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CKGSB Finance Professor Gan Jie’s detailed Q3 report on China’s industrial economy has registered a Business Sentiment Index (BSI) and employment index both below 50 in Q3, indicating contraction. Firms’ fixed investment remained sluggish: only 8% of firms made fixed investments in the third quarter, while a mere 2% made expansionary investments. Commenting on the survey results, Prof Gan Jie said, “While weak demand and overcapacity remain the biggest challenges facing the industrial economy, on the positive side, after five quarters of persistent decline, production has stabilized due to an expansion in consumer goods.”
Although China’s official GDP figure in Q2 was better than expected, CKGSB Finance Professor Gan Jie’s detailed Q2 report on China’s industrial economy, which surveys directly more than 2,000 Chinese companies, indicates that the industrial economy is still at the bottom of an L-shaped economic trend. The report’s business sentiment, production and employment indices all posted figures below 50, indicating contraction.
In contrast to recently published economic data, the detailed quarterly survey from CKGSB’s Center on Finance and Economic Growth indicates that China’s industrial economy did not stabilize in the first quarter of 2016, but in fact declined. But with credible data about China’s economy increasingly hard to come by, the survey – authored by CKGSB Professor of Finance Gan Jie – arguably showcases the most comprehensive set of data currently available due to its thorough fact gathering from more than 2,000 Chinese companies from within the industrial sector.
As Chinese Premier Li Keqiang closed the 2016 Lianghui parliamentary sessions by sounding some optimistic notes about China’s economy, a new report from CKGSB’s Center on Finance and Economic Growth suggests several policy recommendations that are necessary to safeguard the long-term future of China’s industrial sector.
The problems with China’s industrial economy are structural and fundamental, writes CKGSB Professor Finance Gan Jie, as the latest results of her large-scale quarterly study of the economy paint a sobering picture, even if the risk of a hard landing is slim.
Given that the Internet has changed everything – the way we live, the way we consume, the way we communicate – it can be viewed as the third industrial revolution, writes MBA student Boris Nikolic.
Some interesting trends about China’s industrial economy have begun to emerge from the latest installment of CKGSB Professor Gan Jie’s quarterly survey.
Finance Professor Gan Jie’s latest quarterly survey reviews 2014 as whole and looks ahead to what the new year might bring.
The current state of China’s economy is revealed with an in-depth analysis of 2,013 Chinese firms by CKGSB Finance Professor Gan Jie.
Finance Professor Gan Jie details some surprising insights about China’s industrial economy, with the launch of her groundbreaking quarterly large-scale survey.
Chinese entrepreneurs need to stop focusing so much on short-term profits and think more about laying a basis for long-term growth, maintains Dean Xiang Bing.
To stay competitive, foreign companies need to adopt a more Chinese approach to cost cutting, says Professor of Strategic Management Zeng Ming.
Strategy Professor Liao Jianwen explains why mobile phone makers must shift their innovative focus to better compete with low-end copycats.
Economics Professor Li Wei revisits economic policy from the founding of the People's Republic of China to Mao's death in 1976.
As industry boundaries crumble, companies must transform the way they think about competition, writes Strategy Professor Liao Jianwen.
Chinese companies stuck in a low-end manufacturing rut have traditionally eked out a living through fierce price competition – a strategy that's no longer sustainable, writes Dean Xiang Bing.