Posts Tagged ‘China#8217;


China-Latin America: a two-way affair

Written on January 20, 2011 by Dirk Hopfl in IE News

IE Focus | By María del Pilar Galeote, Professor at IE Law School

China’s growing presence in Latin America is a reality, but is only half the story. Now it´s time for Latin America to do the same in China.It is a proven fact that China´s presence in Latin America is on the increase. Analyses have been made of the advantages and opportunities brought about by the situation, but disadvantages and threats it may hold for Latin American economies in the long run have also been revealed: Latin America has the opportunity to become a large-scale supplier of raw materials and, in particular, an area that demands processed products from China. That is why the route between China and Latin America needs to become a two-way affair. Like many Western countries, Latin America needs to increase its presence there.

There are many strategic reasons for encouraging entrepreneurs to invest in China. First of all, there is a significant competitive advantage in terms of costs. Low labour costs, as shown by the hourly pay of a worker in the manufacturing industry, even if current studies show that labour costs will increase in China over the coming years. If that were the only attraction of the Chinese market, decisions about investing in the country would not always be taken because the same competitive advantage also exists in other countries. However, there are other strategic reasons that justify the decision, such as the Chinese market’s huge potential at the present time. It is a market with a growing middle class that is increasing the level of demand in a large number of sectors. Read more…


China, India and Japan: Global Economic Drivers

Written on November 26, 2010 by Dirk Hopfl in Explore IE, Live IE

IE Business School and Casa Asia are organizing this conference to discuss the concerns that Asian companies have in Europe and vice versa, in order to show the full potential, from the business point of view, of relationships with three of the major Asian countries: China, India and Japan.

Every time we have more and more evidence that Asia will be the center of global economic growth over the coming decades, due to the enormous strength of the Asian economies. In Europe, Asia is perceived as a great opportunity for its high growth rates, demographic factors, infrastructure needs and rising middle classes. In Asia, Europe is perceived as a market with high rates of consumption that is valued technological capacity of their firms, the relevance of their brands and the degree of excellence shown in the design of certain products.  Read more…


IE at the Shanghai World Expo

Written on April 29, 2010 by Dirk Hopfl in Explore IE

IE is set to take part in the Shanghai World Expo, which is expected to receive 70 million visitors between May 1 and October 31. IE will be present at the beginning and close of the Expo in Spain´s Pavilion and the Madrid Pavilion, with activities that include the presentation of the Caso España case study.

IE is one of the many key Spanish institutions that will play a part in promoting Spanish culture in the Pavilions of Spain and Madrid. In order to achieve this objective, IE will be organizing two activities in Spain´s Pavilion on May 11 and 14, and a further event on October 26. The first of these has been organized jointly between IE and ESADE, bringing together the deans of both schools with the deans of leading Chinese business schools and universities, including  CEIBS, Fudan and Beijing University. The meeting will serve as a platform for an in-depth discussion about the global challenges facing business schools.

Another of the activities focuses on social networking, and will be led by Professor Enrique Dans on May 14 in Spain´s Pavilion. In the same Pavilion, but at the later date of October 26, Professor Gonzalo Garland will present Caso España, an interactive case study which shows the landmarks of Spain´s political and economic landscape from 1973 to the present day, using macroeconomic data and an analysis of the main decisions made by the different governments that have presided over Spain during that time.

IE will also run two further academic activities in the Madrid Pavilion. The first will be held on June 4 as part of IE´s international Executive Education program: China an inside view.  The activity will comprise academic sessions led by Professor Eduardo Morcillo and European students participating in the program. Moreover, the Dean and Vice Dean of Architecture at IE University will be participating in the Madrid Pavilion´s ´Madrid Urban Forum 2010,  where they will be exchanging knowledge and experiences with other international experts in areas like sustainability and the environment, infrastructures, transport, energy and social equilibrium.

Finally, on August 17 the Dean of IE University´s School of Architecture, Javier Quintana, will present the results of the summer workshop on sustainability and urban density held in Madrid, organized by IE School of Architecture and the Architectural Association of London.

IE in China

IE runs a range of international programs through its international office in Shanghai ( One such program is the residential period of IE´s International Executive MBA online, held at Fudan School of Management, taking place in June and November. Said residential period features lectures by Chinese professors from Fudan School of Management on subjects related to Chinese culture, history and business practices, coupled with visits to companies that bring students into direct contact with Chinese corporate realities. 

IE´s International Executive MBA Biweekly also includes a week in Shanghai together with students of IE´s Global MBA. This program is also run at Fudan School of Management, and comprises talks by senior managers of foreign firms operating in China – with a special focus on Spanish or European firms – who share their experiences of working in Asia.

In the executive education field IE has forged alliances in China with Cheung Kong Graduate School of Business with whom it partners for two programs. The first isEurope: an Inside View, designed for Chinese directors who want insights into corporate realities in the Western world, and which has been run at IE´s Madrid Campus for the last four years. The other program is the abovementioned China: an Inside View,which is the reciprocal program for western managers who want to learn more about Chinese corporate practices. It has been held in Beijing or Shanghai for the last four years. Both programs include not only class sessions but also visits to firms to round off the experience.

Shanghai World Expo 2010, which commences on May 1 and runs until October 31, is focused on the quality of life in cities. Shanghai, with a population of 20 million, will host the largest Expo in history. Spain has pinned all its hopes on the belief that the Expo will serve to showcase Spain in China, and has invested 55 million Euros in the project. This budget has enabled Spain to have the second largest Pavilion, with more than 7,000 m2, the largest being that of the host country, with a surface area of 100,000m2.

The Universal Expos have always had a tourist and leisure slant. The fact that this year the Expo is being held by China, the country with the greatest economic potential in the world, means that it is a unique opportunity for foreign countries, including Spain, to promote themselves.


China shows the world how to get through a crisis

Written on May 5, 2009 by Estela Ye in Explore IE

Call me mad but this crisis is good for China. It is also good for China’s role and responsibilities in the world.
Yesterday, we upgraded our gross domestic product forecasts for China for 2009 and 2010; we are now looking for 8.3 and 10.9 per cent, respectively, up from 6 and 9 per cent.
Why the optimism? It was clear that the massive rise in exports, the mainstay of the China growth model until 2008, was not sustainable. At one stage in late 2007, Chinese exports to the US alone were about 12 per cent of total GDP. This meant that exports would suffer badly in the event of something going wrong with demand in the US, and the risk of a protectionist backlash.
This led some of us to expect an end to the fixed Rmb8.28 exchange rate to the dollar and a gradual shift to a more flexible, stronger exchange rate a few years ago.
Fast-forward to the crisis. When this intensified post-Lehman, global trade suffered enormously and quickly, and it was clear that Chinese growth would suffer. It was also reasonably clear that, just as they did in response to the Asian crisis in 1997, Chinese policymakers would react swiftly and shift gears. That they have done.
Three policy initiatives stand out, and the results are starting to bear fruit, hence our upgraded forecasts.
First, in November the authorities announced massive fiscal expansion, centred on fresh infrastructure spending. While my industry has quibbled about its true size ever since, this misses the point. The statement of intent was clear; interestingly, the stock market noticed and has rallied since.
Second, and ultimately perhaps the most important development in the world economy, the government announced plans to develop a full medical insurance policy for the still vast rural community, the beginnings of which it plans to have fully implemented for 90 per cent of the rural community by 2011. This could result in an end to the excessively high Chinese savings rate and allow much stronger consumption.
Third, and critical to our forecast upgrade, the authorities, led by the People’s Bank of China, embarked on a timely reversal of tightening financial conditions of the previous two years. According to our Chinese financial conditions index, conditions have eased a huge 520 basis points since last October.
These three measures have set the scene for an acceleration of Chinese domestic demand for the rest of 2009 and 2010, just the right recipe for China and, critically, the world.
The next stage of China’s development has started and is likely to go on for years. It was partly in anticipation of this that we highlighted owning China “A” shares as one of our most favoured trades for 2009. As they have risen 50 per cent since the November stimulus announcement, the entry point is now less attractive but, as evidence of rising demand accumulates, many investors are rightly going to be attracted back to China.
The “C” in the Bric economies (Brazil, Russia, India, China) has always been the most important of the four and the events of the past five months continue to justify our excitement for the longer term.
Amusingly, in the past year many people have suggested that the Brics story is over. Nonsense – it is still in its infancy. Indeed, the updated longer-term projections we published last summer, suggesting that China could overtake the US by 2027 and that the Brics collectively could be as big as the G7 by 2027, still look decent bets to me.
At some stage in the coming months, once it becomes clear that Chinese GDP growth is safely back above 8 per cent, policymakers will allow for some tightening of financial conditions again, possibly led by the exchange rate.
In the next two years, China is very likely to overtake Japan to become the second-largest economy in the world. Some say that China might get old before it gets rich, but it is getting bigger and richer, that is for sure. One or two of its ageing G20 partners may wish to take a closer look at Chinese economic policy to see how it’s done.
Jim O’Neill is chief economist at Goldman Sachs


由国际三大管理教育权威认证体系之一的AMBA与浙江大学管理学院联合举办的“MBA质量战略与创业教育国际研讨会”暨“AMBA中国会议”于2009年 3月19日-20日在在浙江大学隆重举行,对外经济贸易大学国际商学院院长助理王智慧教授、MBA中心主任赵贞老师应邀参会。来自全国20余所MBA培养院校的近50余名院长、主任与会。
会议邀请AMBA认证机构负责人Robert Owen先生和AMBA认证中国现场认证组长Dixon教授将出席会议,详细介绍AMBA认证流程、认证标准、认证要点等,并进行AMBA认证方面的咨询与培训。



Written on April 1, 2009 by Estela Ye in Go for IE

OBJECTIVES: Aimed at alumni who are interested in expanding their international vision and understanding, with a regional perspective, as well as gaining insight into the relationship and impact of multicultural communities. This course mainly aims at alumni who are interested in one of the world’s fastest growing economies and in learning more about its trade relations.
DATES: May 25, 2009 to May 28, 2009.
VENUE: Fudan University, Shanghai.
COURSE FEE: Associates: €440 ; Non-associates and guests: €600
SPEAKERS & SESSIONS: The course will contain sessions on different areas focusing on the economy and demographics of China. The subjects covered will include the Chinese Economy, Finances, Education, Investment Opportunities, etc. Sessions will be given by entrepreneurs and representatives of important institutions.
COMPANY VISITS: Participants will also have the opportunity to visit companies based in and around Shanghai.
CITY TOUR: IE Alumni Association will organize a guided tour of Shanghai on Sunday, May 24.
For more information, please contact or
Place: Fudan University, Shanghai
Date: 25/05/2009


China sees path to growth for MBAs in downturn

Written on April 1, 2009 by Estela Ye in Go for IE

The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis.
The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis.
China, the world’s third-largest economy behind the United States and Japan, had already become more assertive; now it is exploiting its unusual position as a country with piles of cash and a strong banking system, at a time when many countries have neither, to acquire natural resources and make new friends.
Last week, China’s prime minister, Wen Jiabao, even reminded Washington that as one of the United States’ biggest creditors, China expects Washington to safeguard its investment.
China’s leaders are turning economic crisis to competitive advantage, said economic analysts.
The country is using its nearly $600 billion economic stimulus package to make its companies better able to compete in markets at home and abroad, to retrain migrant workers on an immense scale and to rapidly expand subsidies for research and development.
Construction has already begun on new highways and rail lines that are likely to permanently reduce transportation costs.
And while American leaders struggle to revive lending — in the latest effort with a $15 billion program to help small businesses — Chinese banks lent more in the last three months than in the preceding 12 months.
‘The recent tweaks to the stimulus package indicate a sharper focus on the long-term competitiveness of Chinese industry,’ said Eswar S. Prasad, a former China division chief at the International Monetary Fund.
‘Higher expenditures on education and research and development, along with amounts already committed to infrastructure investment, will boost the economy’s productivity.’
The international economic slowdown is also doing some things that Chinese authorities had tried and failed to do for four years: slow inflation, reverse what had been an ever-growing dependence on exports and pop a real estate bubble before it could grow even bigger.
The recession in most of the large economies in the world is inflicting real pain here — causing a record plunge in Chinese exports, putting 20 million migrant workers from within China out of their jobs and raising the potential for increased and sustained social unrest. But as President Hu Jintao told the National People’s Congress last week, “Challenge and opportunity always come together — under certain conditions, one could be transformed into the other.”
To that end, Chinese companies are shopping for foreign businesses to acquire. The commerce ministry announced late Monday that it was greatly easing the government approval process for Chinese companies seeking permission to make foreign acquisitions.
The ministry is now leading its first mergers and acquisitions delegation of corporate executives to Europe; the executives are looking at companies in the automotive, textiles, food, energy, machinery, electronics and environmental protection sectors.
The government initiatives coincide with some immediate benefits of the slowdown for China. For instance, air freight and ocean shipping costs have plunged by as much as two-thirds since last summer as demand has fallen.
Blue-collar wages, which had doubled in four years in some coastal cities, have fallen for many workers this winter, causing personal pain but reviving China’s advantage in labor costs.
Unemployment has pushed down the piece rates that factories pay for each garment sewn or toy assembled. Overtime has practically disappeared.
Lao Shu-jen, a migrant worker from Jiangxi province who works at a blue jeans factory here, said that he earned $350 a month late last year but would be lucky to earn $220 a month this spring.
“There are a lot of blue jeans” piling up in the back of the factory with no sign of buyers, he said.
Highly qualified middle managers, in acutely short supply a year ago, are now widely available because of layoffs. They are likely to stay that way — although white-collar unemployment could pose a threat of social unrest. Limited job opportunities contributed to the Tiananmen Square protests 20 years ago.
Some jobs are still available now. Four days after a shoe factory closed here for lack of orders, laying off several hundred workers, there were four ads on the factory’s front gate from other shoe factories seeking to hire skilled workers.
Unskilled laborers face the greatest difficulty finding jobs. But with subsidies from Beijing, provincial governments have embarked on large-scale vocational training programs of the sort that the United States has discussed but not actually tried.
The New York Times reported that in Guangdong province alone, in southeastern China, is quadrupling its vocational training program this year to teach four million workers engaged in three-month or six-month programs.
The main comparable program in the United States, under the Workforce Investment Act, has been training fewer than 250,000 a year, although President Obama’s stimulus program provides funding that could double the number of American workers in training programs.
The Guangdong training programs are half in the classroom and half in the factory, usually the business that plans to employ the trainees. By increasing productivity, training programs can hold down corporate labor costs per unit of production for years to come.
China’s huge training programs may also help preserve social stability by keeping the unemployed off the streets, although Chinese officials deny that is their intention.
Multinationals are cutting back less in China than elsewhere — and some are even expanding.
Intel is shutting down semiconductor production lines sooner than previously planned at older, smaller operations in Malaysia and the Philippines as it opens a large, new factory in Chengdu in western China.
IMI Plc., the big British manufacturer of items as diverse as power plant valves and brewery equipment, has just announced an accelerated shift of operations to China, India and the Czech Republic, after cutting its global work force by 10 percent since December.
And Hon Hai, the 600,000-employee Taiwanese company that is one of the world’s largest contract manufacturers of products like the Apple iPhone and Nintendo Wii game console, has just increased employment by nearly 5 percent in China even as it cuts overall employment by 3 to 5 percent.
Yet China’s economy still has weaknesses. Little is being done to shift the economy away from a heavy reliance on capital spending and toward greater consumption. The social safety net of pensions, health care and education barely exists, so Chinese families save heavily.
Strict government policies on labor and the environment, intended to address serious shortfalls in both and imposed a year ago when China felt more confident of its economic strength, are prompting low-tech industries like toy manufacturing to move to other, less stringent countries.
Top labor officials insisted during the National People’s Congress that they would resist suggestions from some Chinese executives that the new standards be relaxed.


Chinese premier arrives in Spain for official visit

Written on February 2, 2009 by Estela Ye in Go for IE

hinese Premier Wen Jiabao arrived here Friday for an official visit aimed at further bolstering bilateral political ties and cultural exchanges between China and Spain.

Read more…



Written on December 23, 2008 by Estela Ye in Go for IE, IE News



IE Virtual Insight Session IE网上咨询

Written on December 23, 2008 by Estela Ye in Go for IE, IE News

Please find the below links to the recordings of IE Virtual Insight Session:
IE Careers Management Department
· Spanish (11 Dec. 2008) –
· English (11 Dec. 2008) –
· English (17 Dec. 2008) –
IE Financial Aid
· English (Dec. 2008):
· Spanish (Dec. 2008):
As of recently, we also have videos en our MediaCampus on Financial Aid (scholarships, fellowships and loans):

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