the eye. With more than a century separating their respective foundings, the industrial conglomerate and China’s largest online retailer…