CKGSB Knowledge - China Business and Economy

CKGSB Knowledge - China Business and Economy

May 2021

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.

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País:
United States
Língua:
English
Editora:
Cheung Kong Graduate School of Business
Periodicidade:
Quarterly
1,78 €(IVA Incl.)
5 €(IVA Incl.)
4 Edições

nesta edição

10 minutos
the capital of fintech

Financial technology—or fintech—is gaining in popularity globally as a way of making financial services more efficient and accessible. But in China, fintech has taken off particularly fast, catering to parts of the market that state-owned banks and an undersized private financial sector do not serve against a backdrop of growing consumption and a large, tech-savvy millennial generation. It seems increasingly likely that some of these fintech firms will change the way the world does business. In China’s Fintech Explosion, Sara Hsu explores the transformative potential of China’s fintech industry, describing the risks and rewards for participants as well as the impact on consumers. In the following interview, she explains the industry and the rapid developments currently taking place. Q. Why has fintech become so dominant in China so quickly? A. It was a confluence…

9 minutos
incubated in china

Sometimes a tiny insight can lead to unexpected outcomes. In 2008, a survey revealed that drivers were worried about the air quality in their cars. Dutch multinational Philips jumped on this insight, and with the help of a Chinese mobility R&D team, produced a portable in-car air purifier in 2010 to address a previously unmet need. For Philips, it created a new niche market in China and, more importantly, gave them a product they could add to their global portfolio and introduce in countries facing similar problems with pollution. This marked a significant turning point in how Philips viewed its innovation strategy. As Albrecht Kraus, the Mobility Accessories Business Manager for Philips in China, told China Daily at the time: “Ten years ago, a lot of core innovations were developed in…

10 minutos
contact-sport innovation

China’s business landscape has changed dramatically over the past decade. From being followers, today Chinese companies are competing head on with their multinational counterparts in nearly all sectors. In this interview, McKinsey Global Institute Director Jonathan Woetzel explores the impact that Chinese technologies are having and how China is increasingly in a position to influence the basis of global innovation. He also discusses the future balance between state and private business and the need for foreign companies to adjust their approach to the China market to remain competitive. Q. You co-authored No Ordinary Disruption: The Four Global Forces Breaking All the Trends. What are the key disruptive trends that you see now in global business and how has that changed since the book was published in 2016? A. We highlighted four trends…

10 minutos
future of fintech

In early November, a chat group shared by Bill Deng and many other ex-employees of financial technology giant Ant Group exploded in disbelief. Regulators had suddenly slammed the brakes on what would have been Ant’s record-shattering $34 billion concurrent initial public oferings (IPOs) in Shanghai and Hong Kong “We were all in shock,” says Deng, who left Ant in 2017 to cofound XTransfer, a Shanghai-based B2B cross-border financial services platform. “The chat groups for Alibaba alumni went crazy.” The blockbuster listing’s abrupt suspension also left would-be retail investors reeling after they bid for shares in Ant expected to be worth $3 trillion—more than the UK’s entire annual economic output. And it represented an unprecedented putdown of Jack Ma, days after the billionaire founder of Alibaba and Ant had publicly criticized China’s financial…

12 minutos
forecast 2030

There are few stories as dramatic as the rise of China. Ever since the market reform policies kicked in 40-plus years ago, the economy has followed a growth trajectory that other countries can only envy. Over the course of four decades, China has miraculously transformed from an impoverished nation to the world’s second-largest economy. Increasingly, experts project that China will become the world’s biggest economy by as early as 2028—the pandemic has accelerated the progress by at least half a decade compared to most previous estimates. While it makes perfect sense for China’s economy to be the largest given that it has a population of 1.4 billion—more than four times the size of the US—the speed with which the country has caught up is unprecedented. Now the “factory of the world,” the…

13 minutos
demographic dilemma

The scenario sounds almost dystopian. The business of old people’s homes is booming, schools in many parts of the country are closing because there are not enough children to fill them and factories are struggling to find workers. The government’s decision in 1978 to force couples to have no more than one child was meant to reduce pressure on the economy in ensuing decades. While the policy was relaxed in 2015 to help reverse population decline, birth rates are still falling, exacerbated by the fact that many young people now seem uninterested in having more children. Others have no interest in getting married or having children at all. The population, currently 1.4 billion, is forecast to peak during this decade before moving into a period of “unstoppable” decline, according to a government…