Roles. Dachuan: A 21-year-old American student, Dachuan is studying Chinese in a language university.
He is bright and optimistic. He's curious. Everything in China is fresh to him. He likes adventure, and dares to try. While his disadvantages are that he is slipshod, careless and sloppy. Sichuan inks eight MOUs with Singapore｜WantChinaTimes.com. Sichuan vice governor Gan Lin at the 16th Singapore-Sichuan Trade and Investment Committee meeting in Singapore, April 20.
(Photo/Xinhua) Southwestern China's Sichuan province inked eight agreements with Singapore on Monday covering the infrastructure and logistics sectors. Mao's Great Famine HDTV great leap foward, history of china.
Sourcing Goods and Suppliers in China: 8 Common Mistakes U.S. Companies Make. The world of rice- Nikkei Asian Review. Urbanites Flee China’s Smog for Blue Skies. She finished her run one morning beneath cloudless blue skies and sat down with a visitor from Beijing in the lakeside boutique hotel started by her and her husband.
“I think luxury is sunshine, good air and good water,” she said. “But in the big city, you can’t get those things.” More than two years ago, Ms. Lin, 34, and her husband gave up comfortable careers in the booming southern city of Guangzhou — she at a Norwegian risk management company, he at an advertising firm that he had founded — to join the growing number of urbanites who have decamped to rural China. One resident here calls them “environmental refugees” or “environmental immigrants.” Ten forces forging China’s future.
In early June 2013, several hundred of the world’s leading CEOs gathered in Chengdu, China, and discussed that country’s rapidly evolving business environment: growth is slowing and wages are climbing just as a new upper middle class emerges, a new wave of innovation rises, and a new generation of leaders steps to the fore.
Executives at this year’s Fortune Global Forum, in Chengdu, were reading “China’s next chapter,” a special edition of McKinsey Quarterly, now available in digital form. What follows here is a snapshot of highlights and takeaways: ten critical issues that will be facing China during the years ahead and what they mean for you. Read it on its own. Or follow the links to delve deeper on individual topics. 1. A business event examining China's economy, politics and society.
Forecasting China. I started writing lists of what might happen in China seven or eight years ago.
At first, they were just for me—a way of organizing my own thinking in early January for the 12 months ahead. Then I began to post some of the more interesting ideas on the blog I write for McKinsey colleagues. Four years ago, when my publishing colleagues suggested I share my predictions externally—first in English, then in English and Chinese—the stakes rose significantly. China's financial coming-of-age - hofmannalbrecht - Gmail. China Prepares for Slower Economic Growth - Newsweek and The Daily Beast.
China’s next chapter: Tech, manufacturing, and innovation. Digital innovation looks set to drive China’s future productivity growth as companies there absorb the lessons of successful enterprise IT programs elsewhere in the world, capture opportunities to exploit “big data,” and reinvent operating processes to increase efficiency.
The relative scarcity of big legacy IT systems, the high penetration of mobile devices, and the wide popularity and use of social media are all advantages on which the country can build. Manufacturers in particular must rapidly adapt to rising labor costs, growing volatility, more complex value chains, and increasingly sophisticated consumers. The good news, as McKinsey partners Karel Eloot, Chris Ip, Gordon Orr, and Michael Wang point out in this video, is that skill levels are rising; obsolete technology is being replaced; investment in new infrastructure is attracting scientists to centers of excellence in biotech, electronics, and pharma; and businesses are developing new approaches to organizing R&D.
A new era for manufacturing in China. China’s emergence as a manufacturing powerhouse has been astonishing.
In seventh place, trailing Italy, as recently as 1980, China not only overtook the United States in 2011 to become the world’s largest producer of manufactured goods but also used its huge manufacturing engine to boost living standards by doubling the country’s GDP per capita over the last decade. That achievement took the industrializing United Kingdom 150 years.
Today, however, China faces new challenges as economic growth slows, wages and other factor costs rise, value chains become more complex, and consumers grow more sophisticated and demanding. Moreover, these pressures are rising against the backdrop of a more fundamental macroeconomic reality: the almost inevitable decline in the relative role of manufacturing in China as it gets richer. Competitiveness, of course, is a broad term that can confuse more than clarify. Four challenges Rising factor costs. China’s New President Sets Up a Potential Showdown, With Himself. Ng Han Guan/Associated Press Police officers outside the People’s Bank of China, the country’s central bank, in Beijing.
The bank eased up on a cash squeeze Friday, a day after interest and interbank lending rates soared. The country’s new leader, Xi Jinping, has ignited expectations of bold economic liberalization, but he has also cast himself as a resolute defender of Communist Party control, leaving even insiders uncertain about how far he will push changes that could strain the webs of state patronage and unsettle the stability that he and many other officials also prize. The changes proposed by some Chinese officials include rolling back certain state controls on prices of energy and natural resources, encouraging private business in industries long dominated by state conglomerates and bringing more market competition into the financial sector.
Mr. China's urbanization imperative - hofmannalbrecht - Gmail. The Re-shoring Debate: Sentiment or Hard Numbers? The Re-shoring Debate: Sentiment or Hard Numbers?
By: Robert J. Bowman, SupplyChainBrain | June 17, 2013 According to the latest survey by AlixPartners, LLP, the U.S. is already equal to Mexico in â€œattractivenessâ€ as a place to make product that was previously sourced in China. In terms of hard numbers, itâ€™s on track to achieve cost parity with imports from China by 2015.
The comparison, of course, is based on more than just labor rates. Donâ€™t expect production for all sorts of goods to shift from China to the U.S. overnight. China’s Great Uprooting - Moving 250 Million Into Cities. Mao in the Middle. Jason Lee/Reuters SHANGHAI — “Andy Warhol: 15 Minutes Eternal” is the largest collection of the artist’s works ever to appear in Asia.
The two-year tour, which has already had stops in Hong Kong and Singapore, is now showing in Shanghai at the recently opened state-run Power Station of Art — minus Warhol’s iconic silkscreen paintings of Mao. It’s unclear whether those portraits were kept out of the exhibit at the authorities’ explicit request or because of self-censorship on the organizers’ part. Either way, their absence reveals an acceptance of the Chinese leadership’s continuing effort to protect the use of its founding father’s image.
Warhol’s Mao paintings are “provocatively colored” and “stretch the official acceptance too far,” according to an editorial in the nationalist Global Times newspaper. Willy Lam, a Hong Kong-based political analyst, told me this week that Mao has the status of “a demigod,” and one cannot be “allowed to make a portrait of God. China outsources pollution to poorer regions. China's growing wealth has produced a paradox of sorts: it now outsources carbon pollution within its own borders just as wealthier countries have done with China. A study published on Monday in the Proceedings of the National Academic of Sciences of the United States of America (PNAS) examined how less developed regions of China are now bearing the brunt of CO2 pollution to make consumer goods for its more cosmopolitan eastern coastal region.
About 57% of CO2 emissions in poorer provinces can be attributed to the manufacturing of goods that are consumed elsewhere in the country, the study says. Mapping China’s middle class. The explosive growth of China’s emerging middle class has brought sweeping economic change and social transformation—and it’s not over yet. By 2022, our research suggests, more than 75 percent of China’s urban consumers will earn 60,000 to 229,000 renminbi ($9,000 to $34,000) a year. In purchasing-power-parity terms, that range is between the average income of Brazil and Italy. Just 4 percent of urban Chinese households were within it in 2000—but 68 percent were in 2012. In the decade ahead, the middle class’s continued expansion will be powered by labor-market and policy initiatives that push wages up, financial reforms that stimulate employment and income growth, and the rising role of private enterprise, which should encourage productivity and help more income accrue to households.
Should all this play out as expected, urban-household income will at least double by 2022. China's rising consumer class - hofmannalbrecht - Gmail. Language borrowing: Why so little Chinese in English? 徐守盛:精心组织毛主席诞辰120周年纪念活动，振奋精神加快发展 - 滚动新闻 - 湖南日报网 - 华声在线. 徐守盛在韶山专题考察调研时要求. Mao's birthday: Party time. June Highlights: China's great rebalancing - hofmannalbrecht - Gmail. The United States and China need to overcome mutual misunderstandings. Wesley Clark is a retired Army general and former supreme allied commander of NATO. He is a fellow at the Burkle Center for International Relations at UCLA. P resident Obama’s talks with Chinese President Xi Jinping should mark the United States’ true “pivot” to Asia — and it can’t come soon enough.
China is more powerful than many Americans realize, and it is on a trajectory to become even more capable. At the same time, the Chinese may underestimate or misread us. China’s great rebalancing: Promise and peril. Every March, coverage of the annual session of China’s National People’s Congress (NPC)—the country’s equivalent of the US Congress, though without the filibusters and fiery speeches—saturates the media. This year’s NPC was significant: March 14th formally marked the country’s once-per-decade transition of power, this time from President Hu Jintao and Premier Wen Jiabao to Xi Jinping and Li Keqiang, respectively.
Yet just a day later, another event with huge implications unfolded to little front-page coverage. The Wuxi subsidiary of Suntech Power, one of the world’s largest producers of solar panels, defaulted on a bond payment of more than $500 million. The company, once praised and feared by Western analysts, went into technical bankruptcy. The woes of Wuxi Suntech and its counterparts in other industries exemplify the massive policy challenges that will confront China’s new leaders in the next decade. Winners and losers in China’s next decade. It is not enough for global businesses to know that in coming years China’s economy will move away from an overreliance on investment and toward more consumption. They also must know that the potential costs and benefits of rebalancing the world’s second-largest economy are high and will affect industries not only domestically but also around the world.
The degree of impact depends largely on the policies that Beijing chooses to implement. While China’s leadership—under both President Xi Jinping and his predecessor, Hu Jintao—has made it clear that it understands the risks of rebalancing, the process won’t be easy. Companies must be ready. The reason for rebalancing is obvious. 1. China’s Economic Empire. Alkis Konstantinidis/European Pressphoto Agency A heavy load carrier moored at the terminal of the Chinese shipping company Cosco, carrying five cranes for the expansion of the terminal in Piraeus, Greece. Europeans and Americans tend to fret over Beijing’s assertiveness in the South China Sea, its territorial disputes with Japan, and cyberattacks on Western firms, but all of this is much less important than a phenomenon that is less visible but more disturbing: the aggressive worldwide push of Chinese state capitalism.
By buying companies, exploiting natural resources, building infrastructure and giving loans all over the world, China is pursuing a soft but unstoppable form of economic domination. Xi Jinping’s ‘Chinese dream’ and the rule of law. But the speech left analysts guessing about what sort of rejuvenation — also translated as “revival” or “renaissance” — the new leader has in mind. Presumably President Obama will be looking for clues when he meets with Xi later this week in California. Does Xi mean a “Chinese dream” of prosperity, as the “American dream” is often interpreted — a promise to continue the historic progress of the past three decades in moving people from poverty into the middle class? China: Fantasie stört den Lehrplan. Großstädte: Chinas Landschaften aus Glas und Beton. Niall Ferguson: "Wir nähern uns einem Zustand des Stillstands"
Niall Ferguson : Wir löschen unseren Erfolg Seite 3/3: Im Laufe des 19. Jahrhunderts und Anfang des 20. Why China isn’t taking American trash anymore. Quick, what's the biggest U.S. export to China? Could China Be Getting Serious About Quality, Safety of Food Produced There? More Scares Ahead After China's Rat Meat Scandal. And you thought Europeans had problems with their horse meat scandals. In China, consumers have to worry about getting served rat meat for dinner. That’s the latest frightening food-safety scare from China, where the government is determined to show weary Chinese consumers the system can protect them from hazardous products.
The Chinese dream: The role of Thomas Friedman. China Needs Its Own Dream. Helmut Schmidt: Besuch bei einer Weltmacht. Wie soll sich der Westen mit Blick auf Chinas Aufstieg verhalten? Ein neues Buch von Helmut Schmidt gibt Antwort. Ein Vorabdruck.