China’s consumers are becoming increasingly a force the rest of the world has to take into account, writes Beida business professor Jeffrey Towson at his weblog. Not only have Chinese more disposable income, they not only go for cheap offers, and regularly disrupt the world.
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LinkedIn published an annual ranking of top voices, placing professor Jeffrey Towson, one of our speaker, in its top-10 for economy and finance. “They’ve weighed in on the biggest financial stories of the year, memorably tackling topics as diverse as the future of China’s economy to the need for change at major banks.
Famous wealthy Chinese like Wang Jianlin and Jack Ma are still up and running, but a new wave of billionaires is moving up in the ranks of the annual Hurun China rich list, says its founder, Rupert Hoogewerf to Reuters. “Today it is about using the capital markets for financial investment,” he says, like Baoneng’s Yao Zhenhua.
For long China was the world´s working place with thousands of workers toiling away in dirty workshops. But China´s youngsters do not want to work in factories anymore, says business analyst Shaun Rein, author of The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia, to MIT Technology Review. In stead, robots take over.
Chinese companies are increasingly going abroad, for a large variety of reasons, and with an even larger variety of success and failure, says Joel Backaler in Knowledge CKGSB. The author of China Goes West: Everything You Need to Know About Chinese Companies Going Global looks at Huawei, Lenovo, Baidu, Xiaomi and TCL.
Dropping housing prices have put pressure on real estate firms. But while smaller companies might fail, larger ones try to remain profitable by sometimes daring diversification of their investments, writes financial analyst Sara Hsu in the Diplomat.
Hurun by Fantake via Flickr Programs for corporate social responsibility (CSR) adds to the competitive advantage of companies in China, says Hurun or Rupert Hoogewerf in his latest report. Most…