China's commerce minister is confident Beijing will hit its 7.5% growth target in 2014. While CKGSB professor Bingsheng Teng believes the country can meet that target, he tells Ramy Inocencio of Wall Street Journal why the fluctuation of the yuan could derail growth.
“Copycat strategy has led the Chinese industrial innovation”, said CKGSB Professor Teng Bingsheng at the 5th Asia Leadership Conference on March 4th in Seoul. He explained that “the technologies learned from the overseas products over the last 20-30 years has become a shortcut to our innovation”. Yet, Professor Teng commented that controversy still remains over the breach of intellectual property rights. Professor Teng highlighted that the Chinese government is putting much effort into creating a creative economy such as that of Korea. He also pointed to Samsung as one of the role models for both the Chinese private and public sectors since it reflects GE’s product diversity, Apple’s product innovation, and manages a close relationship with the government.
Beijing, December 17, 2013 - Upon the launch of the China (Shanghai) Pilot Free Trade Zone (“SHFTZ”), CKGSB collaborated with KPMG to hold a breakfast seminar with senior executives of Japanese companies in Beijing on December 17, 2013. The purpose of this seminar was to clarify the opportunities and challenges that foreign multinational companies may experience in the zone. Shedding light on the implications of SHFTZ were two distinguished speakers, CKGSB Associate Dean and Professor of Finance Chen Long and KPMG’s William Zhang. The highlights of their insights are summarized below.
Wall Street Journal’s Richard Silk interviews Professor Li Wei on his views regarding GDP target-setting. Is this planning “formality” actually detrimental to China’s long-term growth and sustainability?
On the heels of the global economic recession, China can no longer depend solely on its export market to sustain growth. Professor Li Wei, CKGSB professor, explains that China now needs to target domestic consumers. The Chinese government is also becoming increasingly aware of this phenomenon and plans to prioritize domestic market expansion. For Korean companies wishing to enter China, Professor Li advised them to target sectors where Korean companies are highly reputed for.
Fosun (復星國際) is well-known for its four co-founders who graduated from Fudan University in Shanghai. It’s leading contributor, who has grown the company into the biggest private investment firm in China, is ‘Guo Gwangchang(郭廣昌)’. Ryang ShinJin (梁信軍), a CKGSB MBA alum, has just been appointed to work alongside Mr. Guo. CKGSB has been highly appreciated as one of the prominent business schools in China.
Changes in China will bring increased opportunities for UK businesses according to a director of China’s largest independent business school. Neil Selby, who is Director of Executive Education at Cheung Kong Graduate School of Business (CKGSB), was in Oxford to address business leaders at a conference held by Unipart, the manufacturing, logistics and consultancy group.
At the end of 2013, the People’s Bank of China indicated that the country’s foreign exchange reserves are now big enough. To find out what this means the FT’s Emma Boyde talks to Li Haitao, professor of finance and associate dean for the MBA programme at Cheung Kong Graduate School of Business.
Keen for young entrepreneurs to be given exposure to one of the World’s fastest growing economies, Sir Tom Hunter talks Hunter Scholars – a $100 000 apiece investment allowing two European entrepreneurs to study for a world-class MBA at CKGSB in Beijing. Sir Tom admits plans for future investment in China, and his admiration for Li Ka Shing.
Sanya, January 9, 2014 –CKGSB Holds 2014 Sanya Forum & Celebrates 10th Anniversary of Executive Education (EE) Program
Korean Scholarship Students from Incheon Global Leadership School Learn Chinese Educational Vision for Global Business Management Incheon City announced its intention to foster future business leaders and establish the ‘Incheon Global Leadership School’, Korea’s first public scholarship foundation. The city provided scholarships to 27 Korean students and gave them an opportunity to learn and experience China’s vision towards education. Recognizing and supporting Incheon City’s efforts, CKGSB planned a customized training program for the students and hosted various sessions. The program became a cornerstone for the Korean students to learn China’s vision and daring efforts towards education and developing themselves into future global leaders.
CKGSB Professor Zhu Rui -“Ambient Noise Helps Creative Cognition” Rather than studying in a quiet setting, doing so in a coffee shop bustling with ambient noise may actually help trigger creativity. ‘Coffitivity’, one of most influential smartphone apps of 2013, is based on CKGSB Professor Zhu Rui’s dissertation, ‘Is Noise Always Bad? Exploring the Effects of Ambient Noise on Creative Cognition’, which explores this very topic. Professor Zhu is one of the most promising scholars known for her studies on environmental cues and their effects on consumer behavior. Apart from studies on the ambient noise effect, Professor Zhu has also studied various environmental factors that also influence consumer cognition.
