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09.02.15

What Is China’s Big Parade All About?

Pamela Kyle Crossley, Richard Bernstein, John Delury, M. Taylor Fravel
On September 3, China will mark the 70th anniversary of its World War II victory over Japan with a massive parade involving thousands of Chinese troops and an arsenal of tanks, planes, and missiles in a tightly choreographed march across Tiananmen...

Caixin Media

09.01.15

Quantum Computing and Alibaba’s Leap of Faith

Building a quantum computer that processes data at speeds trillions of times faster than the world’s fastest computer, China’s supercomputer Tianhe-2, is the goal of a potentially game-changing venture launched by Alibaba Group Holding Ltd. and the...

Books

08.27.15

China’s Disruptors

Edward Tse
In September 2014, Chinese e-commerce giant Alibaba raised $25 billion in the world’s biggest-ever initial public offering. Since then, millions of investors and managers worldwide have pondered a fundamental question: What’s really going on with the new wave of China’s disruptors?Alibaba wasn’t an outlier—it’s one of a rising tide of thriving Chinese companies, mostly but not exclusively in the technology sector. Overnight, its founder, Jack Ma, appeared on the same magazine covers as American entrepreneurial icons like Mark Zuckerberg. Ma was quickly followed by the founders of other previously little-known companies, such as Baidu, Tencent, and Xiaomi.Over the past two decades, an unprecedented burst of entrepreneurialism has transformed China’s economy from a closed, impoverished, state-run system into a major power in global business. As products in China become more and more sophisticated, and as its companies embrace domestically developed technology, we will increasingly see Chinese goods setting global standards. Meanwhile, companies in the rest of the world wonder how they can access the fast-rising incomes of China’s 1.3 billion consumers.Now Edward Tse, a leading global strategy consultant, reveals how China got to this point, and what the country’s rise means for the United States and the rest of the world. Tse has spent more than twenty years working with senior Chinese executives, learning firsthand how China’s most powerful companies operate. He’s an expert on how private firms are thriving in what is still, officially, a communist country. His book draws on exclusive interviews and case studies to explore questions such as:What drives China’s entrepreneurs? Personal fame and fortune—or a quest for national pride and communal achievement?How do these companies grow so quickly? In 2005, Lenovo sold just one category of products (personal computers) in one market, China. Today, not only is it the world’s largest PC seller; it is also the world’s third-largest smartphone seller.How does Chinese culture shape the strategies and tactics of these business leaders? Can outsiders copy what the Chinese are doing?Can capitalists really thrive within a communist system? How does Tencent’s Pony Ma serve as a member of China’s parliament while running a company that dominates online games and messaging?What impact will China have on the rest of the world as its private companies enter new markets, acquire foreign businesses, and threaten established firms in countless industries?As Tse concludes: “I believe that as a consequence of the opening driven by China’s entrepreneurs, the push to invest in science, research, and development, and the new freedoms that people are enjoying across the country, China has embarked on a renaissance that could rival its greatest era in history—the Tang dynasty. These entrepreneurs are the front line in China’s intense hunger for success. They will have an even more remarkable impact on the global economy in the future, through the rest of this decade and beyond.” —Portfolio/Penguin{chop}

Caixin Media

07.27.15

Tech Takeoff Lifts Drone Industry to New Heights

A tech evolution and falling production costs have allowed drones to make the flight off military bases and Hollywood production lots to the hands of ordinary people and government agencies.It has become routine to see these small unmanned aerial...

Conversation

07.08.15

Are China’s Limits on Greenhouse Gas Emissions Meaningful?

Barbara A. Finamore, Sam Geall, Angel Hsu, Joanna Lewis, Li Shuo, Michael Zhao
Last week, Premier Li Keqiang said China would cut its “carbon intensity”—the amount of carbon dioxide emitted per unit of GDP—to 60-65 percent of 2005 levels by 2030. Visiting Paris, the site in September of the United Nations Climate Change...

Media

06.26.15

‘Why Do Chinese Lack Creativity?’

Bethany Allen-Ebrahimian
On June 19, the University of Washington and elite Tsinghua University in Beijing announced a new, richly funded cooperative program to be based in Seattle and focused on a topic that has become a sore point in China: innovation. Republican...

China’s Controversial Technology Partnership with South Africa

Eric Olander, Cobus van Staden
The Chinese and South Africa governments have signed a pact, or a “plan of action,” where Beijing will provide a broad array of technology training, skills transfer, and ICT (information and communications technology) development for South Africa’s...

Caixin Media

06.04.15

China Uses Drones to Monitor Pollution Problems from Above

China’s environmental regulators want to increase the use of drones watching pollution levels, supplementing the existing monitoring system.In the central city of Wuhan, drones were sent to urban areas to inspect emissions from chimneys that are...

Environment

05.21.15

China’s Role in Illegal Trade of Toxic E-Waste Rising Sharply

Discarded smartphones and other gadgets are poisoning the environment and people in developing countries, where most of the world’s electronic waste (e-waste) is being dumped illegally and now involves criminal gangs, the UN’s environment arm warned...

Environment

05.20.15

Can China Really Meet Its Clean Energy Goals? And How?

Jill Baker
China is the world’s largest energy consumer, and its energy use is dirty and inefficient. But it is working hard to change that. Currently, coal accounts for nearly 70 percent of China’s total energy consumption, and this, coupled with an aging...

Books

05.19.15

No Ordinary Disruption

Richard Dobbs, James Manyika, Jonathan Woetzel
Our intuition on how the world works could well be wrong. We are surprised when new competitors burst on the scene, or businesses protected by large and deep moats find their defenses easily breached, or vast new markets are conjured from nothing. Trend lines resemble saw-tooth mountain ridges.The world not only feels different. The data tell us it is different. Based on years of research by the directors of the McKinsey Global Institute, No Ordinary Disruption: The Four Forces Breaking All the Trends is a timely and important analysis of how we need to reset our intuition as a result of four forces colliding and transforming the global economy: the rise of emerging markets; the accelerating impact of technology on the natural forces of market competition; an aging world population; and accelerating flows of trade, capital, and people.Our intuitions formed during a uniquely benign period for the world economy—often termed the Great Moderation. Asset prices were rising, cost of capital was falling, labor and resources were abundant, and generation after generation was growing up more prosperous than their parents.But the Great Moderation has gone. The cost of capital may rise. The price of everything from grain to steel may become more volatile. The world’s labor force could shrink. Individuals, particularly those with low job skills, are at risk of growing up poorer than their parents.What sets No Ordinary Disruption apart is depth of analysis combined with lively writing informed by surprising, memorable insights that enable us to quickly grasp the disruptive forces at work. For evidence of the shift to emerging markets, consider the startling fact that, by 2025, a single regional city in China—Tianjin—will have a GDP equal to that of the Sweden, or that, in the decades ahead, half of the world’s economic growth will come from 440 cities including Kumasi in Ghana or Santa Carina in Brazil that most executives today would be hard-pressed to locate on a map.What we are now seeing is no ordinary disruption but the new facts of business life—facts that require executives and leaders at all levels to reset their operating assumptions and management intuition.—PublicAffairs{chop}

Books

04.30.15

Fantasy Islands

Julie Sze
The rise of China and its status as a leading global factory are altering the way people live and consume. At the same time, the world appears wary of the real costs involved. Fantasy Islands probes Chinese, European, and American eco-desire and eco-technological dreams, and examines the solutions they offer to environmental degradation in this age of global economic change.Uncovering the stories of sites in China, including the plan for a new eco-city called Dongtan on the island of Chongming, mega-suburbs, and the Shanghai World Expo, Julie Sze explores the flows, fears, and fantasies of Pacific Rim politics that shaped them. She charts how climate change discussions align with U.S. fears of China’s ascendancy and the related demise of the American Century, and she considers the motives of financial and political capital for eco-city and ecological development supported by elite power structures in the U.K. and China. Fantasy Islands shows how ineffectual these efforts are while challenging us to see what a true eco-city would be. —University of California Press{chop}

Caixin Media

04.28.15

Saudi Aramco’s Al-Falih on China Collaboration

Saudi Arabian Oil Company President and CEO Khalid A. Al-Falih has seen global oil prices rise and fall through at least six market cycles during his more than 30 years with the world’s largest crude producer and exporter.Al-Falih, 55, joined the...

Viewpoint

04.22.15

Will China’s New Anti-Terrorism Law Mean the End of Privacy?

Scott D. Livingston
A newly drafted Chinese anti-terrorism law, if enacted in its current form, will empower Beijing to expand its already nearly unchecked policing of the Internet to reach web traffic and other online data flows emanating from both domestic and...

Media

04.21.15

This Chart Explains Everything You Need to Know About Chinese Internet Censorship

David Wertime
What goes through a Chinese web user’s head the moment before he or she hits the “publish” button? Pundits, scholars, and everyday netizens have spent years trying to parse the (ever-shifting) rules of the Chinese Internet. Although Chinese...

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