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Restrictions on New Car Purchases: An Economist’s Road Trip

July 9, 2014 By Brian Viard

Various cities across China are restricting new car purchases in an effort to curb pollution and traffic using either auctions or lotteries. Which of these two methods works better? In efforts to contain rapidly-escalating congestion and pollution, city governments across China are experimenting with numerous methods to pull cars off the road. Some of these […]

Filed Under: All Articles, Automobile Industry, Environment, ExpertSpeak, Invisible Hand Revealed, Know China, Policy and Law, Society Tagged With: Automobiles, Beijing, Brian Viard, Environmental Pollution, Hot Issues in China, Invisible Hand Revealed, License Plate Restrictions, Policy, Slider

China’s Salt Monopoly: Cracking Down on Illegal Contraband

June 11, 2014 By Brian Viard

China’s 2,132-year old salt monopoly and why it makes sense to finally end it. Early last year Taobao, Alibaba’s online marketplace, went through a cleansing process to remove contraband being sold by merchants on the site. What was this illicit item? Was it cocaine or heroin sale of which is prohibited under China’s Drug Administration […]

Filed Under: All Articles, ExpertSpeak, Invisible Hand Revealed, Know China, Policy and Law, Resources Tagged With: Brian Viard, Chinese Market, eCommerce, Government Control, Invisible Hand Revealed, Monopoly, Monopoly Pricing, Slider, Taobao

Box Office Sales: It’s all a Matter of Timing (Part 2)

April 17, 2014 By Brian Viard

Last time I discussed how important movie-release timing is to box office sales in the US and how studios play a game of “chicken” to obtain the choicest time slots. This time I talk about how differently things work in China. Last time I talked about how studios play a game of “chicken” when scheduling movie releases […]

Filed Under: All Articles, Best Practice, ExpertSpeak, Invisible Hand Revealed, Know China, Marketing, Movie Industry, Strategy Tagged With: Brian Viard, Chinese Films, Invisible Hand Revealed, Movie Industry, Slider

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

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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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