When the Chinese Communist Party’s central committee wraps up the Third Plenum on November 12, 2014, a shift from efficiency to innovation will likely be one of the major planks in its vision for China. The government’s imperatives are clear.…..…
It’s proving to be an eventful year for AirAsia, the Kuala Lumpur-based airline that has emerged as Asia’s most successful low-cost carrier in recent times. The last 12 months have seen the collapse of AirAsia Japan, a once-promising joint venture between AirAsia and Japan’s ANA, and the birth of AirAsia India, an alliance between the company and India’s Tata Group.…..…
Tesco’s recent decision to transfer its retail operations in China to a joint venture controlled by China Resources, a local state-owned enterprise, is just the latest example of a prominent Western retailer that has stumbled in China……..…
Given the U.S. economy’s sustained recovery, it is all but certain that the Federal Reserve will start to reduce bond-buying later this year and end it completely sometime in 2014. As real U.S. interest rates inch up, investors are pulling money back from emerging markets……..…
In 2000, Chrysler’s then president, James Holden, traveled to India to study the market. Upon returning to Detroit, he summarized his visit with the remark: “Call me when (India has) built some roads,” according to Forbes correspondent Robyn Meredith in her 2007 book The Elephant and the Dragon..…..…
Exploding watermelons, toxic peanuts, and contaminated rice are just some of the food hazards that routinely bedevil Chinese consumers. The risks of contamination are particularly far-reaching in the case of milk, since more than 70 percent of Chinese mothers rely on baby formula rather than breast milk to feed their babies..…..…
Caterpillar has a well-earned reputation as a global technology leader, having done a masterful job diversifying from its main construction equipment business into mining equipment, heavy-duty engines, electric power generation, and locomotives. Yet when it comes to performance in China, the world’s largest market for its products and services, Caterpillar seems to be floundering….…..…
In our previous column (“Corporate Strategies for A Slowing China, Part 1”), we argued that the slowdown in the Chinese economy is structural, not cyclical. In this column, we look at what these structural shifts mean for multinational companies’ strategies in China. We focus not on the upcoming 12 months but on the next five to 10 years, the relevant time frame for major strategic decisions……..…
Global chief executive officers should stop praying for a miracle in China. As the investment- and export-driven boom of the last 15 years comes to an end, the days of double-digit annual growth in gross domestic product are over. Depending on the pace and nature of economic and institutional reforms, the new normal for GDP growth will be somewhere in the 6 percent to 7 percent range…..…..…
If you’re among the many multinational CEOs planning to appoint a local executive as your next country head in an emerging market such as Brazil, China, or India, you may want to think again……..…
@anilkgupta