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Piece by Piece: SOE Reform is Among China’s Biggest Challenges

November 1, 2017 By Tom Nunlist

For the past few years, China has been pursuing a new and ambitious state-owned enterprise (SOE) reform program. SEOs are huge in terms of size, yet they only provide 16% of jobs, less than a third of national economic output, and a return on assets of only 2.9%. Hugely inefficient, debt-ridden and responsible for most of China’s ballooning corporate debt, SOEs are a drag on an economy that Beijing wants to transition—unlike past efforts which is about privatization, but just the opposite—from investment and export-driven to services and consumption-driven.

Filed Under: All Articles, China, Chinese Economy, Know China Tagged With: Corporate Debt, Reform, SOEs, Structural Reform

CKGSB Business Sentiment Index 2017 Q2: Economic Structural Problems Persist

October 16, 2017 By CKGSB Knowledge

Although China’s official GDP for the first two quarters and industrial growth exceeded expectations, the industrial economy has not yet bottomed out, according to the latest CKGSB study. Led by CKGSB Professor Gan Jie, the study shows that overcapacity remained at a historical high in the second quarter, and product and cost prices continued to rise, while production stayed flat. Meanwhile, the gap between the BSI of state-owned enterprises and that of private enterprises kept widening. The latest BSI findings show that the structural problems of China’s industrial economy remain a significant concern.

Filed Under: All Articles, BCI, Chinese Economy Tagged With: BSI, Overcapacity, Structural Reform

Down on the Farm: Agriculture in China Today

February 6, 2017 By Tom Nunlist

Over the past two decades, China’s urban population growth has been higher than in the rest Asia or the world as a whole. Young people are migrating to cities, leaving the elderly and children back home on the farm. So as manufacturing and urban life took off, catapulting China to world-power status, rural China and farming lagged behind. Roughly 86% of farms in China were only 1.6 acres, a tiny fraction of the size of the average 441-acre US industrialized farm and most of the work on these small farms is done by hand by an increasingly elderly population of farmers who now average over 50 years old. But that is starting to change.

Filed Under: Agriculture, All Articles, Chinese Economy, Know China Tagged With: Agriculture, Farmland, Food Security, Structural Reform

Structural Reform Needed For China’s Economy To Rebound

July 27, 2016 By Douglas Bulloch

China’s economy is facing many problems that are cyclical and also structural. Some economists believe China reached the Lewis Turning Point six years ago, where the growth benefits of rural-to-urban migration dried up and wage costs started to escalate. The growth of the Chinese economy relied very much on its cheap labor—a competitive advantage that has been exhausted. Simply put, “China has come to the end of the period of easy gains in GDP.” It faces two possible paths ahead: the hard road of structural reform and painful consolidation, and the easy road of fiscal and monetary stimulus leading inevitably to further problems along the way.

Filed Under: All Articles, China, Chinese Economy, Economy, Know China, Policy and Law Tagged With: Chinese Economy, GDP Growth, Government Control, PBOC, Policy, Structural Reform

Haier CEO Zhang Ruimin: Challenge Yourself, Overcome Yourself

October 7, 2015 By Neelima Mahajan

Over the past 30 years Haier CEO Zhang Ruimin has led the company through several path-breaking business model changes, which have helped the company build a strong brand, grow both organically and through acquisitions, globalize and “get close to the customer”. Zhang is now leading the company through yet another transformation to make it what he calls an “internet-based platform company” made up of extremely responsive micro-enterprises. For the closest parallel, think of a Silicon Valley within a company. In this rare interview, he talks about his management philosophy.

Filed Under: All Articles, Best Practice, C-Suite Interview, Conversations, Management, Strategy Tagged With: Business Model Innovation, Haier, Leadership, Slider, Structural Reform, Zhang Ruimin

Chinese Social Structure Holds the Key to a Richer Nation

April 15, 2015 By Major Tian

Changing the Chinese social structure may save the country from the proverbial ‘middle-income trap’, says Salvatore Babones, an expert on China’s political economy.

Filed Under: All Articles, Chinese Economy, Connections, Demographics, Emerging Economies, Know China, Society Tagged With: Chinese Economy, Demographics, Governance, Innovation, Slider, Structural Reform, Urbanization

Debate Room Part 2: Should China have Another Stimulus Package?

November 18, 2012 By Li Wei

  No. Some Pain is Necessary in the Short Run The slow recovery of the US economy and the deep recession in the eurozone have cast a long shadow on the global economy. Given the strong headwinds faced by China’s exporters and the weak domestic demand, many have advocated another stimulus package to arrest the […]

Filed Under: 2012, All Articles, China, Chinese Economy, Connections, Economy, Emerging Economies Tagged With: Debate Room, Policy, Stimulus Package, Structural Reform

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Information, analysis, and interviews about the Chinese economy and doing business in China, from the people who know it best. Presented by the Cheung Kong Graduate School of Business, China's leading business school.


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