Tuesday, March 26, 2019

Still room for premium retail in China - Ben Cavender

Ben Cavender
A glut in big cities and some high-profile failures like Mark&Spencer have raised doubts on the growth possibilities in China for premium brands. But there is still room for growth, if you pick your locations right, says retail expert Ben Cavender to the China Daily.

The China Daily:
According to Euromonitor International data, revenue of department stores in China grew from $153.3 billion in 2014 to $159.57 billion last year, but it forecast the same to fall to $148.49 billion by 2023 after peaking in 2020 at $160.2 billion. 
"I think there is still a feeling among high-end retail operators that there is room for more premium retail in China. While some may argue that commercial retail space is overbuilt in China, there are still opportunities for developers to select underserved locations," said Ben Cavender, principal of Shanghai-based China Market Research Group. 
In the past decade, some major multinationals have been incredibly successful in China. However, the exit of brands like UK-based Marks&Spencer from China in 2017 are a good example of what global department store owners should not do, he said. 
M&S initially sold the same apparel in China that it was selling in other markets leading to confusion among Chinese consumers who could not figure out sizes or read price tags. They also did not have a clear understanding of who was actually shopping at their stores. M&S wanted to be selling to Chinese millennial women but most of their customers were 10-20 years older and hunting for bargains rather than brands, said Cavender.
More in the China Daily.

Ben Cavender is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' requests form.

Are you looking for more experts on managing your China risk at the China Speakers Bureau? Do check out this list.  

Monday, March 25, 2019

Stellar growth over for Tencent - Matthew Brennan

Add caption
Growing used to be easy for Tencent and other Chinese IT giants, as mobiles proliferated and consumers got used to the internet. But, as the limited growth by Tencent showed last week, the company has to diversify its key games asset into other industries and global expansion, says Tencent watcher Matthew Brennan to the South China Morning Post.

The South China Morning Post:
Tencent’s roller-coaster year also took place as China’s technology giants came of age. Baidu, Alibaba Group Holding and Tencent – the trio of internet companies that has come to represent Chinese Big Tech – are all around 20 years old and have expanded their presence beyond China's shores.
“We’re coming to the tail end of a decade of gangbuster high growth due to the mobile revolution,” said Matthew Brennan, managing director of consultancy China Channel. “The incremental increases in number of users and time spent online per person is getting less and less. All the low-hanging fruit is long gone.”
He said the business-to-business market “is an area many technology companies, both in the US and China, feel holds more opportunities for growth”.
More in the South China Morning Post.

Matthew Brennan is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more internet experts at the China Speakers Bureau? Do check out this list.  

Tuesday, March 19, 2019

Prada tries to become again relevant for the China consumer - Ben Cavender


Getting traction from Chinese consumers is increasingly becoming harder for brands. Prada has been investing in its relationship, but has a hard time to become relevant again for their key consumers, says retail analyst Ben Cavender to CNN.

CNN:
China is one of the world's biggest markets for luxury goods, and Chinese shoppers at home and abroad make up almost a third of purchases globally, according to McKinsey.
As the value of China's currency has declined, "consumers just haven't been buying as much overseas this year," said Ben Cavender, an analyst at China Market Research.
The lackluster results come at a turbulent time for Prada. The Italian fashion house's stock price has fallen more than 36% over the last year...
Analysts say that Prada has fallen behind its competitors. They say it hasn't invested enough to create a unique experience for customers and hasn't rolled out new products fast enough to create buzz. 
The company is working to put this right, but it has some catching up to do to compete with brands like Gucci, which is owned by French luxury group Kering (KER).
"Both Kering and LVMH have been able to invest very heavily into store renovations, visual merchandising, and digital strategy in China which has made it easier for them to generate mainland China sales," said Cavender. "Prada was behind the curve."... 
Prada has made some inroads over the last year. Cavender notes that the company "has been more aggressive with product launches," and it recently relaunched a website for one of its most popular brands, Miu Miu, in Europe.
More at CNN.

Ben Cavender is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on China's consumers? Do check out this list.  

Why US companies start to copy Chinese apps - Sara Hsu

Sara Hsu
Chinese apps like Tiktok and WeChat make inroads into the US, and American companies start to copy their features. Fintech analyst Sara Hsu says fierce domestic competition makes those apps better than what we know outside China, as younger generations like their lives through apps. So, if they do well, they can cater for much more than only chitchat, she tells at CGTN.

Sara Hsu is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on innovation at the China Speakers Bureau? Do check out this 
list

Monday, March 18, 2019

Labor market is down, and consumer market follows - Shaun Rein

Shaun Rein
Shaun Rein, Shanghai-based author of the bestseller, The War for China's Wallet: Profiting from the New World Order, has for a long time been a bull on China's economy. But now he sees the labor market going downhill, and consumer appetite following suit, he tells in Forbes.

Forbes:
Q. What’s your take on China’s economy? 
A. It’s much weaker than people realize. Labor markets are bad. Starting in October, it became very difficult for even kids from top universities like Stanford and Columbia to get jobs.  When we started our business in 2005, they would graduate from the U.S. in June, they looked for a visa in the United States for three or four months, couldn't get one, and then came back to China. It used to take me a week in order for me to hire someone. I'd have to decide very quickly. Even in August 2018, we’d have to decide in a week. Now, people that I interviewed in October are still looking for jobs. The labor markets collapsed in October. 
So from a consumer spending standpoint, that's hitting hard. They're starting to trade down. They're skipping the big-ticket items like houses and cars. They're still travelling overseas, but they're going not so much to America or the UK; they're now going more closer -- so Thailand and Japan. We're very bullish on domestic tourism. 
The next thing is they're just trading down in general. So instead of buying a Starbucks latte, they're going to Luckin. Instead of going to Imax movie theaters, they're watching on iQiyi and online videos. So in 2019, the premiumization drive that a lot of people said consumers would do is over, and they're now trading down. A big shift.
More in Forbes.

Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on managing your China risk? Do check out this list.  

Foreign investments law: what is going to change? - Mark Schaub

Add caption
Some analysts see in the new Foreign Investment Law a way for China to placate the US, but China veteran Mark Schaub sees here no quick fix triggered off by the trade war. It is the first new foreign investment law since the Berlin Wall came down, he says to the BBC News Service.

Then China's companies did not invest as much as they do now. Chinese consumers did not purchase as much as they do now, he says. The way China is going to regulate foreign exchange is one of the key new subjects, he says, although he expects there will be less forced technology transfers in the automotive and telecom industries.

Chinese laws at best give a direction for the future, he warns. You will not see fast changes very quickly.

Mark Schaub is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form. Are you looking for more strategic experts at the China Speakers Bureau? Do check out this list.

A day in the life of a WeChat user - Matthew Brennan

Matthew Brennan
WeChat is one of the largest social platforms in the world, and an example of what Facebook CEO Mark Zuckerberg wants to do with his platform. WeChat expert Matthew Brennan is one of three avid WeChat users explaining to the Jing Daily what WeChat means for his daily life, including their mini-programs.

Jing Daily:
Matthew: WeChat is primarily a communication tool for me. Some days, I’ll communicate with anywhere between 10 to 100 people in a single day. It’s also time-consuming to manage a 440-person WeChat group... 
I also use mini-programs on a daily basis — at least once a day. The most popular ones are Meituan Dianping (food delivery) and Luckin Coffee. I also use one for requesting and sending invoices... 
If I am offline and am going to a convenience store or a market to buy some clothes [I’ll use it]. I use it to pay for pretty much any daily purchases you can think of. I rarely use Alipay. I opt for other types of payments only when paying a large sum, like my daughter’s kindergarten tuition. If you speak with people in Shanghai, they use a lot of Alipay. It’s popular in first-tier cities and among young people. WeChat is definitely more universal and lets older generations to purchase offline. Shenzhen and Guangzhou are much more skewed to WeChat because that’s where the company is based... 
WeChat official accounts are an important part of the content ecosystem. On average, I will read at least two articles about tech on WeChat a day. I access them from in the subscription account folder, through content shared in Moments, and from “Top Stories”(看一看). I also run my own official accounts and update them about once a month... 
Commenting from a business strategy perspective: three contenders to WeChat were recently released on the same day including Duoshan from Bytedance, which has gained a lot of media attention. The most popular quote online from a social media user was this: “I had a good time chatting on three products, but we still want to keep in touch, so we added each other on WeChat.” I think it nicely sums up the situation regarding any alternative communication platform that would like to rival WeChat.
More in the Jing Daily.

Matthew Brennan is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more innovation experts at the China Speakers Bureau? Do check out this list.  

Foreign investment law: no big changes - Victor Shih

Victor Shih
China brought the newly adopted foreign investment law with some fanfare, but political analyst Victor Shih does not expect the law will be a game changer, as some hope, he tells at the Deutsche Welle. A level playing field for foreign and domestic companies in China might be far away.

DW:
Beijing says the act offers foreigners equal treatment, greater market access and better legal protection. It will eliminate the requirement for foreign businesses to transfer proprietary technology to Chinese joint-venture partners and protect against "illegal government interference" — major irritants for Western firms and governments. 
China will also amend its intellectual property law and "introduce a punitive damages mechanism to ensure that all infringements will be seriously dealt with," Chinese Premier Li Keqiang told reporters at the end of the parliament's two-week session. Furthermore, Li said China will soon announce shorter "negative lists" of sectors where foreign investment is either prohibited or requires special approval. 
But Western observers remain skeptical. "No, the foreign investment law will not lead to a level playing field for foreign firms and investors," Victor Shih, an associate professor of political economy at the University of California in San Diego, told DW. 
"It doesn't matter what the Chinese government puts on paper. China has a good track record of changing low-level regulations to protect domestic industries," he added. .. 
Victor Shih said Beijing could come up with regulations that make life difficult for foreign companies operating in the country. "There's a lot of stuff that China can do" to protect domestic firms, he argued.
More at the DW.

Victor Shih is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form. Are you looking for more political analysts? Do check out this list.

China has most real estate billionaires - Rupert Hoogewerf

Rupert Hoogewerf
The Hurun Global Real Estate Rich List, released last week, shows that China has the most real estate billionaires, followed by the US. The country's building boom caused by massive urbanization explains the top position, says Rupert Hoogewerf, chief researcher of the Hurun rich list to Barron's.

Barrons:
With 139 of the world’s 239 real estate billionaires, China accounted for a whopping 58% of the world’s total, leaving other countries far behind, according to the Hurun Global Real Estate Rich List released Thursday. The runner-up, the U.S. has 26 real estate billionaires, followed by the U.K., with 17. Hong Kong had the highest concentration of real estate billionaires in the world with 25.
“The urbanization megatrend in China has driven the biggest wealth explosion in the history of world, with the result that most of the world’s largest real estate developers today come from China,” Rupert Hoogewerf, chairman and chief researcher of Hurun Research Institute, publisher of the list, said in a statement. 
Chinese developers swept the list’s top four spots. Xu Jiayin of Shenzhen-based Evergrande Group ranked first with a net worth of US$37 billion. Li Ka-shing of Hong Kong conglomerate Cheung Kong Holdings came in second, with US$29 billion. Third place went to Lee Shau Kee of Hong Kong-based Henderson Development, with US$27 billion. Yang Huiyan of Foshan-based Country Garden landed fourth with US$23 billion. She was the only female real estate billionaire in the top 10. The richest U.S. real estate billionaire was Donald Bren, chairman and sole owner of California-based developer the Irvine Company. He had a net worth of US$17 billion. U.S. President Donald Trump came in at 82nd place with US$3 billion.
More on Barron's

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.  

Foreign investment law not the feared VIE-killer - Mark Schaub

Mark Schaub
For years the business community feared China's central government would kill the so-called VIE's (variable-interest entity). The tool to circumvent the country's strict ownership regulations was never endorsed by the government but has also never been in serious trouble, tells China veteran and lawyer Mark Schaub to Bloomberg. The ban even did not show up in the draft foreign investment law, last week.

Bloomberg:
In the latest draft, Beijing dropped language that would have invalidated the so-called “variable-interest entity” structures employed by Chinese tech giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. But it’s also proposing to scrap special laws governing Sino-foreign tie-ups -- a move that could force them to re-examine longstanding contracts, lawyers say. 
Those twin strands emerged from China’s Foreign Investment Law, intended to govern every aspect of the world’s No. 2 economy for global investors. This particular edict has gained newfound significance as tensions flare between Beijing and Washington; the revisions to VIEs and JVs were little-noticed amid an array of other moves that span curbs on forced technology transfers to leveling the playing field for foreign firms. 
In the case of VIEs, the missing language assuages concerns about a corporate structure that circumvented foreign-ownership restrictions. The model has never been formally endorsed by Beijing but has been used by tech titans such as Alibaba to list their shares overseas. 
Pioneered by Sina Corp. and its investment bankers during its 2000 initial public offering, the VIE framework rests on shaky legal ground and foreign investors were thus nervous their bets would unwind overnight. 
The original version of the legislation was dubbed by a number of “hysterical commentators as ‘the VIE killer,’” said Mark Schaub, a partner at King & Wood Mallesons. 
“However, as its successor has dropped any reference to VIEs, we believe it should be business as usual. China’s regulatory position on VIEs may still evolve, but we do not believe there will be a U-turn, ” Schaub said... 
Foreign firms that control their ventures may take advantage of the new regime to eradicate “inflexibility,” King & Wood Mallesons’s Schaub said. He cited the need to secure directors’ unanimous consent to amend company articles, adjust capital, or even just to dissolve the venture. “Likely, the Chinese partners may also seek to adopt the new law if they are in a controlling position.” 
Companies are still studying the potential effects and aren’t yet sure how it would impact existing ventures, said Xu Heyi, chairman of Daimler AG’spartner Beijing Automotive Group Co. Changan Auto, which is allied with Ford Motor Co., said a half-decade should be more than enough time to avert disruption.
More in Bloomberg.

Mark Schaub is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on managing your China risks? Do check out this list.

Friday, March 15, 2019

Marketing in China: pick your channels wisely - Ashley Dudarenok

Ashley Dudarenok
China offers brands a wide range of channels to get to their consumers, but picking those channels should be done selective, says marketing veteran Ashley Dudarenok, especially when your budgets are tight, she explains at Marketing-interactive.

Marketing-interactive:
Dudarenok explains that it is important for brands to remember that not every channel is for every brand. Although it’s a good idea to ensure as broad a coverage as possible, marketers will need to zoom in on a few specific channels especially if budgets are tight. For example, in addition to Weibo and WeChat, eCommerce brands can register accounts on Little Red Book and Douyin. Moreover, local brick-and-mortar stores can establish a presence on group-buying platform Dianping. Overseas finance brands can open accounts on Xueqiu and educational institutions can choose Zhihu as well. 
“These are just broad examples, however, and you’ll need expert advice to help you understand which channels are worth investing in,” she said. 
Dudarenok added that while Chinese people love big brands, gaining their love alone is not enough. It’s important to understand the Chinese market and meet the needs of Chinese consumers. 
“Take a close look and adjust your brand positioning and product features before entering the Chinese market. For example, the post-90s and post-00s generations are the driving force behind apparel retail today. For foreign fashion brands targeting the middle-class or mature women, they may need to change to a younger, fresher look for Chinese consumers,” she explains.
More at Marketing-interactive.

Ashley Dudarenok is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on China's consumers at the China Speakers Bureau? Do check out this list.  

China does not need to kill the VIE's anymore - Paul Gillis

Paul Gillis
The new foreign investment law is no longer mentioning the ban on VIE's like an earlier edition did in 2015. The tool to circumvent Chinese regulations by channeling investments through foreign tax havens is no longer needed, says financial expert Paul Gillis, a professor at Beida University. Controlling capital streams have become more efficient, and a crackdown on VIE's is no longer needed, he argues at his website.

Paul Gillis:
The new law does not discuss VIEs, and I do not think that portends a coming crackdown.  I think it just continues the status quo, where the government turns a blind eye towards the structure. I would also observe that there have been statements that companies with VIEs and control structures will be allowed to issue Chinese Drawing Rights (CDRs) on the new Shanghai Technology Board. That is about as close to official acceptance of VIEs that we are likely to see. 
I think Chinese regulators would like to fix the VIE problem, since it makes a mockery of the rule of law, but a workaround has proven elusive. These companies are now a big part of China’s economy, and I find it inconceivable that the government is going to shut them down. 
Seven years ago I wrote a summary of VIEs for Forensic Asia that became the most cited work on VIEs. I just updated that article together with Fredrik Oqvist, and GMT Research, successor to Forensic Asia, has distributed it to their subscribers. I will make it available here in a month or two. Our key point is that as VIEs mature they are becoming increasingly unworkable because of the difficulty in moving cash into and out of the VIE.
More at the Chinaacountingblog.

Paul Gillis is a speaker at the China Speaker Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more financial experts at the China Speakers Bureau? Do check out this list.  

Huawei: too late to save its international image? - Tom Doctoroff

Tom Doctoroff
China's telecom giant Huawei turned on an unprecedented PR machine after it got into rough weather and even exposed its reclusive founder to foreign journalists. Too late, too little, but not untypical for most Chinese companies, even when they have global aspirations, says marketing veteran Tom Doctoroff to the Holmes Report.

The Holmes Report:
Huawei's reluctance to communicate, furthermore, is only compounded when the stakes rise, as exemplified by the company's experiences over the past 18 months.  "Huawei's mismanagement of its international image is typical of Chinese entities — governmental or corporate — who simply can't respond to challenge," says former JWT China CEO Tom Doctoroff, now chief cultural insights officer at Prophet. "The instinctive impulse to lurch into a defensive, self-protective hunch precludes mutual understanding and win-win collaboration."
More at the Holmes Report.

Tom Doctoroff is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more branding experts at the China Speakers Bureau? Do check out this list.  

Wednesday, March 13, 2019

Beijing replaces Shanghai as city with most international schools - Rupert Hoogewerf

Rupert Hoogewerf
Shanghai lost its top position for international schools in China to Beijing, says The Hurun Education Top International Schools in China 2018according to Shanghai-based Hurun chief researcher Rupert Hoogewerf in the Pienews. The survey is based on research on 330 professionals at those schools and government agencies.

Pienews:
The Hurun Education Top International Schools in China 2018 surveyed at least 330 school principals, senior teachers, investors, overseas study agents, and even government departments, in China between July and December 2018. 
In the second year of the ranking, Beijing replaced Shanghai as the city with the most international schools on the list, Rupert Hoogewerf, chairman and chief researcher of Hurun Education, highlighted. 
In total, 26 schools in Beijing made the top 100 list, compared to 23 in Shanghai. Last year  the figures were 21 and 26, respectively. 
The top 100 came from 24 cities across Mainland China, and two-thirds of the list came from Beijing, Shanghai, Guangzhou and Shenzhen. 
The proportion of schools included that admit Chinese passport holders rose from 70% to 80% since last year’s ranking – eight of the top 10 schools are able to admit Chinese passport holders, up four from 2017. 
“This ranking is primarily targeted at parents with children in China, helping them to find the most suitable school for their child, teachers already at or looking to work at international schools in China and admission officers of universities looking to recruit students from China,” Hoogewerf said.
More in the Pienews.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more stories by Rupert Hoogewerf? Do check out this list.  

Monday, March 11, 2019

US billionaires keep global top, despite China gains - Rupert Hoogewerf

Rupert Hoogewerf
The number of billionaires from China might be growing fast, US billionaires still earn far more, says Hurun China Rich List founder Rupert Hoogewerf to the Washington Post. The wealthiest in China was e-commerce giant Alibaba's founder Jack Ma, the world's 22nd-most-wealthy person, with US$39 billion.

The Washington Post:
The biggest gains in wealth last year came in the areas of technology, media and telecommunications, followed by real estate and other investments, manufacturing and retailing. 
The wealthiest in China was e-commerce giant Alibaba's founder Jack Ma, the world's 22nd-most-wealthy person, with $39 billion. Pony Ma Huateng of the Internet giant Tencent Holdings, with $38 billion, and Xu Jiayin of property developer Evergrande, with $37 billion, were close behind. 
Though people in China and other Asian nations are steadily gaining in wealth, Amazon founder Jeff Bezos topped the global chart for the second year running, with wealth estimated by the Hurun rich list at $147 billion. Bill Gates ranked second, with $96 billion, and Warren Buffett was third, with $88 billion. 
Gates' fortune rose by $6 billion in 2018 despite his enthusiasm for philanthropy, said Hurun Report Chief Executive Officer Rupert Hoogewerf. 
President Donald Trump's wealth fell by $500 million last year, the report said, to $3 billion, or 793rd. 
The only Asian among the 10 richest people in the world was Mukesh Ambani of Indian conglomerate Reliance Industries, who ranked No. 8 with wealth estimated at $54 billion. 
"Poor stock market performances and an appreciating dollar were the main reasons for this year's record drop in billionaires," Hoogewerf said in a statement. "Despite the strong dollar and its tax cuts, the USA added only 13 billionaires, but made it harder for the rest of the world to make the cut." 
Overall, the report said, there were 2,470 billionaires in the world, down 224 from last year. Their total overall wealth fell by $950 billion from the year before, to $9.6 trillion, because of stock market gyrations and a strong U.S. dollar, it said. 
Hoogewerf said he believes that the world's billionaires may number more than 6,000 people, since many seek to hide the extent of their wealth, especially in the Middle East. Forty billionaires from last year's list died in 2018. 
The newly minted Chinese billionaires included Colin Huang Zheng of e-commerce platform Pinduoduo and restaurant-group owner Zhang Yong and his, wife Shu Ping. Others were Zhang Yiming of ByteDance, an Internet technology firm valued at $75 billion, and Zhan Ketuan of bitcoin miner Bitmain.
More in the Washington Post.

Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more stories by Rupert Hooogewerf? Do check out this list.  

China women lack leverage in both politics and salaries - Zhang Lijia

Zhang Lijia
Women in China might be regaining some tracking in the economy, they are still lacking political leverage and earn on average less than men, says author Zhang Lijia at Wion. "According to Zhang, if China wants to improve the lives of women, it will first need to accord them equal status in society and politics."

Wion:
China also has a long way to go as far as representation of women in politics goes. 
No woman has ever led the Communist Party of China, and currently there's only one woman among the 25 members of its Politburo. 
Author of "Lotus" - a book that talks about prostitution, based on extensive research - Zhang Lijia, said that the CPC was sexist. 
Zhang added that Chinese women are being left behind in terms of political participation and the salary gap between men and women is becoming wider. 
According to the United Nations Development Programme, among the members of the decision making bodies of the Chinese government, only 24.2 per cent are women. China must guarantee a minimum quota for women in the National Assembly, which continues to have very few women representatives, Zhang says. 
The CPC, she adds, took a concrete step to improve women's lives in the 1950s, when it abolished child marriage and introduced the right to education and work, but after that gender equality has not been prioritised. 
According to Zhang, if China wants to improve the lives of women, it will first need to accord them equal status in society and politics.
More at Wion.

Zhang Lijia is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more stories by Zhang Lijia? Do check out this list.  

Friday, March 08, 2019

The crude reality for women in the China market - Zhang Lijia

Zhang Liijia
London-based author Zhang Lijia, author of Lotus, a novel, on prostitution in China, recalls at Varsity the crude reality women have to face in China's economy, a story many outside China might not see, speaking at Cambridge PEN, about the process of writing her latest book.

Varsity:
“I want to show the crude reality of the Chinese market economy and the resilience of women struggling in the bottom of society,” Zhang adds. 
Like the characters in Lotus, Zhang has experienced what life is like in a rapidly changing China, having spent a decade working at a factory that produced intercontinental missiles. Although Zhang had dreamed of becoming a journalist and writer from a young age, she was taken out of school to work at a factory at the age of sixteen. Whilst working at the factory, Zhang taught herself English. 
“Reading gave me escape and enlightenment, and it gave me a route to escape the tough reality [of the factory] and to broaden my horizons”, she says. 
Upon completing a Master’s degree in Creative and Life Writing in London, Zhang returned to China and her dreams took flight as she began to write. She wrote a memoir about her time at the factory, titled Socialism is Great!”: A Worker’s Memoir of New China. With Lotus being Zhang’s first fictional novel, she mentions how the transition from fiction to nonfiction writing styles was “extremely challenging”. 
“The freedom to create a fictional world was both exciting and intimidating.” Freedom also takes on another meaning in the context of contemporary China when it comes to censorship. A previous book she wrote in Chinese about the Western image of Chairman Mao was censored, Zhang decided to write in English in order to “freely express” herself. 
This helped Zhang overcome another type of censorship that was not political, but rather “a writer’s own self-censorship”, as she calls it. 
“By writing in English, I gained unexpected literary freedom. By not being inhibited by my mother tongue, I can also be bold as I experiment with the language. I use different words and I structure my sentences differently, consciously and unconsciously. Of course, my experiment doesn’t always work. But I enjoy the adventure.” 
Although having studied English for thirty years, Zhang says she still faces great challenges when writing in English, “I write too slowly, and I don’t understand the subtle meanings of certain words, so in that sense, I still regard myself as being a novice.” 
Throughout her journey, Zhang draws upon many literary inspirations. She cites George Orwell’s four reasons for writing: egoism, aesthetic enthusiasm, historical impulse, and political purpose, as key drivers of her motivation to write. In particular, she remains drawn to Jane Eyre, “a plain-looking character full of spirit and longing”, Zhang comments. In more recent years, she mentions how reading her MA professor Blake Morrison’s memoir And When Did You Last See Your Father shaped the techniques she had used to complete her own memoir. 
Following the success of Lotus, Zhang is now turning her focus back towards non-fiction. She is working on a narrative non-fiction book about the children of migrant workers in China, also known as their ‘left-behind’ children. “There are currently 61 million children living in villages across the country without both or one parent,” she says. The book will focus on a rural community in Southwest China’s Guizhou province, to examine the human cost of China’s economic miracle. As preparation, “I am reading or re-reading outstanding literary non-fiction books on China, such as Wish Lantern by Alec Ash and Factory Girls by Leslie Chang.” 
As for aspiring writers, Zhang’s words of advice is to just “read and write and live your life.” “Just going ahead and writing is the best thing you can do,” she says with a smile.
More at Varsity.

Zhang Lijia is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more female experts on China at the China Speakers Bureau? Do check out this list.

How four US constituencies look differently at China - Arthur Kroeber

Arthur Kroeber
As the formal trade war might be heading to an end game, four US constituencies have different views on how to deal with China, even after the trade war ends, explains economist Arthur Kroeber, author of China's Economy: What Everyone Needs to Know® at a meeting or the Asia Society.

Arthur Kroeber is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on the China Speakers Bureau? Do check out this list.

Tuesday, March 05, 2019

The battle to sell China inside your company - Ashley Dudarenok

Ashley Dudarenok
The battle of selling China internally in your larger company is still a struggle, says marketing expert Ashley Dudarenok, at her daily vlog. Heads of China operation feel lonely as they have to explain their headquarters how China works. Outdated views on China, and a global marketing department unwilling to adapt their material to China are just some of their problems.

Ashley Dudarenok is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more branding experts at the China Speakers Bureau? Do check out this list.

China's draft foreign investment law promises a more open economy - Mark Schaub

Mark Schaub
Equal treatment for foreign companies and a more open economy are just two of the positive issues China new foreign investment law offers, writes China veteran and lawyer Mark Schaub at the China Law Insight. The draft will be debated in the upcoming parliamentary conferences and includes a few interesting twists, including a revival of the VIEs (Variable Interest Entities)

Mark Schaub:
The key issues addressed in the draft law include prohibition against forcing technology transfers; providing equal treatment and market access to foreign companies (except for certain sectors specified on a negative list) but also reserving China’s right to retaliate against companies from countries which discriminate against Chinese investors. 
However, it is instructive that the very first article of this draft law articulates its intended purpose to further open up the Chinese economy and actively boost foreign investment... 
Two other interesting provisions in this new draft include granting foreign companies equal treatment and participation in government procurement activities and also specifically reiterating that foreign invested companies are allowed to conduct onshore China financing via IPOs or other securities offerings. Foreign companies have often faced discrimination in terms of government procurement as various state owned entities and institutions issue guidelines that limited suppliers to selected companies or requirements to fulfill which almost inevitably meant only a domestic enterprise could be selected.
More at the China Law Insight.

Mark Schaub is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

Are you looking for more experts on the trade war between China and the US? Do check out this list.