In October, the CKGSB Business Conditions Index (BCI) dropped slightly from the worst reading to date in September, from 41.9 to 41.4. Although not quite as dramatic a decline as the previous month, the deterioration of conditions for doing business in China should not be underestimated. It shows that the majority of sampled companies, some of the most competitive private businesses in China, are pessimistic about their prospects for the next six months.
How do you kickstart innovation? Here are some pointers Beyond the law of supply and demand, one of the few things that most economists and policymakers agree on is that innovation is a very good thing. Most authorities acknowledge that the tremendous gains in lifespan and living standards made over the past 300 years have […]
The first signs of light emerge amidst the dark prospects for private enterprises in China’s ever-tightening credit market It’s been a miserable few months for financing in China’s private sector. A growing number of debt defaults by companies has spurred regulatory crackdowns on the unofficial lending sector, sometimes called ‘shadow banking’, which has sustained (not […]
As manufacturing sector gets more sophisticated, companies will have to break down the barriers between low-wage and skilled labor in China. “In this industry, it’s just one or two heroes directing a bunch of knuckleheads,” says Peng Wen, a technician at a Winto Ceramics subsidiary factory in Guangdong Province’s Foshan city. Peng’s […]