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

CKGSB Knowledge - China Business and Economy Summer 2014

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.
china’s urban future

Pudong, overlooking The Bund across the Huangpu River in Shanghai, may be one of the best symbols of China’s dramatic urbanization in the past 30 years. When I visited Pudong for the first time in my life in the early 1990s, the entire area was a farmland. Today instead of vegetable fields, you see tall skyscrapers and China’s busiest financial district—all on the same soil I had stepped on 30 years ago. To put things in perspective let me throw some figures at you. In 1950 only 13% of China’s population lived in cities. In 2012, for the first time in history China’s urban population exceeded China’s rural population with 51.27%, or 680 million, living in cities. Today various studies say that by 2035, 70% of China’s population will live in…

1 min.
china by numbers

China’s voracious appetite Time for an intervention 30 Cities... ...nationwide are expected to loosen controls as the market cools - Zhang Dawei, Chief Analyst with Centaline. New home sales grew -15.4% in terms of value, worse than March’s -10.6%.. Country Mouse turns City Mouse 55% of young migrant workers have worked in bigger cities, higher than the 26% of older workers 19.3% Young migrants spent more than their predecessors. 80.3% of young people work outside their home towns versus 61.8% of older migrants The most addictive apps in China China’s economy’s got the shakes… Caffeine Fix 92% of franchise brands plan to open new stores this year, with investors extra excited about coffee and beverage franchises. Who’s rolling in China ad money? Whose exports does China like best?…

2 min.
holiday diary

Hong Kong Visitors: 34,914,505 (2012) 40,745,227 (2013) Growth: 16.7% Developments: Chinese visitors to Hong Kong hit a milestone in the summer of 2013, reaching a total of 4 million border crossings in a single month! Macau Visitors: 17,188,383 (2012) 18,632,207 (2013) Growth: 8.40% Developments: Mainland Chinese visitors’ market share of the total number of visitors to Macau reached 65% in August, hitting a new record. Taiwan Visitors: 2,586,327 (2012) 2,874,702 (2013) Growth: 11.15% Developments: Mainland visitor numbers to Taiwan are slowly bouncing back from changes to restrictions on tour groups in early 2013, which caused a momentary lapse in volume. Thailand Visitors: 4,000,997 (2012) 4,705,173 (2013) Growth: 17.6% Developments: A February 2014 poll from Chiang Mai University found that 80% of Chiang Mai residents were not happy with the massive influx of Chinese tourists thanks to the popularity of “Lost in Thailand”. Singapore Visitors: 2,033,918 (2012) 2,269,853…

9 min.
degree to nowhere

Recent graduate James Du has been searching for a job for four months in Beijing to no avail. The holder of a master’s degree in finance from Moscow University of Industry and Finance rationalizes: “I’ve only applied to large companies and I prefer jobs which are intellectually stimulating. As my parents have already spent so much money on my education, I’d prefer a job with a certain salary as well, [and] the job should have a certain status.” James is amongst an estimated 7 million Chinese university graduates who have quickly become the most work-strapped demographic in the country. The situation presumably worried Chinese leader Xi Jinping enough for him to drop by a Tianjin jobs fair to reassure local graduates on his commitment to employment just days after his inauguration. Explaining…

9 min.
if you build it...

On a spring afternoon in Beijing, Zhou Fang is busy hawking apartments in a new residential complex along the city’s third-ring road. He doesn’t appear to be having much luck. The buildings opened a couple months before and have plenty of amenities, including a community gym with a swimming pool, shops and a large underground parking ramp. While the apartments are not “luxury”, they are certainly designed to attract upper middle-class residents. Zhou’s real estate agency does not allow him to offer discounts on these apartments even as the market slows. He says that “nearly everyone” in the area has heard of the developers offering “substantial” discounts on new properties further out in the suburbs, and now prospective buyers have been asking him for price cuts too. Such discounts, which began in Hangzhou…

11 min.
can china make the next angry birds ?

Max Zhang has 16 games on her smartphone and usually plays 2-3 hours per night. The 26-year-old Shanghainese teaching assistant prefers casual games for their simplicity. "I don't want to use my head after a long work day." she says, adding that she regularly changes the games on her phone because they become passe quickly. Zhang also plays exclusively on her mobile. "I've never played on a desktop computer." she says. Millions of Chinese like Max are gaming exclusively on their phones as smart-p hone penetration rates soar and connectivity improves in the world's largest internet market. Lucrative opportunities abound for game developers. operators and distribution platforms, but so do risks The numbers augur promise for investors. In 2013, China became the fastest growing mobile gaming market in the world, expanding at a…