How have the export prices of Chinese textiles been affected by policy changes in U.S. import quotas and China's exchange rate in recent years? CEIBS Professor of Economics and Finance Xu Bin explores this issue in his new paper "Import Quota, Exchange Rate, and Export Price of China’s Textiles." Co-authored with CEIBS Research Fellow Han Gaofeng, the paper was published in the May 2009 issue of The Journal of World Economy.

In “Revisiting the Link Between Product/Industry Diversification and Corporate Performance,” CEIBS Bayer Chair Professor of Marketing Willem Burgers and his co-authors explore the level of impact that a firm’s performance has on its choice of diversification strategy. The paper is co-written by former CEIBS Research Assistant Andy Sun and Assistant Professors of Marketing at the College of Business, Auburn University Dan Padgett and Brian Bourdeau. The report was published in the January 2009 edition of International Review of Business Research.

English author Charles Dickens famously began his Tale of Two Cities, published exactly 150 years ago, by capturing the ambivalence of an era: "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness." In the current global turbulence, Dickens's depiction of contradictory forces applies.

Briefing of a guest lecture by Annette Nijs, Executive Director Global Initaitive CEIBS. 2009 China Business Course for the Fondazione Italia Cina, Milan, 8th May 2009. anijs@ceibs.edu

Supply integration in terms of joint production planning and product development has become a necessity to meet today’s customer requirements in most industries. This is escpecially true in the automotive industry, where products are complex and life cycles are shrinking. With the aim to investigate the current state and best practice supplier development in the Chinese automotive industry, the study “Supplier Integration Excellence in the Chinese Automotive Industry” was initiated by China Europe International Business School (CEIBS) together with Supply Chain Management Institute (SMI) under sponsorship of BMW Group. In order to gain first-hand insight, thirty interviews were conducted with senior managers from automotive producers last year.

Can China’s wine industry replicate the global success the country has had in other major industries? The answer, according to a new research paper published in the January 2009 issue of the International Journal of Wine Research, is: “Why not?” ? at least in some segments!

Reform of China’s accounting system is the topic of a new paper by CEIBS Accounting Professor Ding Yuan, written at the invitation of the Journal of Accounting and Public Policy (JAPP).

As companies all around the world gear up for an uncertain 2009, this is an excellent time to look at executive education programs and invest directly in your personal career development.

In a groundbreaking paper that analyzes transparency in firms from the Baltic states of Estonia,Latvia,and Lithuania,CEIBS Professor of Accounting Yuan Ding and two coauthors offer invaluable information for anyone eying newly democratized nations as possible investment locations.

What makes CEIBS Professor of Economics and Finance Bin Xu bullish on the Chinese economy? His latest research shows that exportation drives productivity, and not vice versa - a startling finding in a country that racked up US$109.66 billion in exports during January 2008 alone - a near 27% increase year on year.

What does Confucius, a Chinese scholar born in 551 B.C. have to do with the 21st century concept of Corporate Social Responsibility? A lot, according to a recent paper co-written by CEIBS Professor of Economics Bala Ramasamy.

The transformation of the role of government is essential for eradicating the institutional foundation of traditional growth model. The government should exit from the economy and market, and focus on institutional reform and institutional improvement.

If China's high economic growth can be contributed to the entrepreneurs' innovation, while the corruption is closely related with their rent-seeking, then the question has to be raised: why did these entrepreneurs undertake many productive activities in favor of economic development, but simultaneously use their talents in non-productive fields? How can such a phenomenon be reasonably interpreted?

The overriding theme of 2004 was "macro-regulation" for China. Despite worries and panics, the nation seemed to have a safe voyage. But what perplexes us most is why this happens repeatedly since the reform and opening-up whenever we try to speed up the economic growth but have to slow down due to the bottleneck of resources and the pressure of inflation. Will such a problem become a lingering nightmare? Will the labor-intensive growth pattern featuring high investment and low efficiency ensure sustained industrialisation and modernisation? The nation is developing its "Eleventh Five-Year" Plan, and at this critical moment, we must discover a new and proper road to industrialisation and economic growth pattern. 

The 11th Five-Year Programme endorsed by the recent plenary session of the National People's Congress (NPC) in March catches the world's attention by its clear-cut message: China decides to change its economic development from extensive growth to intensive growth.