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Box Office Sales: It’s all a Matter of Timing (Part 1)

April 7, 2014 By Brian Viard

  Box office sales are a function of movie release timings, but warding off competition is a different ball game altogether.   If you have ever watched James Dean in the movie Rebel Without a Cause, you probably remember the famous scene in which Dean’s character Jim Stark plays a game of “chicken” against the […]

Filed Under: All Articles, Best Practice, ExpertSpeak, Invisible Hand Revealed, Know China, Marketing, Movie Industry, Strategy Tagged With: Film Production, Game Theory, Invisible Hand Revealed, Marketing Strategy, Movie Industry, Slider

Holding Up an Airline

February 24, 2014 By Brian Viard

The peculiar problem of pilot scarcity in China might be resolved with simple economics. From 1968 to 1973 US commercial airliners were skyjacked nearly once a week disrupting the aviation system.[1] Increased security measures eventually reduced such events to a rarity; but in China there is a different kind of hold-up problem disrupting airlines and […]

Filed Under: Airline Industry, All Articles, China, Employment, ExpertSpeak, Invisible Hand Revealed, Know China Tagged With: Air China, Airlines, Employment, Private Airlines, Slider

The iPad Index: Comparing Apples and Oranges

December 2, 2013 By Brian Viard

Is the iPad Index a good way of comparing the purchasing power parity of different countries? CommSec, a unit of Australia’s Commonwealth Bank, recently issued its annual iPad Index. The index compares the price of an iPad across 46 different countries–specifically a 16-gigabyte iPad Retina with wifi. The bank began with an iPod Index in […]

Filed Under: All Articles, Connections, Economics, Economy, ExpertSpeak, Invisible Hand Revealed, Know China Tagged With: Apple, Big Mac Index, Invisible Hand Revealed, iPad, iPad Index, McDonald's, Pricing, Slider

Starbucks Prices in China: How Much For a Cup of Coffee?

November 19, 2013 By Brian Viard

CCTV’s recent report examining Starbucks prices in China has created a storm in a coffee cup. Are the concerns cited by CCTV valid? Much has been made of a CCTV report concerning the high price of a cup of Starbucks coffee in China. CCTV-13, one of China’s state-sponsored television stations, ran a report on October […]

Filed Under: All Articles, Economics, ExpertSpeak, Invisible Hand Revealed, Know China Tagged With: CCTV, Invisible Hand Revealed, Pricing, Slider, Starbucks

Tackling Excess Capacity in Industry: The Race Not Yet Run

October 17, 2013 By Brian Viard

Should the government take on the task of reducing excess capacity in an industry or is that best left to market forces? Imagine you have to form a track team but you are not allowed to run any races to judge the speed of the prospective team members. China’s Ministry of Industry and Information Technology […]

Filed Under: All Articles, China, Economics, ExpertSpeak, Invisible Hand Revealed, Know China, Policy and Law Tagged With: Invisible Hand Revealed, Ministry of Industry and Information Technology, Slider

“Beggar Thy (Hotel) Neighbor”: Some Hotels in China are Expanding at Any Cost

September 16, 2013 By Brian Viard

InterContiental, Hotels, Shanghai

How opening new hotels in China could damage the entire industry In late May, InterContinental Hotels Group (IHG) celebrated the opening of the IHG Shanghai Ruijin hotel. However, IHG’s spirits were probably dampened a bit by the bad news it received a week earlier. It was ordered to pay RMB 150 million to real estate […]

Filed Under: All Articles, Economics, ExpertSpeak, Invisible Hand Revealed, Know China, Real Estate Tagged With: externality, Hotel, InterContinental, Invisible Hand Revealed, Shanghai Yaoda

What is the Price of a Good Education at Chinese Universities? It Depends on Your Interests

August 5, 2013 By Brian Viard

CKGSB, Brian Viard

How will choosing your major affect the cost of your education? For students attending Chinese universities, price discrimination between majors is a costly concern. College applicants in the US often experience “sticker shock” when they discover the price of a university education. But one thing they do not have to worry about is how their […]

Filed Under: All Articles, Economics, ExpertSpeak, Invisible Hand Revealed, Know China Tagged With: Brian Viard, Chinese Universities, University

Food safety and rice: ‘lemons’ in China’s dinner bowl

July 15, 2013 By Brian Viard

Food Safety, Hunan Rice, Cadmium Rice, China Food Safety

China’s recent food safety scare involving Hunanese rice resulted in a downturn in the entire rice market. If consumers had more information, would the market have suffered as badly? When one thinks of rice one does not often think of lemons except perhaps in the South Indian state of Tamil Nadu where lemon rice is […]

Filed Under: All Articles, China Tagged With: FDA, Food Safety, George Akerlof, Hunan Rice, Lemons Problem, Rice, Slider

Giving Credit Where it is Due: A Key Innovation Incentive

June 19, 2013 By Brian Viard

CKGSB, Brian Viard

John Lennon and Paul McCartney wrote almost 180 songs together between 1962 and 1969, most of them recorded by the Beatles. One of them, ‘Yesterday’, has been recorded by more artists than any other song according to the Guinness Book of World Records. Imagine if Lennon was given full credit for all of those songs […]

Filed Under: All Articles, Best Practice, China, ExpertSpeak, Innovation, Intellectual Property, Invisible Hand Revealed, Talent Tagged With: Academics, Creativity, Innovation, Intellectual Property, Invisible Hand Revealed, IP, Research

Invisible Hand Revealed: Mobile Apps that Move Cabs

April 18, 2013 By Brian Viard

In an earlier article I discussed how the regulation of Beijing’s taxi fares had taken taxis off the road. Recently there has been a spate of mobile applications (mobile apps) to address this problem: DiDiDaChe and YaoYaoZhaoChe in Beijing, KuaiDiDaChe in Hangzhou, and DiDi and KuaiDi in Shanghai and Guangzhou. Although varying slightly, these apps […]

Filed Under: All Articles, Automobile Industry, Best Practice, Chinese Economy, Consumers, Economics, Entrepreneurship, ExpertSpeak, Innovation, Invisible Hand Revealed, Know China, Technology Tagged With: Apps, Beijing Cabs, Beijing Taxis, Beijing Traffic, Invisible Hand Revealed, Mobile Apps, Slider, Taxis

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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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