President Xi Jinping is reinventing state capitalism and has a new economic agenda: “Dual Circulation”. What does it mean for international trade and will it be successful?
China leads the global smartphone market both in terms of manufacturing and smartphone brands. China has built up a remarkable lead in the global smartphone market over the last decade, both in manufacturing and brands. But things may be changing Throughout the recent China-US trade war, one consumer electronics product has been conspicuously exempt from […]
Companies are considering moving production out of China, but how many can successfully do so? The diversification of production away from the “Factory of the World” is happening, at least to some extent. But some industries are finding it hard to break free of the China hold.
Trade tariffs, rising labor costs, COVID-19 and other factors have caused manufacturers in China to consider diversifying their supply chains. To what extent will Southeast Asia benefit from this shift?
China is the world’s top consumer of pork. What has the impact of African swine flu been on the meat industry and food security in the country?
October 27 of 2018 was supposed to be a historic day for China’s growing aerospace industry. Landspace, a Beijing-based startup, was set to become the first private Chinese firm to launch a rocket into outer space. Then, at 6:40 pm, a fault occurred. Soon after, Landspace declared the mission a failure. A few weeks later, SpaceX completed its 20th successful launch of 2018. It is unfair to draw sweeping conclusions based on the performance of just two companies, but it does serve as a reminder of how far China has to go before it rivals the US as the world’s leading technological power.
The Sino-US trade tussle has had the greatest impact on multinational corporations in China—precisely the group that the US started out trying to support. Many have begun considering radical courses of action to stay in business.
Medical spending in China is increasing every year, and people have started to buy medicine online, with nearly 3 million people buying medicine through mobile apps, among which the largest one is Yiyaowang–the”No.1 pharmacy.” Set up by Yu Gang and his partner, the founder of China’s first large online supermarket, Yihaodian, Yiyaowang is also a key part of a healthcare ecosystem that combines an online hospital, a drugstore and patients. Yu, an experienced businessman and a scholar, tells how he built the ecosystem, how it simplifies the medical process and gives patients access to cheaper drugs.
Are you among those who worry about where their products come from? So you prefer to shell out an extra buck for fair trade coffee instead of a regular cup of joe. You look for the Fairtrade certification when you buy clothes. But what about your phone? Fairphone, an Amsterdam-headquartered company, is selling phones on the premise that they are made from conflict-free minerals. Is that a compelling proposition for customers? Will they pick an ethically produced phone over an iPhone which has greater functionality, more aspiration value and a style quotient?
The price you are able to command for your services doesn’t just depend on how much customer value you create.