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

CKGSB Knowledge - China Business and Economy September 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

4 min.
what china will become next?

In the past 30 years, China has achieved the kind of economic development that would have taken many other countries centuries to attain. It has done so by riding on factors like cheap labor, massive demand in export markets financed by cheap credit in the US, and generous welfare programs in Europe. But it came at a cost: of damaging its own environment. Everyone knows that China’s development model will, and has to, change to meet the new realities of the world, such as the decline in purchasing power in the advanced economies and slow growth in the once unstoppable emerging economies. With a Gini Coefficient of about 0.5, will China be the next Brazil, a country that fell into the middle-income trap? With government policies that have failed to ease the…

3 min.
china briefs

Xiaomi Not so ‘Xiao’ Xiaomi got a big nudge from a big player as one of Google’s top Android executives, Hugo Barra, left Google for the Chinese phone maker to help it develop its international game plan. Xiaomi has been the dark horse of the China smartphone race, but its patented MIUI Android-based interface is making a splash with Chinese smartphone users, as is its pitch-perfect price point, unhorsing Apple and taking fourth place in China’s smartphone market. Packing up China Brands Iconic US luggage maker Samsonite International is gearing up to acquire numerous Chinese and other Asian brands in an effort to diversify its product mix to the tune of $1 billion, The Wall Street Journal reported. The luggage maker expects China to overtake the US as its single-biggest market in as…

1 min.
china's urban layers

China has hit a major milestone this year in its quest to become an urbanized nation. For the first time in China’s history, more than half of its population are now considered “urban residents”. Urbanization in the Chinese context has been most widely equated with the phenomenon of rural China dwellers migrating to China’s first-tier coastal cities. But urbanization has come to mean much more than that as policy makers are determined to convert large swaths of China’s rural landscape into urban communities. Here is a picture of the different stages of China's urbanization saga, broadening the classic definition of the word.…

9 min.
bolshie in beijing

It was a tactic designed to grab headlines, and it succeeded. In late June, workers at a medical parts factory in Beijing held hostage Chip Starnes, a visiting American executive, demanding that he provide better compensation. The company’s employees guarded exits, rattled windows and shined lights into the building at night. Six days later, the beleaguered executive was released after he agreed to pay $300,000 in benefits to almost 100 employees. Since early 2013, several “bossnappings” have occurred at large international and domestic firms in Shanghai and Guangzhou, on top of scores of more traditional strikes and labor protests. Official statistics on labor unrest are not publicly available, but over the past three years “we’ve seen consistently high numbers of strikes and worker protests”, says Geoffrey Crothall, communications director at China…

10 min.
making it in america

At times, the obstacles seemed insurmountable. The acquisition of A123 Systems, an American manufacturer of lithium ion batteries, by a Chinese auto parts maker named Wanxiang triggered vehement opposition in the US. Lawmakers protested that the technology being sold to the Chinese had been developed with $132 million of taxpayer money. Retired military officials warned that the transfer abroad of the company’s advanced products, used in energy grids, unmanned aerial vehicles and pulsed power weapons, could put American national security at risk. Local competitors interested in acquiring A123’s assets for themselves added their voices to the chorus. To reassure the American public, Wanxiang excluded A123’s defense contracts from its bid; these were sold separately to an Illinois-based company. But the criticism kept coming. Yet American regulators approved the acquisition in January 2013,…

9 min.
take off

Jill Mao, a 22-year-old student, was due to fly at 4pm from Shanghai Pudong airport to Hong Kong in June. But when she got to the airport, she found out that the flight would be two hours late due to bad weather, even while skies looked clear. Mao was irritated. At 6pm, the service staff told her that it would be another half-an-hour, saying that the flight was in fact delayed because of a backlog of planes from yesterday’s delays. Then at 6:30pm she was told she would have to wait another half-an-hour. Tired and hungry, with no compensation, Mao finally arrived in Hong Kong at 11pm, four hours later than scheduled. “This happens all the time,” says Mao. China’s aviation network is notorious for flight delays. A flight leaving from Beijing’s…