CEIBS China Knowledge

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Professor of Economics and Finance Xu Bin points out that China’s surprising

6.9% growth in 2017 has made it clear that US President Donald Trump’s America

First policy won’t hurt China as much as some may fear. An analysis of the data

shows that the Chinese economy has delinked from the global one, no longer

powered by external forces such as exports and inward FDI. Instead domestic

consumption is the main driving force, pushed along by new technology, a

growing services industry and urbanization. It also helps that China has a

built-in 3S advantage of scale, scope and the newest ‘s’ factor – speed.

Robert Ward, Editorial Director of The

Economist Intelligence Unit, highlights key issues that will affect the global

economy in 2018. In this March 9 address he touches on everything from global

growth, global order, Brexit, US President Donald Trump’s chances of staying in

office, as well as China, India and other emerging markets. Aptly titled “As

Good as it Gets?”, Ward’s presentation is as deep in substance as it is diverse

in the geographies covered. Xu Bin, Professor of Economics and Finance, Wu Jinglian

Chair in Economics, and Associate Dean (Research) at CEIBS follows, and

complements, Ward’s presentation. Prof. Xu provides highlights from his recent

research and original insights on geopolitical and economic analysis. The

session culminates in a Q&A session. Held at the Shanghai Campus of the

China Europe International Business School (CEIBS), the event was organised by

CEIBS Alumni International Chapter (CAIC), their first event since Chinese New

Year. The audience, some of whom joined from Africa and Europe via Facebook

live, included CEIBS MBA and GEMBA students, members of the CEIBS alumni

community, and CEIBS faculty.

CEIBS Associate Professor of International Business &

Strategy Shameen Prashantham explains how the coming together of money,

technology and people has created one of the world’s most dynamic

entrepreneurship ecosystems in China. He offers some practical examples of

successful companies that have thrived here, both homegrown startups (like the

bikesharing company Mobike) and those founded by international entrepreneurs

(Falafel Games and Zotter Chocolate). He also discusses some of the challenges

entrepreneurs face, and some universal lessons for entrepreneurs no matter

where they may be headquartered.

Prof. Prashantham’s talk was recorded at an Executive Forum at

CEIBS Shanghai Campus September 7, 2017 titled “Entrepreneurship

in China: CEIBS’ Role” which also featured a discussion with CEIBS alumni

entrepreneurs and Financial Times

Business Education Correspondent Jonathan Moules.

Read Prof. Prashantham’s Financial

Times column on start-up opportunities in China here.

He also discusses China’s dynamic entrepreneurship ecosystem in this Tech in

Asia article.

To learn more about Mobike and China’s many bike-sharing

start-ups and their overseas expansion see here

and here. 

In the coming one or two decades CEIBS Vice President and Dean Professor

Ding Yuan predicts we’ll see at least US$ 100 billion in outbound

investment each year from China. What motivates Chinese companies’ global

ambitions? Which deals make sense? What are the challenges in making these

cross-border mergers and acquisitions work?

In a talk recorded at the CEIBS Europe Forum in London on

July 6, 2017, Professor Ding shares some of the findings from more than 30 case

studies done by the CEIBS Centre for the Globalization of Chinese Companies

that explore Chinese outbound investments across a wide range of industries and

countries. As he explains in his talk, when they began their research, the

CEIBS faculty found that the frameworks for globalization followed by Western

multinationals do not apply to Chinese companies going global. Their reasons

for pursuing foreign acquisitions and joint ventures, and the way they manage

them are quite different. He explains the differences and provides some practical examples in this talk.

To learn more about CEIBS 2017 Europe Forums in London,

Paris, Munich & Warsaw, see here. 

CEIBS Associate

Dean and Professor of Economics Bala Ramasamy discusses the findings of a

research study he co-authored that looks at how trade along the six corridors

of China’s Belt & Road Initiative may be impacted by improvements in

infrastructure and customs and border administration. Professor Ramasamy’s

paper is titled “Market Integration in the BRI”.

This year CEIBS is holding a series of forums in London,

Paris, Munich and Warsaw that bring together renowned academics, business

leaders, and government officials from China and Europe to discuss the benefits

of China’s Belt & Road Initiative. Learn more about CEIBS 2017 Europe Forum

and China’s Belt & Road Initiative here.

Read Professor Bala’s columns in Caixin Global discussing

his research findings here:

Free

Trade a Hidden Key to ‘Belt and Road’ Success

3 Reasons Why China’s Belt and Road Will

Succeed

Chinese conglomerate Fosun Group’s acquisition of the French resort company Club Med, and the acquisition of the UK department store chain House of Fraser by China’s Sanpower Group are both successful examples of the unique ‘light touch’ approach that many Chinese companies take in managing their overseas acquisitions. CEIBS Vice President & Dean Ding Yuan weighs in on the benefits of this approach, and senior executives from these companies share their experiences to illustrate why it has worked in their cases. Managing Director of International Business Development at Deloitte Mr. David Percival moderates  this discussion which was recorded at the CEIBS Europe Forum in London on July 6, 2017 at a roundtable titled “Mergers & Acquisitions: Generous Returns from the Chinese Market”. For more information on CEIBS Europe Forum London (as well as the stops in Paris, Munich & Warsaw) please see here. Read more about Sanpower Group's acquisition of House of Fraser here

As China prepares to host the 2017 BRICS Summit in Xiamen September 3 to 5, CEIBS Professor of Strategy and International Business Klaus E. Meyer sat down with ARD Radio to discuss what we can expect from the Summit, and the importance of this economic alliance between Brazil, Russia, India, China, and South Africa. Visit the official website of the BRICS Summit here.

How will Brexit impact the business of Chinese companies in the UK? What are the challenges of integrating Chinese and European business cultures and practices after a cross-border M&A deal closes? How do Chinese companies learn to navigate through a foreign regulatory environment? In a lively discussion recorded at the CEIBS Europe Forum in London on July 6, 2017, senior executives from Alipay, NVC Lighting UK, Industrial and Commercial Bank of China (London) Plc, and the London Taxi Company discuss the challenges Chinese companies face when going global, and share practical examples of how their companies have solved them. The Roundtable is titled “Greenfield Investment: Creating Value for Win-Win Outcomes”. For more information on CEIBS Europe Forum London (as well as the stops in Paris, Munich & Warsaw) please see here.

CEIBS Professor of Finance Cong Wang and his co-authors, Prof. Jarrad Harford of University of Washington and Kuo Zhang of Xiamen University, looked at a sample of US-listed multinational firms that disclose their foreign cash holdings. The findings show that the more cash a firm holds overseas, the lower shareholders value that cash. The researchers also found that firms with large cash holdings overseas tend to under-invest domestically and over-invest abroad. Read more about Prof. Cong Wang's research on this topic here.

CEIBS Professor of Marketing Jeongwen Chiang takes us on a deep dive into China’s sharing economy. Among the topics he explores: why China’s sharing economy is among the most advanced and innovative in the world, which sharing platforms are most popular right now with Chinese millennials, and what criteria venture capital investors use to evaluate sharing economy start-ups.This podcast was recorded during a session at the CEIBS Center for Emerging Market Studies Corporate Roundtable Discussion held on April 11, 2017 at our Shanghai Campus.  You can find a complete event agenda here. Learn more about the CEIBS Center for Emerging Market Studies here.