Adidas’s Yeezy sneakers designed by rapper Kanye West have been among the world’s best-selling footwear since they were released in 2015, and a pair of Yeezy Boost 350 V2s retails for up to $1,000 on most e-commerce sites. But on Alibaba’s Taobao site, the world’s largest online marketplace, vendors offer the same pair of sneakers for as little as RMB 300 ($45). That sounds too good to be true, and it is. They are counterfeits.
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?
People have been making art in China for at least 4000 years, but the modern era of China’s art market dates from the early 1980s, when the government opened the economy to private enterprise and the country began to recover from the ravages of the Cultural Revolution (1966-1976), a period when most art, new and old, was derided as decadent and counter-revolutionary.
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”.
Elena L. Botelho, co-author of the best-seller The CEO Next Door and a partner at leadership advisory firm ghSMART, explains why people misunderstand what it takes to get to the corner office Many people aim to climb the corporate ladder even though the responsibilities of a CEO are immense, and their failures can be embarrassingly […]
First coined by two World Bank experts in 2007, the middle-income trap phenomenon—the existence of which is disputed by some economists—describes how growth in developing countries tends to stagnate when gross national income (GNI) per capita rises above a certain level, as higher wages push up production costs. Countries can become “stuck in the middle” as they struggle to compete with low-income newcomers where labor costs are still low, and advanced high-income economies with strong innovation. Since 1960, only 15 countries have escaped the“middle-income trap.” Can China beat the odds?
In addition to the “black swan”, a term which refers to improbable and unforeseeable events, is the “gray rhino”, an expression coined by Michele Wucker to describe highly probable threats that have a potentially high impact yet are often ignored. Why do leaders and decision makers so often fail to address obvious dangers before they spiral out of control? That is the topic of Wucker’s book, The Gray Rhino, which is essential reading for managers, investors, planners, policy makers, and anyone else who wants to understand how to avoid getting trampled in an increasingly changing world.
The WTO is the world’s primary trading system, comprised of 164 member-economies scattered across all of the world’s five continents, and it is obviously in the interests of the world that it works effectively. But growing disputes between China and the Western economies are making the World Trade Organization increasingly dysfunctional. Could the result be a radical overhaul of the global trading system?
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.