China is both the world’s largest consumer of seafood and largest producer of farmed fish. As incomes rise and consumer demand for seafood grows, overexploitation in the fishing industry is on track to become a major global issue. In this article, we explore how China’s aquaculture industry can adapt to ensure a high value yet environmentally sustainable end product.
China’s biopharmaceuticals is an often overlooked yet quickly growing industry. In recent years, various regulatory reforms have transformed the industry, nurturing it into a global competitor Many foreign investors are interested in taking advantage of the local industry’s streamlined product registration process and robust development incentives. However, there are still risks that investors should remain cognizant of when planning their entrance strategy into the Chinese biopharmaceutical market.
China has a love-hate relationship with crypto. It loves the technology but hates the illicit activity. While blockchain will play a vital role as a strategic technology highlighted in national development goals, its ties to cryptocurrency challenge industry development. This has led to harsher regulation of the cryptocurrency space in the hopes that, by separating cryptocurrency and blockchain technology, policymakers can hasten the maturity of the blockchain industry without fear of the social or financial instability associated with crypto.
With over 682 million mobile gamers, the Chinese mobile gaming market is one of the world’s largest. Together with Todd Kuhns at AppInChina, we explore the tips and tricks by which game developers can break into the lucrative Chinese mobile gaming industry.
Semiconductor chips are at the crux of the US-China technology competition, and export controls from the ongoing trade war have impeded China’s semiconductor ambitions. Among other measures, China has been establishing integrated circuit schools, microelectronic colleges, and related programs to train qualified candidates for the semiconductor industry, all of which are backed by national domestic policy efforts. However, the efficacy of these initiatives to meaningfully contribute to China’s long-term self-sufficiency efforts is yet to be proven.
It’s no more the Great Leap Forward, but instead the “Robotic Leap Forward.” Automation at the industrial level is now expanding to the consumer level in China, and Beijing is looking to use investment in customer service robots as part of its push to market the nation as a global leader in technology and innovation.
Both Starbucks and Luckin’s market strategies have taken China by storm. It can perhaps be most aptly said that Starbucks preferred to focus on cultural values while Luckin capitalized on societal trends. Regardless, both chains have defined their niche within the Chinese consumer lifestyle and are evidence that, so long as Chinese market strategies are culturally aware and data-driven, there is more than one road to success in the Chinese market.
While China may be the world’s largest rare earths producer, it is also the world’s largest importer. As the world’s third largest rare earths producing country, Myanmar holds unintended sway over the health of China’s economy. Yet, Myanmar’s political instability has disrupted vital rare earths supply chains and introduced doubts over both the trade relationship between the two nations, and the role of rare earths in the global economy at large.
The US-China trade war, combined with stringent sanctions restricting Beijing’s access to a majority of the chip market, has impaired China’s semiconductor aspirations. As a result, Chinese companies have employed various means to poach top semiconductor talent from Taiwan in order to achieve the technological self-sufficiency they seek. Experienced and skilled Taiwanese semiconductor, or integrated circuit (IC) design engineers, could be the key to Chinese chip dominance. However, it could also lead to a significant talent deficit in Taiwan’s semiconductor industry.
As the second largest eSports markets in the world, China is cashing in on opportunities within the growing industry. Governmental support has elevated eSports to an officially mandated sport and has fostered career prospects for professional gamers in China. Yet, some of Beijing’s actions may be betraying its true outlook on eSports and undermining its short-term efforts to spur industry growth.
A bubble-prone housing market has been one of the most challenging sectors within the vast array of economic issues that China has faced on its road to economic modernization. One of the key approaches harnessed by policymakers in Beijing has been to limit property loans as a curb for speculative activity; however, questions remain as to the long-term feasibility of this solution to China’s property value crisis.
As the early epicenter of the pandemic, 2020 brought Wuhan countless challenges. One year later, the city is cautiously optimistic about its recovery. Despite COVID’s lingering impression on local consumer habits—particularly in the service industry—Wuhan’s slow but steady re-emergence as the tremendous industrial hub it once was serves as an excellent model for cities across the globe.
Despite its history of strict regulation against the industry, China’s gaming market is flourishing. Chinese MMOs and RPGs are topping lists around the globe while high-quality cross-platform releases, along with creative marketing through films, eSport competitions, and livestreaming, have set the tone for China’s growing gaming market for years to come at home.
To achieve its goal of carbon neutrality by 2060, China needs to ditch coal-fired electric power plants for renewable alternatives. However, doing so will require dismantling an antiquated system of incentives that are in place for local officials and power producers. Whether Beijing can summon the political will to overcome powerful vested interests opposed to these changes will be an important indicator of China’s capacity for meaningful reform.
Navigating the Chinese market had been challenging for international luxury fashion brands even before the pandemic, but shifting consumer trends in the world’s largest luxury goods market now threatens the bottom line for major brands worldwide. To remain competitive, luxury brands must identify the challenges within the market and restructure their China strategies around the culturally-charged consumer market.