This week, we explored the latest trends in Shanghai's retail and commercial real estate market with Hoichi Yeung and Kelly Cheng from property advising firm Savills. Hoichi works on Savills' commercial team, while Kelly focuses on cross-border retail. We discussed changing demand in Shanghai's typical commercial districts like Lujiazui as more development is built in areas such as the North Bund, and the enduring popularity of the Former French Concession.
We also chat about what's driving a change in the city's master planning for new developments to allow for more green space and how national policies like the dual circulation policy could have effects on China's property market.
Otros episodios de "China Voices: The AmCham Shanghai Podcast"
China's Digital Currency Rollout with Michael Sung
44:35This episode we're talking with fintech expert Michael Sung about China's upcoming national launch of its central bank digital currency (CBDC). Michael is the founding co-director of the Fudan Fanhai Fintech Research Center at Fudan University and the chairman of the cross-border technology-transfer company CarbonBlue Innovations. Michael and I discuss China's motivation to launch one of the world's first CBDCs, and how it will work alongside WeChat Pay and Alipay. We also chat about what the transition to digital currency will be like for businesses, and finally, how China's use of digital currency could be the beginning of a global trend in favor of the "digitization of value."
Building China's Green Economy with Dafei Huang
32:38This episode we discussed China's efforts to grow its green financing sector with Dafei Huang, executive director and carbon assets specialist at the China International Capital Corporation. Dafei is an expert in green financing and renewable energy project development, and offered her insights into how China is incentivizing both the public and private sector to invest in green projects. We also discussed the launch of China's carbon emissions market this past July, and how the market will help China to reach its ambitious carbon neutrality goals. Finally, Dafei talks about what she believes are the next steps China should take to build a cross-industry green economy.
US-China Commercial Relations with James McGregor
31:50This episode, we talked with Jim McGregor, long-time China expert and Chairman, Greater China of APCO Worldwide, about the state of US-China commercial ties. Jim offers his take on why companies need to be "clear-eyed" about their longevity in the China market and China's ambitions to strengthen its own technological abilities. We also dig into what Jim says is motivating the regulatory crackdowns in China right now, and how investors should respond. He discusses how US-China discourse has changed in recent years and the ongoing "global competition of systems" between the two countries. Finally, we talk about the "people-to-people" decoupling spurred by the pandemic, and why it's a loss for the US-China relationship.
US-China Relations Update with Susan Thornton
41:44This week we have a review of the US-China relationship following Deputy Secretary of State Wendy Sherman's meeting in Tianjin. We talk with former long-time diplomat and China expert Susan Thornton about how the US and China should each adjust their policy approach in order to get out of the current standstill in bilateral dialogue. Susan currently serves as a senior fellow and research scholar at the Paul Tsai China Center and as a nonresident senior fellow at the Brookings Institution. Susan offers her analysis of the major themes guiding President Biden's China strategy and what a possible meeting between the two country's leaders could look like. She also gives her take on whether the US is likely to join a trans-Pacific trade agreement and finally, how the US needs to ready itself for the current shift in the international system as China rises as a leading power.
China's Latest Retail Trends with Echo Gong
32:50This episode we chatted with Echo Gong, head of Greater China Advisory at Coresight Research, to discuss China's consumer retail trends. We talk about the latest in both online and offline retail trends, including how brands are now trying to bridge the gap between the two platforms to create more personalized experiences for customers. Echo also offers her take on emerging trends in the China market, including the growth of the "self-care" sector, and which Chinese trends are now making their way into Western markets, such as livestreaming. Finally, Echo gives some practical advice about how companies should prepare for the Double 11 shopping festival and what companies need to do to educate consumers about newer sectors like sustainability and cruelty-free products.
The Growth of China's EV Sector with Nick Lai
37:14This episode we're exploring China's electric vehicle sector and the many manufacturers vying for a piece of the increasingly crowded market. We're joined by Nick Lai, head of Asia Auto Research at JP Morgan, to discuss the opportunities and challenges facing foreign EV producers in China, as well as the intersection between electric vehicles and smart cars in the future of auto manufacturing. We also chat about China's charging infrastructure and EV battery market, including why foreign battery manufacturers are unlikely to compete in the China market. Finally, Nick offers his take on whether the majority of China's new car sales will be EVs by 2030.
Navigating the China Office vs. HQ Relationship with Pierre Cohade
40:08This week we're focusing on a challenge foreign companies in China have long faced: how to deal with the often complex relationship between the China team and global headquarters. We explore this issue with Pierre Cohade, a long-time China executive with experience as president of Goodyear in China and who now serves on the boards of multiple MNCs. Pierre walks us through some of the classic challenges teams in China face, including getting headquarters executives to understand the speed and ingenuity of the China market, and how teams can work through these issues in constructive ways. He also offers his take on how the pandemic has exacerbated some challenges in this relationship, and how China teams have been called on to support global performance in the past several months.
Shanghai's Commercial & Retail Property Market
40:55This week, we explored the latest trends in Shanghai's retail and commercial real estate market with Hoichi Yeung and Kelly Cheng from property advising firm Savills. Hoichi works on Savills' commercial team, while Kelly focuses on cross-border retail. We discussed changing demand in Shanghai's typical commercial districts like Lujiazui as more development is built in areas such as the North Bund, and the enduring popularity of the Former French Concession. We also chat about what's driving a change in the city's master planning for new developments to allow for more green space and how national policies like the dual circulation policy could have effects on China's property market.
Brand Licensing & Partnerships in China, with CAA-GBG
34:37This week, we looked at how to forge brand partnerships and licensing deals in the China market with Gary Chan and Elaine Chiu from brand management agency CAA-GBG, a joint venture between Creative Artists Agency and Global Brands Group. Gary is the vice president of brand management at CAA-GBG China, and Elaine is the senior vice president and head of CAA-GBG China. Gary and Elaine offer practical guidance for brands looking to enter into licensing deals and partnerships in China and dispel common misconceptions about the risks and costs involved. They also offer detailed examples of successful brand partnerships in China as well as advice on how brands can protect their intellectual property.
100 Days of Biden's China Strategy, with Paul Haenle
40:47This episode, I partnered with the Carnegie-Tsinghua Center's "China in the World" podcast for a joint episode focused on President Biden's China strategy after his first 100 days in office. The "China in the World" podcast is hosted by Paul Haenle and examines China's foreign policy and shifting engagement with the world. Paul holds the Maurice R. Greenberg Director's Chair at Tsinghua University's Carnegie-Tsinghua Center, and previously served as director for China, Taiwan and Mongolia Affairs on the National Security Council staffs in the Bush and Obama administrations. Paul and I talked on April 21, and he offered his analysis of Biden's China strategy thus far, including what the makeup of the president's China team signals about his strategy and how he's pursuing a multilateral, strategically competitive approach to dealing with China. Paul also offered his take on how he believes Biden will use strategic tools like tariffs and the entity list, and how he thinks Biden's China strategy could unfold in the months and years to come.