(Click on the two images for zoom)
(Click on the two images for zoom)
(Dean Soumitra Dutta Johnson, Cornelll University, is one of the academic members)
Professor Michael McElroy is a leader in the fields of atmospheric science and climate change. In 2001, he was appointed to lead the Harvard University Center for the Environment, and to lead an interdisciplinary study on the implications of China’s rapid industrial development for the local, regional and global environment. Professor McElroy has worked closely with Chinese scientists in the last 10 years.Dr Fung spoke with Professor McElroy at FGI’s Enabling Asia’s Future: Hear from the World’s Leading Thinkers public seminar on May 5, 2014. In Part One of a Three-part series, Dr Fung and Professor McElroy discuss Climate Change, Realities and Responses.
Q1: How should we think about climate change, air quality and energy security? Do these problems belong in separate silos? What is the inter-relationship between all these factors?
I think that all these issues are inextricably coupled, and I would add public health and perhaps political security to that mix as well...
I really think it makes more sense to get the big guys to work together.
中欧国际工商学院 (China Europe International Business School (CEIBS))
May 19, 2014. Accra, Ghana – When considering investment opportunities abroad, Chinese companies believe market size and a country’s economic growth rate to be the most important factors, according to results of a survey of more than 140 senior Chinese managers who are the decision makers for their company on foreign investment. CEIBS Professor of Economics Bala Ramasamy shared the survey results with CEOs, entrepreneurs from Kenya, Burkina Faso, Nigeria, Cameroon and Liberia, officials from several African embassies and officials from the Chinese embassy in Accra, the Ministry of Trade, Ministry of Foreign Affairs, and the Ghana Investment Promotion Council who attended a lecture he gave tonight at the CEIBS Africa Auditorium entitled “Enter the Dragon: Policies to Attract Chinese Investment”.
The results of the study (PDF, 38 pages, WP April 2014*) also showed that Southeast Asia remains the preferred location for Chinese investment, and that Chinese companies also prefer to invest in countries with a relatively less corrupt business environment. The availability of advanced technology, good diplomatic relations with China, the existence of trade agreements with China, and attractive tax regulations are also factors considered by Chinese companies, he said.
Professor Ramasamy also walked attendees through a history of China’s recent economic development reforms and milestones. China has been able to lift over 300 million of its people out of poverty in the last 30 years, an economic achievement no other country has yet been able to accomplish...
* Bala Ramasamy is Professor of Economics at the China Europe International Business School in Shanghai, China and Matthew Yeung is an Assistant Professor at the Open University of Hong Kong, China. The technical support of the United Nations Economic and Social Commission for Asia and the Pacific and ARTNeT Secretariats is gratefully acknowledged. Any remaining errors are the responsibility of the authors . Please contact the corresponding author at email@example.com .
My new op-ed argues why creativity and innovation is perhaps best brought by staying away from info tech http://t.co/IwhJSUynhx— Terence Tse (@Terencecmtse) January 22, 2014
Retweeted by @Terencecmtse
Meet your new global consumer
You’ve heard of the burgeoning consumer markets in China and India that are driving the world economy. But do you know enough about these new consumers to convert them into customers?
Do you know that:
• There will be nearly one billion middle-class consumers in China and India within the next ten years?
• More than 135 million Chinese and Indians will graduate from college in this timeframe, compared to just 30 million in the United States?
• By 2020, 68 percent of Chinese households and 57 percent of Indian households will be in the middle and upper classes?
• The number of billionaires in China has grown from 1 to 115 in the past decade alone?...
"China ready to invest $160 billion in Andhra Pradesh", @NDTV (Wikipedia), July 21, 2013
+ "silicon india": "India’s top 15 cities with the highest GDP"
+ CIO.IN: "Indian CIOs Riding High on the Digital Wave": ...Interestingly, in India, 85 percent of organizations are digitally astute...
A new study from BSA | The Software Alliance and INSEAD, finds that increasing the use of legitimate licensed software could in turn increase India’s GDP by $739 billion...
Hyderabad: China is ready to invest about $160 billion in different sectors in Andhra Pradesh (Wikipedia) and improve bilateral ties with India, according to economic advisor to the President of China.
Shoosan Maa, the economic advisor to Xi Jinping and also the Member of Parliament, met Chief Minister N Kiran Kumar Reddy in Hyderabad and discussed plans to invest in sectors like food processing, small-scale industries, infrastructure and education, among others, a CMO release said.
While quoting Shoosan on China's intention of pumping in $160 billion in the state, the release did not state any timeframe or phases in which such a huge investment could materialise...
...Shoosan said his country would send 10,000 students to Hyderabad for education in various streams, according to the release.
China key to EU's job crisis, China Daily, 2nd July 2013.
Chinese investment flows to Europe reached $12.6 billion last year.
Last weekend witnessed the climax of yet another European Union summit. This time it was the turn of what has become the annual European Communication Summit, which took place in Brussels on June 27 and 28.
While the annual event is billed as a "central peer-to-peer platform for in-house communication professionals throughout Europe", it also allows Europe's political leaders to tackle the major social and economic challenges facing the continent.
Unsurprisingly, therefore, youth unemployment and help for the multitude of credit-starved and cash-strapped European small businesses topped the agenda.
Surprisingly though, no discussion appears to have taken place of China and the rising sums of investment from the country into an ever increasing array of European industries. Equally incredible, given the "communication" theme of this particular summit, was the apparent absence of any representation from Chinese industry or government.
The author is a visiting professor at the University of International Business and Economics, and a researcher at Nottingham University's School of Contemporary Chinese Studies.
On January 24, Secretary of State Hillary Rodham Clinton will host an event to celebrate the launch of the 100,000 Strong Foundation as an independent nongovernmental organization. Announced by President Barack Obama in 2009 as the 100,000 Strong Initiative and until now a part of the Department of State, the new 100,000 Strong Foundation will work to achieve the goal of having 100,000 American students study in China by 2014. Thursday’s event will underscore the importance of study abroad in China and the benefits to our strategic relationship with China as well as the personal benefits individuals receive through these exciting experiences.
Eclipse: Living in the Shadow of China's Economic Dominance (Amazon)
Arvind Subramanian, ISBN paper 978-0-88132-606-2, September 2011, 216 pp. $21.95
WASHINGTON—The Peterson Institute for International Economics is pleased to announce that Eclipse: Living in the Shadow of China's Economic Dominance (2011), by Arvind Subramanian, has been named one of the three Best Books of 2012 by China Business News. Subramanian, a senior fellow at the Institute and at the Center for Global Development, shares this year's Best Book honor with Henry Kissinger for his book, On China, and with Zhou Xiaochuan, the governor of the Central Bank of China, for his book, The Global Financial Crisis: Observations, Analysis and Countermeasures. The award was presented during China Business News's annual conference in Beijing on November 24.Eclipse was published by the Peterson Institute and has been translated into Chinese, Japanese, and Spanish (forthcoming). There are more than 100,000 copies in print worldwide.
"We are extremely proud that Arvind's book has been recognized with this award for its important discussion of China's ascendance as an economic power," said C. Fred Bergsten, director of the Peterson Institute. "The award demonstrates that Arvind's historical and political analysis is spurring debate and discussion throughout the world, not just in the United States. He is in very good company with Dr. Kissinger and Governor Zhou!"
In the book Subramanian argues that China's global economic dominance is likely to be more imminent, broader in scope, and larger in magnitude than is generally believed. He explains this dominance as a product of historical forces, economic policies and objectives put forward by China, and argues that the United States cannot do much to alter the trend. This conclusion challenges a widely held view that the right set of economic policies can retain the United States' position as the most economically powerful nation in the world.
China Business News, one of China's leading daily newspapers, is based in Shanghai. The award selection was made by a jury of influential Chinese academics, international economists, and finance executives. The other contenders for Best Book honors included Daniel Yergin's, The Quest: Energy, Security and the Remaking of the Modern World , Robert Shiller's Finance and the Good Society, former World Bank chief economist Justin Lin's The Quest for Prosperity: How Developing Countries Can Take Off, and Nobel Prize winning economist Michael Spence's The Next Convergence: The Future of Economic Growth in a Multi-Speed World.
>> Download news release [pdf]
Arvind Subramanian is senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development. He is also coauthor of Who Needs to Open the Capital Account? (2012) and of a forthcoming book (with Aaditya Mattoo) Greenprint: A New Approach to Climate Change Cooperation. Foreign Policy magazine named him as one of the world’s top 100 global thinkers in 2011.
About the Peterson institute
The Peterson Institute for International Economics is a private, nonprofit, nonpartisan research institution devoted to the study of international economic policy. Since 1981 the Institute has provided timely and objective analysis of, and concrete solutions to, a wide range of international economic problems. Support is provided by a wide range of chari- table foundations, private corporations and individual donors, and from earnings on the Institute’s publications and capital fund.
Taken in its entirety from AACSB's Biz Ed magazine Nov/Dec 2012 issue "Where Technology meets Business", www.e-digitaleditions.com/i/90487/51
Market bubbles like the one that preceded the recent housing collapse could be mitigated or even prevented if governments and regulatory bodies shared information with the public about factors that determine an asset’s value. This is the finding of research by Timothy Burch and Sandro Andrade of the University of Miami School of Business Administration in Florida, and Jiangze Bian of the University of International Business and Economics in Beijing (Wikipedia), China.
The group examined China’s stock market during a six-month period in 2007 when stock prices nearly tripled and trading activity nearly quadrupled. They found that stocks with the most analyst coverage had significantly smaller bubbles than those with no analyst coverage. For example, stocks with 20 analysts reporting on them had bubbles that were more than 60 percent smaller than stocks with no analyst coverage. “Our research shows that making relevant information about an asset readily available reduces disagreement, which in turn makes bubbles less severe,” says Burch.
The researchers suggest that to limit bubbles in the stock market, government agencies could collect and disseminate information and even subsidize analyst research where needed. To reduce the odds and severity of real estate market bubbles, governments and regulatory agencies could disseminate information about transactions, appraisals, rental yields, vacancies, demographic/migration trends, prospective changes in zoning laws, and real-property borrowing statistics.
“This could be achieved by creating a ‘Kelley Blue Book’ for real estate—a centralized, well-promoted Web site where everyone could go before making real estate decisions,” says Andrade. “Analyst Coverage, Information, and Bubbles” is forthcoming in the Journal of Financial and Qualitative Analysis.
This paper uses the unique setting of the 2007 stock market bubble in China to examine whether information dissemination mitigates bubbles. Using multiple measures of bubble intensity for each stock, we find significantly smaller bubbles in stocks with greater analyst coverage. The abating effect of analyst coverage on bubble intensity is weaker when there is greater disagreement among analysts. This suggests that, in line with resale option theories of bubbles, one channel through which analyst coverage mitigates bubbles is by coordinating investors' beliefs. Consistent with this particular information mechanism, stock turnover is negatively correlated with analyst coverage, and the abating effect of analyst coverage on stock turnover is weaker when there is more disagreement among analysts.
The China Open Resources for Education (CORE) is a non-profit organization. Its mission is to promote closer interaction and open sharing of educational resources between Chinese and international universities, which CORE envisions as the future of world education.
CORE aims to provide Chinese universities with free and easy access to global open educational resources.
development and growth of China over the last 15 years has been
remarkable and has had a profound impact on the global economy. However
with continued growth comes the challenge of maintaining this in the
future. China is looking to shift from being the manufacturing
powerhouse of the world to being a centre of innovation and ideas and
the 2012 CEIBS-EFMD conference in Beijing (November 29-30) will focus on Innovative Business in China and Europe.
Join the conference chairs Professor Hellmut Schütte and Professor George Yip (Wikipedia) to explore and discuss:
This conference is organised in the framework of the EU-China Business Management Training (BMT) Project, www.ceibs.edu/bmt/, funded by the European Union.
More sane talk in the media about China (this one re currency): nyti.ms/TxLsXB. Maybe people are getting sick of the China bashing.— Doug Guthrie (@DeanDougGuthrie) October 25, 2012
Being tough on China's currency won't increase US jobs but it could raise prices for consumers. Read my Forbes... fb.me/1jvgBbQY3— Doug Guthrie (@DeanDougGuthrie) October 23, 2012
Right way to deal with China, as opposed to threats re currency labels. WTO hands Obama victory in U.S.-China dispute reut.rs/Wv2rub.— Doug Guthrie (@DeanDougGuthrie) October 19, 2012
FDI with Chinese characteristics: econ.st/Q2z7oz. China sits on $3trillion of ForEx reserves. We must attract this capital back to US.— Doug Guthrie (@DeanDougGuthrie) October 12, 2012
Chinese State-owned enterprises: The state advances econ.st/PYAXIp. Going to be interesting year ahead re direction of new leadership.— Doug Guthrie (@DeanDougGuthrie) October 12, 2012
Richard A. D’Aveni is the Bakala Professor of Strategy at the Tuck School of Business at Dartmouth College and author of Strategic Capitalism: The New Economic Strategy for Winning the Capitalist Cold War (McGraw-Hill; 1 edition (July 31, 2012), 304 pages)
With the rise of China as an economy, a question hangs in the air: Can America beat state capitalism? The evidence is not encouraging. The U.S. has lost millions of jobs to the Chinese. It will lose millions more if China, as it proposes, turns itself into a high-tech giant in critical industries ranging from telecommunications to aviation.
The rise of state capitalism has put the U.S. at a competitive disadvantage. State capitalism operates with zero-sum rules, in which one country gains as another loses. This is hardball competition, dog eat dog. And the Chinese dog is eating the American one in products ranging from cell phones to steel.
Zero-sum capitalism is not the form of capitalism U.S. policymakers see as the challenge in global markets. U.S. policymakers are guided instead by the idea of a win-win world. When everyone trades freely, business expands across the board. Every country wins. This free-market, open-trade approach is enshrined in the World Trade Organization...
At the eastern edge of Great China, Taiwan is a unique place where Chinese and Western cultures converge and interact. During the last few decades, prior to the rapid economic rise of China's east coast, Taiwan was commonly known as the most important entry point for the West into the Chinese region. Using the same language and sharing similar value systems and communication methods. Taiwan has played an important role in China's economic development by consistently ranking among China's top five trading partners. Taiwanese companies are adept at penetrating China's domestic market (beyond first-tier cities) and are far more effective than many Western corporations. Students studying at the heart of Asia's high-growth commercial zone embrace increased opportunities for growth, professional development, and unique educational experiences attributed to the evolving economic climate.
The tremendous growth of the Chinese economy has created high demand for well-trained managers, causing many middle managers, executives, and business owners in China to go back to school to seek business education...
China has been in the news a tremendous amount lately, and most of it has been bad: speculation about a hard landing for its economy; persistent charges of currency and data manipulation; fears of a bursting real-estate bubble; widespread corruption; and a general unease about a potential economic collapse.
By all reports, China is coming in for that “hard” landing (which means 5 percent growth instead of the 8 percent that has been the standard of the last several years). It is a landing that we would gladly welcome in the United States, of course. Part of the what’s-wrong-with-China focus in our politics and media is how much it inflames our own economic anxiety, the sense that things are not going well economically in our own backyard. We are angry about our economic woes, and we need someone or something to blame. China is our fall guy....
China is the driving force of Asia, and you can't get 9% GDP growth every year by working a 35 hour week. That is the view of John Quelch, Dean of the CEIBS business school in Shanghai. He sees a generation that feels privileged to be part of a moment in history...
In the second part of our interview with John Quelch, he discusses the challenges that China faces to develop their leadership and management skills, and how CEIBS is providing providing students with skills in leadership, change management and human relations management – the supposed ‘soft skills’ that are often the hardest to learn how to do well.
Video: Can the U.S. Economy Still Compete With China?, Feb 8, 2012 “All Business is Local” author John Quelch on what is needed to boost U.S. economic growth and competitiveness globally
Yu Yongding, currently President of the China Society of World Economics, is a former member of the monetary policy committee of the Peoples' Bank of China and former Director of the Chinese Academy of Sciences Institute of World Economics and Politics.
David Daokui Li (Chinese: 李稻葵; pinyin: Lǐ Dàokúi) is a Chinese economist economist and the Director of the Center for China in the World Economy (CCWE) at the Tsinghua University School of Economics and Management and is the Mansfield Freeman Professor of Economics. He currently teaches courses on economic transition, corporate finance, international economics, and China's economy....He is a member of the 1985 inaugural class of the Tsinghua School of Economics and Management (Tsinghua SEM)..
Li Daokui is a part of a trio to replace Fan Gang, as academic members to the central bank’s monetary policy committee (PBOC Monetary Policy Committee)...
"China could play key role in EU rescue", Financial Times, October 27, 2011.
“It is in China’s long-term and intrinsic interest to help Europe because they are our biggest trading partner but the chief concern of the Chinese government is how to explain this decision to our own people,” said Professor Li.
...Quelch, who aspires to make CEIBS a top 10-ranked, research-focused business school, is no stranger to administration. He was dean of London Business School from 1998 to 2001 and later served as senior associate dean at Harvard Business School (HBS)...
Article of the Financial Times, Della Bradshaw, July 25, 201
Blair Sheppard, one of most innovative business school deans in the business, is to spearhead Duke University’s push into China by taking up a new role in fund-raising and development for Duke Kunshan University, which is being established near Shanghai. In doing so he will step down as dean of Duke’s Fuqua school of business, an appointment he has held since 2007...
Soochow University will soon open a branch campus in Laos, becoming the first Chinese university to establish a campus abroad. How does this development fit into China’s national higher education strategy? What are the likely benefits of the campus for China and for Laos, and how does the initiative fit into current directions of international branch campus development?...
...Soochow University is part of China's 'Project 211', a reform plan to enhance the international position and prestige of Chinese higher education institutions in the world. This aim should be reached by improving institutional capacity of higher education, strengthening science and technology, and by improving the teaching and research infrastructure at selected Chinese universities...
US companies want share of China's new year sales, BusinessWeek, February 3, 2011.
A growing number of U.S. companies have discovered an antidote for post-holiday sales blues: China's huge, gift-laden celebration of its new year.
The Year of the Rabbit starts Thursday, and with it the 15-day Spring Festival celebration. It's China's biggest holiday and a time to gather with relatives, feast and give gifts. Food, clothing and money are traditional presents, but more Chinese -- especially the booming middle class -- are choosing gifts from overseas...