China played a surprisingly prominent role in debates surrounding the UK’s 2016 referendum on leaving the EU. For leading “Leavers”, Brexit was a chance for Britain to free itself from a stifling Brussels bureaucracy and build stronger trade relations with upcoming powers like China. But those expecting a blossoming in China-UK relations after Brexit might be disappointed, says Leslie Young, Professor of Economics at CKGSB. Professor Young, who received a doctorate in mathematics from Oxford University in 1971, at the age of 20, and who is now a recognized authority in international economics, explains how Chinese business is likely to be affected by Brexit.
Bill Bishop, co-founder of the stock market news website MarketWatch and author of Sinocism, talks about how China’s relationship with the world has changed. In this interview, he shares insights on China’s ascendance to second-largest economy in the world, as well as some of the serious economic challenges it faces today, such as an aging society and rising debt, and the current backlash against globalization. But along with that, he also discusses the many bright spots–the emerging internet economy, for example–and the hazards of getting caught up in what can be a biased and negative news cycle mentality.
The Chinese economy faces some serious problems, including a slowing GDP growth, environmental degradation and financial disequilibrium. According to Larry Summers, former Treasury Secretary in the Clinton administration, there are some specific solutions, such as making sure that opportunities for children are the same regardless of where in China and to whom they are born, making sure that the success of enterprises depends on the quality of what they sell and taxes are collected in a fair way and, finally, making sure that those who lead enterprises and communities do so for the benefit of their stakeholders.
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.
The unlikely partnership of China and Hollywood is creating big blockbusters like Iron Man 3 and Furious 7. But why are such co-production arrangements necessary?
Penny Pritzker, US Secretary of Commerce, discusses the shape of the US-China trade relationship
Alan Krueger, former Chairman of the White House Council of Economic Advisors, shares his thoughts on the labor market, US economic recovery and the interplay with China.
The Summer 2014 issue of CKGSB Knowledge is out! It has articles and interviews like: COVER STORY: The Business of Urbanization: The government is preparing to throw billions into urbanizing China, but has it thought through the hardware challenges? CHINA BY NUMBERS: From the most popular apps to Chinaʼs metal imports. The numbers that matter. SNAPSHOT: Outbound Tourism: Where are […]
Stephen Roach, former Chairman of Morgan Stanley Asia, believes that the US and China’s codependency will lead to further imbalances in the global economy. In June last year, an unlikely set of visitors descended upon a private estate at the edge of California’s Mojave Desert. Over the next two days, the leaders of the two […]