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

CKGSB Knowledge - China Business and Economy Winter 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.
sustaining globalization

In this issue of CKGSB Knowledge, we are taking the unusual step of including a Comment as the cover story, on what we see is the key issue of our age—keeping the overall strategy of globalization, which has had such a positive impact on the world over the past few decades, on track in the face of significant new challenges. The election of Donald Trump to the presidency of the United States and the decision by a majority of British voters to leave the European Union are simply the two most high-profile indications of a growing wave of discontent in many countries at the impact that globalization has had. All countries have benefitted overall, but some segments of the population of some countries have not, and these groups, previously largely…

1 min.
china data

On Loan New home loans in the first nine months of 2016 reached $539 billion, more than double the same period in 2015, as the property market heated up Eurotrip China has set up a €10 billion investment fund to finance infrastructure projects in Central and Eastern Europe Out of Juice 95% of China’s electric vehicle startups face closure in a massive industry shakeout All Aboard for Africa China announced it will build a $4 billion railway connecting the Ethiopian capital of Addis Ababa to the neighboring country of Djibouti We Can Rebuild Them China has launched a RMB 350 billion ($52.5 billion) state enterprise restructuring fund to advance its ‘supply-side’ reforms Stream of Money Live streaming apps, which allow anyone with a smart phone to broadcast live to an audience, are expected to generate $5 billion this year as some…

7 min.
it doesn’t stop here

‘China now has a seat at the table of globalization. And just like the opening-up all those decades ago, it is unquestionably a good thing’ On April 15, 1981, some 500 Chinese officials and Americans gathered in the Great Hall of the People in Beijing to celebrate the opening of the Coca-Cola Company’s first mainland bottling plant since 1949. It was still the early days of Deng Xiaoping’s reform and opening process, and the international community was eager to have China participate in the new trend of “globalization.” “[This] may be one of the most important days… in the history of the world,” said Roberto C. Goizueta, then the chairman of Coca Cola. Today, Coke is as popular in China as anywhere, but the international mood has to a great extent shifted.…

9 min.
private thirst

‘I don’t dare to invest more, not until a trustworthy client can promise me stable flows of orders’Zhang Qingli Factory Owner Jiangsu province Zhang Qingli has little interest in investing further in his textile business, as rising labor costs and raw material prices, as well as falling sales prices continue to shrink his profit margin. “I don’t dare to invest more, not until a trustworthy client can promise me stable flows of orders,” says Zhang, whose factory in China’s eastern Jiangsu Province mainly exports products overseas. Zhang is not alone in his limited confidence in the future. Private investment in China in terms of capital goods like factories and trucks grew by just 2.1% in the year’s first eight months after nearly 30% average annual growth over the past decade. In June, it…

12 min.
down on the farm

‘[The government] doesn’t see [industry and agriculture] as separate anymore – they want to integrate them into one system… That’s a fundamental change’Erland Ek Agriculture and Marine Manager China Policy For a visiter, there are quite a few things to envy about He Kunhou’s farm life out in the vast countryside around Chongqing city in central China. His traditional tile-roofed home has a large, sun-soaked courtyard with a gaggle of chickens milling about and beehives built right into the open-air walls. Just across the lane lay the rice fields, crisscrossed with elevated paths—a little less than an acre he calls his own. In recent years, Farmer He’s honey production has provided the bulk of his income, about RMB 30,000 annually ($4,400). His grain output has dropped off, particularly because he is now…

11 min.
the world’s automated factory

‘Robots will be a game changer for the Chinese economy… Smart manufacturing is an essential part of China’s industrial transformation and bid to increase its global competitiveness’Chiang Chia-wei Senior Analyst Market Intelligence & Consulting Institute Over the past 25 years, China has become the world’s preeminent manufacturer, churning out everything from running shoes to Apple products. Powering that ascent was heavy foreign direct investment and a seemingly inexhaustible pool of cheap labor. But now as the Chinese economy slows, wages rise and the workforce atrophies, the decades-long manufacturing boom may be ending. In 2015, Chinese exports fell for just the second time since the launch of economic reforms in 1978. Wages for China’s 277 million migrant workers rose 7.4% to RMB3,072 per month ($473), while the number of working-age people fell by…