Industries

The Senior Care Sector in China: Is it Time to Think Differently?

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By Nayoung Mathiesen

Foreign investors that would like to understand the senior care sector in China may find a comparison to the hospitality sector helpful.

The hospitality sector boomed over the past 30 years as the Chinese economy grew and visitors poured in. Chinese real estate players rushed into the sector, and they absolutely wanted to work with well-known global luxury brands to develop the sector. Domestic investors were totally dependent on their Western partners’ management and operational know-how – there were no local culture or competence in the sector.

As a result, global hotel brands had been given relative autonomy in how they operate their branded hotels in China. Global rating systems and training programs obligated Chinese owners to stick to their agreements.

How does this compare to the senior care sector?

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China’s FinTech Industry

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By Mark Preen

Traditional financial centers such as London and New York are witnessing increased competition from Chinese cities like Shanghai and Shenzhen with the rise of FinTech. While China’s traditional financial sector is relatively undeveloped and restricted from foreign participation, the country’s Internet Finance, or Financial Technology (FinTech), industry has developed rapidly in recent years with an outburst of innovations and startups.

Now, China is in many respects a leader in this emerging industry. By the end of 2015, the country had 500 million FinTech users, and its overall market size exceeded RMB 12 trillion (US$1.87 trillion). Four Chinese companies, namely Tencent, Alibaba, Baidu, and JD, were also amongst the top 10 public internet companies in the world. In 2016, China had eight of the world’s 27 FinTech “unicorns”- companies that investors value at more than US$1 billion.

By any measure, China’s FinTech industry is rapidly expanding, presenting opportunities for both FinTech companies and complementary firms. However, like China’s traditional financial sector, foreign participation in the industry can be challenging.

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China Industries Outlook 2018 – New Issue of China Briefing Magazine

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The latest issue of China Briefing Magazine, titled “China Industries Outlook 2018“, is out now and currently available to subscribers as a complimentary download from the Asia Briefing Publication Store.

In this issue:

  • Foreign Investment Performance
  • Healthcare Reforms Underscore Market Growth
  • How to Invest in China’s Growing Education Subsectors
  • Pollution Controls Create Green Industry Opportunities

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China’s Digital Economy: The Shape of Things to Come

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By Ana Cicenia

Recently, the city of Wuhan announced that they will be opening a police station run solely by artificial intelligence (AI) – no employees need apply. Although the station would be limited to vehicle and driver related administrative work, the government anticipates increasing AI use in many other areas of governance.

Automated government offices like these are just one way that new technologies are being integrated into the Chinese society. It also represents a larger trend in the Chinese economy: the growth of the digital economy. In 2016, China’s digital economy accounted for 30.3 percent of GDP, an 18.9 percent rise from 2015, according to a China Academy of Information and Communications Technology (CAICT) white paper.

The digital economy is part of the government’s vision of an economy driven by innovation – a key part of their goal of making domestic firms more competitive globally. In recent years, the Chinese government has pushed several national economic initiatives aimed at the development of the digital economy. These include the 13th Five Year Plan (March 2015), Made in China 2025 (May 2016), the Robotics Industry Development Plan (April 2016), and the Three-year Guidance for Internet Plus Artificial Intelligence Plan (May 2016).

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Investing in China’s Battery Industry

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By Mark Preen

EV-Batteries-in-China

China has ambitious plans for its battery industry as it attempts to develop its electric vehicle (EV) and EV battery industries. Analysts predict that China will have the capacity to produce over 120 GWh of batteries by 2020, and will increase its share of global lithium production from its current 55 percent to 65 percent by 2021.

However, China will need to develop new technologies and the ability to produce high end batteries to achieve its ambitions. At present, Chinese manufacturers are lagging behind foreign producers – such as LG Chem, Samsung SDI, SK Innovation, and Panasonic – on this front. Attracting foreign investment will therefore prove crucial.

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The Food & Beverage Industry in China: A Guide for Brand Owners – New Publication from Dezan Shira & Associates and The Silk Initiative

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The-F&B-Industry-in-ChinaThe Food & Beverage Industry in China: A Guide for Brand Owners is out now and currently available to subscribers as a complimentary download from the Asia Briefing Publication Store.

This report covers the essentials for foreign investors wishing to enter the food and beverage market in China, including industry trends, relevant laws and necessary licensing, intellectual property and finally, market strategies to enter China. Compiled by both Dezan Shira & Associates and The Silk Initiative, it makes the most of Dezan Shira’s foreign direct investment expertise and The Silk Initiative’s experience helping F&B brands thrive in China.

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The Electric Vehicle Battery Industry in China

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By Mark Preen

EV-Batteries-in-China

The electric vehicle (EV) industry is just one priority area of the country’s ‘Made in China 2025’ industrial strategy, which aims to transform China from a low-end manufacturer to a high-end one. Yet, the government’s goals for the industry are staggering: its target is to have five million electric vehicles on its roads by 2020, up from one million today.

The battery industry’s success is closely tied to the EV industry’s success – a battery currently accounts for up to half an EV’s cost of production. Given the close relationship of the EV industry and battery industry, the government has picked domestic champions that it is promoting to lead the way in China’s domination of the global battery industry.

Fierce global competition in this industry is already under way as producers vie for their share of the what is predicted to be a US$25 billion global industry by 2020.

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Bitcoin Market Unfazed by China Ban

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By Melissa Cyrill

CB-Tax-Reform-in-China

Bitcoin trading recently bounced back to US$7,000, recovering after a historic dip in value following Beijing’s crackdown on cryptocurrencies in September. Bitcoin is both a digital currency and payment system that is managed by decentralized computer networks.

The ten-fold increase in bitcoin’s value over last year reflects a level of market optimism that is puzzling for independent observers. This has not gone unnoticed by the country’s regulators, which recently banned all initial coin offerings (ICOs), or fund raising activities, for new cryptocurrency ventures.

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