This week that was: China releases a moderate stimulus package; Alibaba picks up a stake in Intime Retail; Huawei scores a profit surge in 2013; and minimum wages in major Chinese cities rise. New stimulus for a slowing China China’s economy hasn’t bounced back as much after the Chinese New Year in February. On Tuesday, China’s official […]
Stephen Roach: China is moving to a healthier growth model
According to former Morgan Stanley Asia Chairman Stephen Roach, China is transitioning to a more stable economic model with a greater—and healthier—emphasis on consumption and services. China’s economy is showing more signs of slowing down, but it’s the interpretation of the slowdown that really matters. Some, like billionaire investor George Soros, warn that China’s economy is “running out […]
Regulating internet finance in China
Chen Long, Professor of Finance at CKGSB, believes that the authorities have to tread a fine line while regulating internet finance products in China such as Alibaba’s Yu’e Bao and Tencent’s Li Cai Tong. Here’s why. China’s most dominant online payment system is going through “the toughest, yet the most honorable moment”, says Jack Ma, President of […]
Shanghai Free Trade Zone: Lightning in a Bubble
Will the Shanghai free trade zone live up to the hype? “In retrospect, one of my biggest mistakes was leaving out Shanghai when we launched the four special economic zones,” Deng Xiaoping, the chief architect of China’s early economic reforms, said in 1992. The 88-year-old Chinese leader spoke those words during his “southern tour”, a […]
China Roundup: Foxconn and Blackberry partner; Tencent’s smart TV; and China grows at 7.6%
The week that was: Foxconn to manufacture for BlackBerry; Tencent to debut WeChat TV; and Volkswagen becomes the most popular car brand in China. Foxconn to climb up the value chain with BlackBerry deal The world’s largest contract electronics manufacturer is looking for ways to sustain its growth, and the new partnership with the famed-but-fading […]
The World Trade Organization’s Bali Package: Good News for China
The World Trade Organization’s Bali deal is likely to boost China’s economy tremendously. Here’s how. Eighteen years since its founding and one day after the current round of trade liberalization talks’ scheduled end, on 7th December 2013, the 159 members of the World Trade Organization (WTO) finally did something few observers expected: they agreed on something. […]
China Round-up: Thaw in the Shanghai Stock Exchange, the Bitcoin Ban, and the Apple-China Mobile Tango
The week that was: the Shanghai Stock Exchange will finally end the IPO freeze; British Prime Minister David Cameron brings a slew of business deals to China; and bitcoins come under the scanner. China to end IPO freeze There have been no initial public offerings on the Shanghai Stock Exchange since late 2012, but […]
Bolshie in Beijing: Soaring Labor Costs in a Slowing Economy
China’s labor costs are soaring even as the economy slows. How are companies responding? It was a tactic designed to grab headlines, and it succeeded. In late June, workers at a medical parts factory in Beijing held hostage Chip Starnes, a visiting American executive, demanding that he provide better compensation. The company’s employees guarded exits, […]
The James McGregor Interview: A Self-Examination for China
APCO Worldwide’s China Chairman James McGregor on China’s identity shifts James McGregor is Chairman of global communication consultancy APCO Worldwide’s greater China region and a renowned China author, first with One Billion Customers: Lessons from the Front Lines of Doing Business in China, published in 2005 and more recently with No Ancient Wisdom, No Followers: […]
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