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The issue highlights headwinds confronting China’s “new productive forces,” scrutinizes local government financing vehicles, and examines pressures in real estate and stock markets. It also covers data law implementation, evolving trade dynamics, rapid AI-driven innovation, and sectoral developments across gaming, education technology, energy storage, and industry 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sustainability.",{"name":115,"@type":106,"acceptedAnswer":116},"Which other topics are covered besides economic and policy issues?",{"text":117,"@type":109},"The issue also covers China’s data laws and their implementation, changes in foreign trade, strategic AI insights, and sector developments in gaming, education technology, energy storage, and business conditions.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},573351,1792334918,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":73,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},962093541761,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","| CKGSB\u003Cbr>K N O W L E D G E | CHEUNG KONG GRADUATE SCHOOL OF BUSINESS\u003Cbr>Volume No. 52\u003Cbr>DECEMBER 2024 |\n| --- | --- |\n\nTHINKING AHEAD  \nChinese leadership clearly has an economic blueprint in mind for the country’s future, but there are headwinds  \n· China’s Local Government Financing Vehicles are facing mounting debts  \n· The video game industry in China is going from strength to strength  \n· China is facing implementation issues with its new data laws  \n|  |  |  |\n| --- | --- | --- |\n| Table of Contents | December 2024 |  |\n| \u003Cbr>The Big Plan 9\u003Cbr>Chinese leadership clearly has an economic blueprint in mind for the country’s future, but there are headwinds\u003Cbr>\u003Cbr>9\u003Cbr>\u003Cbr>Data Transfer 5\u003Cbr>China’s data laws are in many ways similar to the EU GDPR, but implementation and transparency issues are causing confusion for businesses\u003Cbr>Taking the Lead 14\u003Cbr>Author Zhao Xinjin discusses the need for trust and credibility in leadership and the fundamentally similar nature of leaders across cultures\u003Cbr>\u003Cbr>Issue: December 2024 Vol. No. 52\u003Cbr>Editor-in-Chief\u003Cbr>Li Wei\u003Cbr>Managing Editor\u003Cbr>Patrick Body\u003Cbr>Executive Editors\u003Cbr>Amy Huang Cathy Chen Ralf Qiao\u003Cbr>Design\u003Cbr>Jason Wong\u003Cbr>Cover\u003Cbr>Jamie Stevenson\u003Cbr>Produced By\u003Cbr>SinoMedia\u003Cbr>ISSN 2312-9905\u003Cbr>Publisher\u003Cbr>CKGSB GLOBAL LIMITED Suite 3203, 32/F, Champion Tower, 3 Garden Road, Central, Hong Kong\u003Cbr>For Letters to the Editor or reprint requests, please contact:\u003Cbr>[ckgsb.knowledge@ckgsb.edu.cn](ckgsb.knowledge@ckgsb.edu.cn)\u003Cbr>ABridge too Far 17\u003Cbr>Local Government Financing Vehicles are integral to China’s provincial economies, but mounting debts and low income streams are raising questions about their sustainability\u003Cbr>\u003Cbr>17\u003Cbr>Foreign Trade Chess 21\u003Cbr>Trade between China and the US has dropped over the last five to 10 years, and the trend looks set to continue\u003Cbr>\u003Cbr>TheAge ofAI 24\u003Cbr>Larry Zhou, Fellow and Chief Network Architect atAT&T, provides strategic insights for innovators and entrepreneurs on how to leverage AI\u003Cbr>Game On 28\u003Cbr>Video games are increasingly popular in China and the country’s developers and publishers are also beginning to play a greater role on the world stage\u003Cbr>Beyond the Bamboo Ceiling 33\u003Cbr>Despite their success in education and entrylevel jobs, Asian Americans struggle to reach the top rungs of corporate America. What’s holding them back?\u003Cbr>\u003Cbr>40\u003Cbr>Taking Off 37\u003Cbr>Kellen Xie, senior vice president of eVTOL aircraft manufacturer Autoflight, discusses the opportunities available for development of the low-altitude economy\u003Cbr>Home Truths 40\u003Cbr>China’s real estate market faces myriad issues from rising debts to a lack of demand and the country’s leaders are struggling to find workable solutions |  | Optional to Mandatory 45\u003Cbr>Digital transformation has become a top strategic priority for many organizations, but implementation can be a challenge\u003Cbr>Conserving Energy 48\u003Cbr>Xu Xiaoju, co-founder of Yinghe Technology and founder and CEO ofCESC, discusses the developmental challenges facing the energy storage sector\u003Cbr>\u003Cbr>48\u003Cbr>Business Barometer 56\u003Cbr>CKGSB’s Business Conditions Index shows a weakened economy, a trend that looks set to continue\u003Cbr>\u003Cbr>Tailored Technologies 51\u003Cbr>Chinese phone maker Transsion has seen success in Africa thanks to its tailoring of products, and the company now hopes the approach works elsewhere in the world\u003Cbr>Spirited Competition 58\u003Cbr>With yearly sales growing from $300 million to $20 billion over the last 20 years, Langjiu is at the cutting edge of China’s baijiu boom\u003Cbr>\u003Cbr>Classroom Revolution 61\u003Cbr>China’s EdTech industry was battered in 2021 by a crackdown on extra-curricular classes, but the country’s embrace of new technologies like AI is breathing new life into the sector\u003Cbr>Snapshot 66\u003Cbr>China’s construction industry statistics are currently trending down\u003Cbr>China Data 68\u003Cbr>The economic trends you may have missed: from exports to airlines\u003Cbr>Bookshelf 70\u003Cbr>Ken Jarrett, Senior Advisor at strategic","cbCaiuqg5EZh8GC2","https://ap.wps.com/l/cbCaiuqg5EZh8GC2","pdf",9753926,72,"English","# Thinking Ahead\n## The Big Plan\n## Data Transfer\n## Taking the Lead\n## A Bridge Too Far\n## Foreign Trade Chess\n## The Age of AI\n## Game On\n## Beyond the Bamboo Ceiling\n## Taking Off\n## Home Truths\n## Optional to Mandatory\n## Conserving Energy\n## Business Barometer\n## Tailored Technologies\n## Spirited Competition\n## Classroom Revolution\n## Snapshot\n## China Data\n## Bookshelf","[{\"question\":\"What main economic theme runs through this December 2024 issue?\",\"answer\":\"The issue centers on China’s economic blueprint for the future and the practical headwinds around “new productive forces,” including uncertainty about how the transition will be carried out.\"},{\"question\":\"Why are Local Government Financing Vehicles (LGFVs) highlighted?\",\"answer\":\"LGFVs are described as crucial to provincial economies, but mounting debt, weak income streams, and pressure from slowing growth raise questions about their sustainability.\"},{\"question\":\"Which other topics are covered besides economic and policy issues?\",\"answer\":\"The issue also covers China’s data laws and their implementation, changes in foreign trade, strategic AI insights, and sector developments in gaming, education technology, energy storage, and business conditions.\"}]","CKGSB Knowledge - Volume No. 52 - December 2024 | PDF",1791937836,25]