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

CKGSB Knowledge - China Business and Economy Spring 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.
frontiers old and new

Centuries ago, the legendary Silk Road that ran from China to Western Asia, Middle East and eventually Europe played a very important part in not just encouraging two-way trade ties, but also in enhancing political, religious and cultural exchanges across nations. For China, it was a connection to the world. It exposed the Chinese civilization to external influences and also took Chinese inventions like silk, gunpowder, papermaking and printing technology to the world. Today the situation is starkly different from what it was during the Han dynasty, when the ancient Silk Road was developed after a tough peace mission led by Zhang Qian, a loyal Han diplomat, to Western Asia after travelling through a war zone. The world is much more integrated today, and information, technologies and people flow across much…

2 min.
china data

Crossing the Border RMB 9.95 Trillion RMB 9.95 trillion was used for cross-border payments in 2014 (figures for 2013 not available). China’s central bank says that the RMB is increasingly being used for such transactions. Chinese officials want to ensure a greater international role for the RMB. According to Swift, the international payments network, 50 countries now use the RMB for at least 10% of their trade with China. Curbed Consumption Year-on-year growth of total retail sales of consumer goods Chinese consumers are buying more, but in comparison to 2013, the growth is beginning to ease off. Large Delivery China’s e-commerce market continues to scale new heights as more and more consumers and businesses head online. Meanwhile specialist stores, supermarkets and malls saw year-on-year growth of 5.8%, 5.5% and 4.1%, respectively, slower than 2013. * Includes B2B transactions,…

1 min.
reaching for the skies?

China’s commercial civil aviation industry has undergone dramatic growth in the last two decades as infrastructure has improved and China’s rising middle class has increasingly made its presence felt through domestic as well as international tourism. December last year saw the launch of a new airline, the budget carrier 9 Air, and in the same month Boeing confirmed that Air China, the country’s flag carrier, has committed to buying 60 of its 757 jets. But the sector still has brakes on its development due to military control of most airspace and the fact the supply of pilots doesn’t keep up with the rising demand. Moreover, the surge in demand has put infrastructure under strain, and for many passengers flying in China is a particularly unenjoyable experience—flights are routinely plagued by…

12 min.
technology gold rush

Lenovo CEO Yuanqing Yang celebrated the tech company’s acquisition of a Chicago-based smartphone brand in October in a distinctly Chicago way. His firm had just closed its purchase of Motorola Mobility from Google for $2.91 billion plus roughly 6% of Lenovo’s shares. To mark the occasion, Yang, another executive and the smartphone firm’s president chowed down a deep dish pizza decorated with a Motorola logo. Lenovo’s purchase was just one overseas acquisition in a busy year for China’s technology industry. China Mobile invested more than a billion dollars in telecom companies in Pakistan and Thailand; Lenovo spent $2.3 billion on IBM’s low-end server business in the US; Huaxin bought 85% of French telecom company Alcatel-Lucent; Alibaba spent $220 million for a 20% stake in mobile video app Tango and joined in…

12 min.
homeward bound

Growing up in Mianyang, Stone Shi didn’t always fit into his surroundings. He particularly found it hard to fit in at school in the city, the second-largest in the southwest province of Sichuan. “It was a lot of struggle,” he says. In junior high, while classmates buried their faces in textbooks, Shi began developing a “silly” interest in personal fitness. In breaks after the end of afternoon lessons at 4pm, he would cycle to the gym and work out before racing back to make the start of evening study. “I would eat my snack on the way, sometimes still eating when the class was starting,” recalls Shi. His reluctance to focus on schoolwork did not endear him to educators. “Everybody was study, study, study. I wanted to exercise and it was a…

8 min.
the tax crackdown

In November, shockwaves were felt when the Chinese government handed out an RMB 840 million ($140 million) fine to a US technology group over alleged tax evasion. The company, identified by Chinese news agency Xinhua as ‘M’, was widely believed to be Seattle-based computer giant Microsoft due to the background information the news agency supplied on the company. Xinhua’ report alleged ‘M’ had admitted to booking profits in offshore tax havens, reporting a loss in China, thereby avoiding tax. It suggested the company had admitted to tax ‘evasion’ Although never confirmed, in a media statement at the time Microsoft said the US and Chinese tax authorities had signed an agreement in 2012, an “acknowledgment by both countries that Microsoft’s profits are subject to the appropriate tax in China” This incident has been…