Monthly Index on Private Businesses Shows that Business Owners in China are More Pessimistic Than Ever Before

Commentary on the May 2022 CKGSB Business Conditions Index Professor Li Wei Following on from April’s dismal data, the CKGSB Business Conditions Index (BCI) fell from 40.8 to 37.34 this month, which is well below the confidence line of 50.0 (Figure 1). In the last two months, the BCI dropped by 14 percentage points. This indicates that …

After Five Years of China-US Trade Frictions, How Are Companies Dealing with Uncertainty?

Professor Tao Zhigang, Professor of Strategy and Economics, Cheung Kong Graduate School of Business  In February this year (2022), U.S inflation hit a 40-year high. According to data from the U.S. Bureau of Labor Statistics, the consumer price index (CPI) has risen 7.95% year-on-year (2022) and 0.8% month-on-month (February 2022). Since the Federal Reserve’s March meeting, …

The Russia-Ukraine Conflict is a Threat to China’s National Interests

By Li Wei, Professor of Economics at Cheung Kong Graduate School of Business The conflict between Russia and Ukraine has been ongoing since February 24. When the conflict first broke out, a swift Russian victory was widely considered a foregone conclusion. However, the war has gone on for months with no peace deal in sight. …

Indonesia’s Former Minister of Trade: What does RCEP Mean for Indonesia?

A conversation with Gita Wirjawan, Indonesia’s Former Minister of Trade As Indonesia will likely ratify its membership of the Regional Comprehensive Economic Partnership (RCEP) in 2022, we spoke with Gita Wirjawan, former Minister of Trade of Indonesia, to explore the opportunities and challenges this agreement will bring for member countries. Wirjawan is a well-respected government official, presidential candidate …

CKGSB Professor Zhong Ling: China’s Birth Rate and the Three-Child Policy

As the most populous country, China has taken full advantage of its large workforce to become the world’s biggest manufacturer. However, in recent years, its birth rate has been decreasing and is projected to half in the next 45 years. In 2021, China updated its family planning policy to allow couples to have three children, …

RCEP: Looking Beyond Ratification

Accounting for nearly a third of the world’s population and almost 30 percent of global GDP, the Regional Comprehensive Economic Partnership (RCEP), concluded in November 2020, drew its 15 signatories from Asia Pacific into the world’s largest trading bloc. Initially conceived by ASEAN as a means of bringing its pre-existing regional trade partners together under …

[Report] China’s Economy: Its Past, Present and Future

Cheung Kong Graduate School of Business (CKGSB) launches a report, “China’s Economy: Its Past, Present and Future,” featuring eight Chinese and global experts who weigh in on the key trends and changes in China’s economic…

CKGSB Prof Ling Zhong: Challenges to China’s Aging Population

CKGSB Assistant Professor of Economics Ling Zhong on CGTN on the challenges of an aging population in China According to the 2020 once-a-decade population census, China is looking at a very different demographic scenario from when it carried out the birth control policies some four decades ago. Despite the relaxation of its one-child policy in …

CKGSB Economist Develops Dynamic Model for Reopening Strategies amid COVID-19

(Beijing, April 1, 2021) With the COVID-19 vaccine being rolled out, many local and national governments are assessing how to safely reopen their economies while curtailing the number of positive cases. Professor of Economics, Zhong Ling, at the Cheung Kong Graduate School of Business (CKGSB) has developed a model framework which takes into account multiple …

China in a World of Liquidity

This time last year, the Chinese government put the brakes on economic activity in order to put all its efforts into controlling the spread of the virus. Vigorous economic stimulus policies were retained, and the economy quickly bottomed out. By the fourth quarter of 2020, GDP growth had rebounded to 6.5%, and annual GDP growth …

Getting Bikes off the Streets Helps Bike-Sharing Firms

When I was a kid growing up on our family farm my parents often told me to do something “because it was good for me.” At the time, I often did not think it was, but now that I am older I realize they were usually right. Occasionally, the same can be said for the …

China expert: Converging trends will see tech sector expand “at full speed”

Asia House speaks with Professor Sun Baohong, Dean’s Distinguished Chair Professor of Marketing at CKGSB, about the drivers of change in China’s digital economy. China’s tech sector is expanding rapidly, with its number of unicorns – tech startups valued at more than US$1 billion – surpassing those of the US last year. And with the …

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