China’s economy is more and more controlled by the state, but the country is also pledging more openness. Political analyst Victor Shih looks at CNBC whether China can deal with this conundrum, or not. China’s agenda and ambitions are clear, but now how they might work out, he says.
China’s e-commerce giant booked another record during its Single’s Day in 2017. But what figures is the company actually reporting? Beida accounting professor Paul Gillis dives into the figures at his Chinaaccountingblog.
That is one of the key questions Shaun Rein asks in his upcoming book The War for China’s Wallet: Profiting from the New World Order. On his LinkedIn page he invites you to discuss that important questions. Some of the participants might win a digital copy of the book.
Huge usage of mobile phones, popular internet payment systems and 1.4 billion users are some of the elements that explain why the sharing economy in China is doing so well, says Jeffrey Towson, investment professor at the Peking University at the TV program China Matters.
Multinationals are increasingly losing markets to local competitors, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to Bloomberg, and founder of the China Market Research Group. “Multinationals underestimated local competition,” said Shaun Rein.
The winner among the sharing companies is not the one who sells most rides, but the one who is best in collecting smart data, says Peking University professor Jeffrey Towson to the New York Times. “The fight is no longer over who has the biggest fleet,” Towson says, “but who has the smartest fleet.”
Brand expert, Prophet senior partner and ex-JWT veteran Tom Doctoroff unveiled “three golden rules for marketing in China” at Mumbrella360 Asia. Doctoroff said brands need to understand the Confucian “tension” between climbing social hierarchy and protecting oneself from social or economic failure.
The new Marshall Plan or a sneaky way China wants to conquer the world? The opinions on China’s massive One Belt, One Road program go into both directions. RSM professor Zhang Ying summarizes both views on China’s investment program that is changing the world, for Friends of Europe.
Gone are the days when China’s consumers formed herds for their purchases. Whether is is for jewelry or trips abroad stressing individuality of consumers if key to be successful as a brand, says branding expert Ben Cavender to the China Daily.