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

CKGSB Knowledge - China Business and Economy Summer 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.
china takes to big data

Big data has become a buzzword in China as in many other parts of the world. When everyone talks about big data (BD), in some cases it becomes a tool of BD (business development). Many IT companies claim their leadership, knowledge and experience in this hot—and emerging—field. In our cover story ‘The Power of Data’ on page 20, we help you understand the potential of big data in China (soon to be a billion dollar a year market), the companies that are leading the charge and the challenges that are coming up along the way. As you will read, it’s a mixed picture, and for the sector to grow to its true potential companies need to understand—and tackle—the challenges that come with big data. In February this year, the two biggest…

2 min.
china data

Social Capital Tencent’s market capitalization surpassed $200 billion for the first time in April, with its shares having grown 52% from the start of the year. The company’s valuation is now higher than Amazon and IBM’s. Cleaning Up 2% Drop in carbon emissions last year Last year China saw the first drop in its carbon emissions since 2001. China has poured money into clean energy and is working to diversify its energy mix. Best of Friends In April, China and Pakistan unveiled a plan for energy and infrastructure projects in the latter country worth $46 billion after a visit by China’s President Xi Jinping. The projects are to help establish a China-Pakistan economic corridor between Xinjiang province and the port of Gwadar on the Arabian Sea. Sharp Correction Aggregate housing price index vs. number of cities recording housing…

1 min.
down at the docks

As China enters the so-called “new normal”, analysts continue to to try to gauge where the economy is heading. Imports are one such guide, with the data reflecting domestic demand within an economy, and also giving useful insight into its industrial trends. Chinese imports growth slowed last year, with Ministry of Commerce figures showing only 0.4% growth, implying a slowing demand for foreign goods. Despite the freefalling prices of crude oil, China’s customs administration reports only a small rise on 2013, with other imports, notably vehicles, growing much faster. TOTAL VALUE OF IMPORTS $1.96 TRILLION IN 2014 0.4% ON 2013 BALANCE OF IMPORTS AND EXPORTS $382 BN MORE EXPORTS CRUDE OIL $228 BN 3.9% ON 2013 COPPER ORE $22 BN 11% ON 2013 IRON ORE $94 BN 11.8% ON 2013 AIRCRAFT $26 BN 24.4% ON 2013 MOTOR VEHICLES AND CHASSIS $61 BN 24.4% ON 2013 PHARMACEUTICALS $19 BN 17.7% ON 2013 MECHANICAL AND ELECTRICAL…

14 min.
china’s ticking time bomb

For years, China’s economic growth has surged ahead even as that of more advanced economies has stuttered in the wake of the financial crisis, spellbinding pundits and economists around the world. But this period of prodigious growth has also seen the emergence of an issue that also bedevils developed countries—debt. Since 2007, China’s total level of debt—encompassing that held by the government, households, financial institutions and non-financial corporates—has quadrupled and now represents 282% of GDP, a higher percentage than that of Germany or the US, according to a McKinsey Global Institute (MGI) report released in February. In the eyes of some economists, China may be approaching an inflection point. Now, as growth slows and people are being encouraged to come to terms with a so-called “new normal”, there is a sense that…

13 min.
china’s ghost malls

On the third floor of the Huan Long shopping center in Shanghai, all is quiet. The mall, adjacent to one of the city’s major railway stations, has long rows of empty stores, grubby windows covered with fading posters and shop doors chained shut with padlocks. Many areas seem abandoned except for a few lone traders and their children, who sit eating instant noodles, playing card games in dusty corridors and fixated on smart-phones with no business to distract them. Even with the draw of the nearby transport links, the mall is inconsistent, grubby and rundown. “Business has been getting worse year by year,” sighs Chen Weicheng, who has been selling photographic film in his small store for the last 10 years. “Now everyone just buys things online.” But the situation is…

13 min.
the power of data

One of China’s biggest box office surprises in recent years was Tiny Times, a 2013 film which took in $11.9 million in the box office on its first day alone and spawned a series of sequels. Yet this movie was as much a result of market research and data analysis as it was artistry. The filmmakers tapped into Chinese social media networks to help determine the stars, director and marketing campaign that would most appeal to China’s younger generation. And the payout for this research was substantial. This is one original example of the use of ‘big data’, an often vague term that means harnessing the huge amount of information that is created through online activities and transactions to discover trends and make predictions. Big data is too big, too fast…