China’s economic growth has dropped to a 24-year low. There’s not much room for further decline as Beijing has reaffirmed its goal of doubling the GDP between 2010 and 2020. This means growth of 6.5% a year. The conventional methods of boosting growth are no longer deemed dependable. Beijing is now pinning its hopes on unlocking another round of “economic dividends” by carrying out reforms to make the entire system more market-driven. But can China carry out economic transformation without hurting growth? We ask Anthony Saich, Director of the Ash Center for Democratic Governance and Innovation at Harvard Kennedy School.
An underdog in an industry dominated by giants, sportswear brand Under Armour recently pulled off a growth miracle by increasing its quarterly revenues more than 20% in 21 consecutive quarters. The 19-year-old Baltimore, MD-based company surpassed its German competitor Adidas last year in sales in the US, only trailing Nike in the world’s largest sportswear market. And now Under Armour trying to replicate its success in global markets, especially China. What does it have going for it in the world’s second-largest consumer market?
Everyone knows that China’s state-owned enterprises (SOEs) are in dire need of reform. However, it seems the government wants to take its time through the reform process. The State Council’s recently released guideline document on SOE reforms hasn’t set any deadlines or quantifiable targets. Rather it seems to stress upon the importance of not rushing through or forcing any immature reforms. There’s a reason for that. Any attempt to speed up implementation of reforms at Chinese SOEs can have devastating consequences. We explain why.
Unlike parent company Lenovo, ZUK is trying to woo youngsters and blaze its own path. To do that it is immersing its engineers in their environment and involving youngsters in the conceptualization and design process.
Slow growth in the Chinese economy will put pressure on local governments’ ability to repay their debts.
Anil Gupta, an expert on globalization and strategy, on the domino effect unleashed by several global megatrends—from the turmoil in the energy markets and the crisis in Greece, to the challenges being faced by the Chinese economy.
Is the yuan devaluation the start of a currency war, or a reflection of Beijing’s plan to give the market more power?
What will happen to humans when the robots take away our jobs? Martin Ford, author of Rise of the Robots, on the imminent threat to jobs and the capitalist system.
In a short space of time Alibaba’s Ant Financial has created—and scaled—a diverse set of financial products and services: from online payments to cloud computing and data services.
The government has finally issued guidelines to regulate China’s internet finance industry, but the devil may lie in the yet-to-come details.