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. […]

By Li Wei (Professor of Economics and Associate Dean, CKGSB) and Zhu Yunhai (Researcher, CKGSB)   Li Wei is Professor of Economics, Associate Dean for Asia and Europe, Director of Case Research Department and Director of Big Data Economic Research Department at CKGSB. Zhu Yunhai is a researcher at the CKGSB Case Centre. One of […]

Li Wei, a professor of Economics at CKGSB, wrote a column on diagnosis and in-depth analysis of China and global economic recovery in ‘Insight’ section of Chosun Ilbo Weekly Biz on Mar. 18. In his column, Prof. Li forecasted that a robust growth rate for China will be above 6% in the next few years and biggest obstacles for economic growth would be corporate and household debt. He gave his opinion that additional spending on infrastructure and structural reform by Chinese government are needed for the solution of these crisis.

The CKGSB Business Conditions Index shows that companies are expecting the Chinese economy to encounter some difficulties in the coming six months. In July 2015, the CKGSB Business Conditions Index (BCI) registered 51.5, a drop on June’s index of 55.6, and now only just above the confidence threshold of 50 (Figure 1). In May 2015, […]

The BBC interviewed CKGSB Professor of Finance Li Wei regarding Alibaba’s importance and potential, as Jack Ma officially stepped down as CEO on May 10th.

CKGSB Professor of Economics Li Wei completed a full media tour of London to introduce his Business Conditions Index (BCI) to a European audience, before discussing the prospects for China’s economy and its impact on global businesses to a packed crowd at London’s iconic Ritz Hotel.

China is no longer resting on its ‘Made in China’ laurels. These days, China’s main economic driver is the ICT industry, including smartphone manufacturers and gaming firms, as well as the e-commerce and internet search market sectors. CKGSB Professor Li Wei said, “To highlight Chinese ICT companies’ common reasons for success, their customer-oriented businesses have correctly anticipated what a good portion of Chinese customers want and have strived to serve them. A significant percentage of Chinese customers are well-educated, but their income is not as high as their western counterparts. They want smartphones that have high-end specs, incorporate the latest designs and best implement software elements. Some of them have the technical skills to redesign or tinker with a phone's hardware and software. This has given rise to Xiaomi, whose business model is fundamentally different from global brands such as Samsung and Apple.”

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.

On Aug 11, Li Wei, Professor of Economics at CKGSB, was interviewed by Fortune Korea for an in-depth coverage on “specialized wholesale markets” in Zhejiang, China. Li Wei explained the reasons for these markets’ success, strengths and the challenges they will be facing in the rapidly changing Chinese business environment.

On July 31, 2013, Dr. Li Wei, professor of economics at the Cheung Kong Graduate School of Business (CKGSB), received the prestigious “Best Professor in Economics” award by the World Education Congress, CMO Asia and CMO Council at the fourth annual Asia’s Best B-School Awards event in Singapore.