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CKGSB Knowledge - China Business and EconomyCKGSB Knowledge - China Business and Economy

CKGSB Knowledge - China Business and Economy Spring 2018

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
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4 Issues

IN THIS ISSUE

access_time3 min.
changing china

Let’s play a quick game of word association. If you had to describe Chinese business in one word, which one would you pick? For a long time, most people outside China would have chosen words like “copycat” or “sweatshop,” but these old labels are seriously misleading nowadays. China is rapidly transforming into an innovation and consumption-driven economy. In this issue, we’ll try to give you a glimpse of this new China. We begin by casting our eye over China’s retail landscape, where the advance of big data technologies is leading to the creation of some fascinating new business models. CKGSB Professor Bingsheng Teng explains in “Data, Smart, Sharing: The Three Words That Define China’s Business Future” (page 6). We return to the shop floor later in the issue with “Buying Chinese” (page…

access_time6 min.
data. smart. sharing.

Forget e-commerce. In today’s China, the smartest businesses are moving the digital revolution into the offline world as the boundaries between online and offline become increasingly blurred. The integration of information technology into our daily lives is allowing companies to apply advanced big data techniques to transform a range of industries previously considered relatively impervious to digital disruption. For businesses across nearly every sector, the key to future success now lies in three areas: data, smart systems and the sharing economy. This phenomenon was clearly visible in 2017, with many companies applying these three concepts to achieve new efficiencies and upgrade their business models. This led to the emergence of some interesting new trends. Rise of New Retail Today’s digital economy is no longer just about digitalizing traditional industries, but also about integrating more…

access_time14 min.
high stakes

The US and China are negotiating to try to avert a trade war. But any deal may only mark the start of a new era of heightened tensions in the world’s most important economic relationship As Donald Trump signed the memorandum proposing the introduction of tariffs on $50 billion of Chinese imports on March 22, the president of the United States quipped: “This is the first of many.” The moment marked a dramatic escalation of tensions with China over trade, which have since risen even higher with China’s threat of a tit-for-tat response and Trump’s announcement that the US may consider an extra $100 billion worth of tariffs. But for many observers, the signing of the memo also represented a deeper shift in the dynamics of the world’s most important economic relationship. In his…

access_time13 min.
raising the bar

Cities across China are pouring investment into research and development in a bid to transform themselves into world-class innovation hubs. But will the smaller players be able to compete with the likes of Shanghai and Shenzhen? The news surprised no one, but when the Hong Kong government confirmed on March 1 that Shenzhen, the city next door, had overtaken the former British colony to become the largest city economy in south China, the shock still resonated strongly. After all, only 40 years ago, Shenzhen didn’t exist. Now, the startup city has a population of 15 million, more than double that of Hong Kong. The gross domestic product (GDP) of Shenzhen reached $355 billion in 2017, compared to Hong Kong’s $340 billion. Many in Hong Kong saw the milestone as confirmation that their…

access_time9 min.
straight talk

Yuval Ben-Sadeh keeps things simple. For the Chairman of the Israel Chamber of Commerce in China (IsCham), business is business, rules are rules and everything else is just talk. Why waste time arguing about Chinese policy toward foreign businesses when you could be spending that time working out how you’re going to adapt to it? For Israeli companies, there is good reason to take this pragmatic approach. These are exciting times for the “Startup Nation,” which has found opportunities galore in China’s tech-hungry market. When Ben-Sadeh first came to the Middle Kingdom to gauge the market potential for his company’s water treatment systems in 1999, Israel’s annual exports to China were in the tens of millions of dollars. This year, its exports are likely to surpass $10 billion. In this interview with CKGSB…

access_time13 min.
tilting east

China’s growing ties with Central and Eastern Europe have raised concerns among some in the West. But the forces pushing the two sides together are much deeper and more complex than many realize Hungarian Prime Minister Viktor Orban shocked officials across the European Union in late January when he told a business forum in Germany that the key to his country’s future may be in Beijing, not Brussels. “Central Europe has serious handicaps to overcome in terms of infrastructure; there is still a lot to be done in this area,” Orban said. “If the European Union cannot provide financial support, we will turn to China.” For many, the Hungarian leader’s ultimatum confirmed a fear that has been growing inside the European establishment over the last few years: that China is becoming an increasingly…

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