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

CKGSB Knowledge - China Business and Economy Fall 2016

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.
examining china’s new middle class

This issue of CKGSB Knowledge looks at some of the most interesting shifts taking place in China’s always-dynamic economy, and indeed society. In our cover story, we examine the emergence of a middle class in China with what might be unexpected thoughts on the origins of this group, its nature and scale and the impact they are likely to have on China’s economy. The so-called middle class is different in China from what I know the term to mean in the West, and this distinction is crucial to avoiding misunderstandings as well as calculating the influence this group will have on China and indeed the world. Their role in the economy, particularly of younger people in the category, is undoubtedly large and will only continue to grow, but the size…

2 min.
china data

Sitting Down at the Job The global consultancy McKinsey estimates Chinese labor productivity is only 15%-30% of the average of other OECD countries. Steering its economy toward productivity reform could $5.6 trillion to GDP by 2030. Battle of the Brands Chinese domestic consumer goods brands are capturing market share faster than their foreign competitors. In 2015, sales by domestic brands increased 7.8% while foreign brands registered a 1.8% decrease. M&A Tsunami $111.6 billion: China’s outbound M&A in the first six months of 2016 beat the 2015 full-year record total of $111.5 billion. Counting on the Statisticians China’s National Bureau of Statistics added $130 billion to national GDP figures by tweaking the formula to include new parts of the economy. The addition was a mere 0.04 percentage points, compared the 0.6 points the US added to GDP when…

1 min.
special delivery

The rise of China’s online e-tailers, including the likes of Alibaba, which operates Taobao and Tmall, JD.com and others have transformed the way Chinese people shop. In 2015 nearly half a billion Chinese shopped online for items big and small. The online-shopping phenomenon has also supported the growth of a multi-billion dollar express delivery industry with hundreds of thousands of workers, and hurt retail. Source: Financial Times; IBISWorld; China Internet Watch; PFSweb; Internetretailer; Reuters…

12 min.
the silver age

“[China’s leaders thought] the economy will grow and the people’s conditions will improve if there are less people”Liang Zhongtang Former member of the China’s Family Planning Commission China is the world’s youngest superpower with the world’s largest labor force of nearly 800 million people, but it seems like it has only suddenly realized it is getting old really fast. In China today, there are roughly 7.6 workers for every one retiree, but by 2050, according to the United Nation’s demographic forecast, each retiree will be supported by only 2.1 people in the workforce. Fears about how this future math plays out are creeping into society, particularly for younger people who are going to be on the wrong side of that equation. Urban workers and their employers all contribute monthly sums into state-run pension…

11 min.
the great idea bubble

China has 35 tech startups valued at one billion US dollars or more, giving it the most ‘unicorns’ in the world after the United States, which has a whopping 138 of the once near-mythical companies. But 32 of the 35 have hit the billion-dollar valuation mark only since late 2014, and some observers see a bubble in the valuation surge. China’s startup scene has long been the most vibrant in Asia. It has produced some of the most highly valued startups in the world, including smartphone vendor Xiaomi, No. 3 at $45 billion, and ride-hailing service Didi Chuxing, No. 4 at $28 billion—although its value may balloon to $36 billion, if an agreed-upon merger with Uber China goes through. But the scene is now showing signs of frothing over as the…

14 min.
the middle minority

“[The middle class is] going to be at the epicenter of every social change that is going to happen... they are the ones that will complain about policy”Luigi Tomba Senior fellow at the Australian Centre on China in the World, Australian National University Fu Cong is 33 years old, owns his own home and car in Shanghai and likes to drink shochu at a speakeasy-style Japanese bar on occasion, when he’s not at work in an international media company or spending time with his wife. In the past few years he’s gone cold on his long-time photography hobby in favor of scuba diving, and if you’re interested he can recommend the best dive spots in Thailand. It’s a comfortable life, but Fu does not consider himself to have made it. “I’m definitely…