China’s consumer spending: 5 hurdles and a glimpse of optimism
China, the world’s second-largest economy, has lately been a focal point of global economic discussions, particularly in the context of consumer spending. As of August 2023, consumer spending in China has shown signs of recovery after a tepid July, with marked increases in sales across various sectors such as apparel, automotive, food, furniture and appliances, […]
An illustration of the complexity of the Chinese economy
As China rapidly becomes a world leader, the Western press has always tried to put the country’s economy in a bad light. This often involves highlighting the negative aspects of the Chinese economy. However, this vision generates a distorted perception of China’s real development. Besides, these opinion does not match with the reality of facts, […]
How the Zero-COVID lockdown impacted the Chinese economy
The COVID-19 pandemic has caused not only a public health crisis, but also an economic crisis across the globe. According to the International Monetary Fund, the median global GDP dropped by 12% from 2019 to 2020. When Omicron became the dominant variant, most countries started loosening their restrictions as the new variant is less deadly, […]
The fall of Evergrande: How the Chinese economy might be affected by the possible bankruptcy of this real-estate giant
Evergrande Real Estate Group was established in 1997 in Guangzhou, China. In 2016 it had more than 500 real estate projects in China in more than 180 cities, which made it the world’s largest real estate company. The group is also engaged in investment in sports parks, electric vehicles, and has stakes in food and […]
China’s street vendor economy: A band-aid or permanent solution for post-COVID-19 unemployment?
China’s street vendor economy transfers earnings from the store owners to lower-income people. In contrast to the blue-ocean strategy, which creates significant economic value with innovative or disruptive solutions, street vendors use existing business models while cutting operation costs. It will not make people rich, but it is effective at turning unemployed people into self-employed […]
Open Innovation: Transforming your Business in China
Open innovation (OI) is the process of integrating external expertise into the innovation processes of a company or organization. The overall purpose of implementing an open innovation strategy is for companies to take advantage of external ideas, resources, and market channels in order to advance their own technology and products. It essentially enhances a firm’s […]