China has approved five new varieties of genetically modified crops for import, highlighting the huge impact Chinese GMO restrictions have on the global agricultural sector. Is Beijing planning to relax its near-total ban on GMO?
Jane Sun, CEO of Ctrip, explains how China’s online travel giant is pushing into new markets and gives her insight on how countries can attract China’s lucrative tourism market Online travel giant Ctrip is one of the great by-your-bootstraps success stories of China’s technology sector. Much like its more famous rival—Jack Ma’s e-commerce juggernaut Alibaba […]
China’s economy seems to be slowing faster than the government would like, and US trade war tariffs are just one of the issues weighing down overall growth and threatening hopes for a choreographed and gradual deceleration. The last time this happened in 2008, Beijing responded with massive stimulus spending, thereby creating a debt mountain. This time, what should the economic planners do?
Last year, China recorded its slowest economic growth in 28 years. But for leading e-commerce player Pinduoduo, it was boom times, with business up 234% for the year thanks to a largely ignored market—China’s vast rural regions and smaller towns and smaller cities, termed “non-first tier cities”.
Right up until the moment his company imploded, Ofo founder Dai Wei insisted he was building a corporate empire to rival Google.
But the young entrepreneur has now come to resemble a modern-day Ozymandias: all that remains of Ofo’s bike-sharing dream are the battered, unusable yellow cycles still littering China’s streets. The collapse of the Beijing-based startup, which just two years ago was valued at $3 billion, has captivated China over recent months.
Europe is not used to getting its way in trade negotiations with China. But that is exactly what appeared to happen at the EU-China Summit recently. In the days leading up to the meeting in Brussels, it looked like the two sides would fail to agree a joint statement for a third straight year. European Union ambassadors complained of the “slow and difficult” talks with their Chinese counterparts. Just four days ahead of the summit, one diplomat told Euractiv that Brussels and Beijing remained “worlds apart” on several key issues. But all that changed when the Chinese side made a last-minute push to secure a deal.
Many—maybe even most—business teams are dysfunctional. Whether your teammates are co-founders of a startup or the C-suite of a Fortune 500 company, the evidence suggests you are probably not working together as productively as you might. Outsized egos and mis-sized groups are the most frequently cited cause of team dysfunction, but they aren’t the only problem.
A blog post by a self-styled financial veteran knocked the wind out of the Chinese business community recently. The author, Wu Xiaoping, argued that the country’s private firms should step aside and allow the state to increase its dominance of the economy. The private sector has “fulfilled its task of assisting the state-owned economy in achieving its rapid development,” Wu wrote. The article went viral on social media, sparking criticism from entrepreneurs and support from left-wing commenters. Under normal circumstances, a blog by an obscure middle manager would never garner so much attention. But Wu’s post touched a nerve. These are tough times for private firms.
You may not recognize the name SenseTime. But if you have spent time in China recently, SenseTime will almost certainly recognize you. Founded just five years ago by a group of data researchers at the Chinese University of Hong Kong, the startup has rapidly established itself as China’s leading provider of facial recognition technology. Its face-scanning software is used everywhere from smartphones to office blocks and police stations.
Business has always been a team sport, but over the past two decades, teams have become a much more central concern for managers. Pushed by the automation of repetitive tasks and pulled by the need to innovate, many senior executives now believe that their future depends largely on the performance of their teams. But although technology is advancing, people are not. A recent survey among MBA students and degree holders shows that only 29% said that their teams were organized in a way that gave them a three-quarter shot at success.