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Business & Finance
CKGSB Knowledge - China Business and Economy

CKGSB Knowledge - China Business and Economy Spring 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.
will the tpp succeed without china?

The recently signed Trans-Pacific Partnership (TPP), in my opinion, may not serve the purpose its key members, such as the US and Japan, aim for if China, the largest trading nation and the second-largest economy in the world, is not a part of it. Ironically, the country that is promoting the TPP the most (the US) might end up being the one that blocks it if the US Congress votes against it. Whether China decides to join the TPP in the future is something no one can quite predict. So what is the prognosis for the short term? Can China’s involvement in other regional trade agreements and bilateral treaties be an effective counter to its absence from the TPP? We analyze this and also paint a scenario for a hypothetical…

2 min.
china data

Investing in Saving Lives Dalian Wanda plans to invest RMB 15 billion into hospital developments. The company plans to invest in and build three hospitals in Shanghai, Chengdu and Qingdao. We Are the 1% Peking University’s Institute of Social Science Survey found the wealthiest 1% of families in China own 1/3 of the wealth,10% less than the US, where the wealthiest 1% own 40% of the total wealth. The study also found that the poorest 25% of Chinese families only own 1% of the country’s wealth. Homeward Bound The travel period around Chinese New Year is routinely described as the largest human migration on earth, and this year the Ministry of Transport predicted 2.9 billion passenger trips over the period of Jan 21 to March 3. Inevitably, great strain is put on transport infrastructure and…

1 min.
full house

China has emerged as one of the world’s hottest film markets, overtaking Japan in 2012 to become the second-largest market globally. But for all its growing importance to foreign studios, the State Administration of Press, Publication, Radio, Film and Television maintains a strict quota of 34 foreign films per year permitted to be shown in Chinese theaters, and even then there are black-out periods for foreign films at the most lucrative times of year. As a result, many studios have found co-productions a lucrative way to skirt around this hurdle. Sources: The Hollywood Reporter, EntGroup/CBO…

14 min.
deciphering china

‘Because of the size of China, the ability to be absolutely accurate becomes harder’Matthew Crabbe Director of Research, Asia/Pacific Mintel In previous years as provincial-level GDP data rolled in, China’s top leaders and the provinces’ respective officials could no doubt take a certain satisfaction from the bountiful increases in wealth displayed therein. But were they to spend a bit more time with the data, such pleasure would likely lead to a state of confusion, if not consternation—the sums, quite literally, don’t add up. Taken together, the total of provincial-level GDP has outstripped the national figure year after year, a problem that has only gotten worse over time. What was once a discrepancy of a mere RMB 1.97 trillion in 2009 had increased to RMB 4.8 trillion by 2014, as shown by National…

13 min.
striking out

‘State enterprise reforms haven’t gone that far... [Xi Jinping] has just got higher priorities’Leslie Young Professor of Economics CKGSB Traffic jams in China have become something of a YouTube staple. From the sudden appearance of paralyzing city gridlock when no one is prepared to give way, to the 100 km holiday-weekend nightmare caused by just too many cars. Both are, of course, a consequence of China’s rocketing, decades-long development trajectory, a failure to adequately adjust the rules, along with the simple fact of China’s vast population. China’s longstanding reform program has arrived at much the same point. The enormous impact on growth of joining the World Trade Organization (WTO) has now largely played out, and the path towards developed economy status—while avoiding the so-called middle income trap—depends upon careful management of an…

16 min.
standing apart

‘[TPP] could potentially be part of a story where China sort of loses its vital place as the world’s global factory floor and as a key segment in global production networks’Scott Kennedy Deputy Director, Freeman Chair CSIS If Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meetings are supposed to provide a chance for members to present a united front on matters of trade and economics, there are some differences that even synchronized traditional dress cannot hide. Indeed, there was perhaps a slight note of discord at November’s meeting, with the 12 members of the then recently agreed Trans-Pacific Partnership (TPP) trade agreement meeting on the sidelines to celebrate the new deal. That over half of APEC’s members were using the Leaders’ Meeting as an occasion to mark an agreement that excludes some of…