Arriving in Shenzhen last week, I saw a poster for a local company called Stylution. Multinationals have concocted a similarly awkward “stylish solution” to the problem of how to staff expansion in China: hire hybrid managers with a perfect mix of global and local experience.
Apple $60m settlement with Proview Technology of Shenzhen, the manufacturing city in the Pearl River delta, to gain undisputed control of its iPad trademark, shows how tricky controlling intellectual property in China remains.
China is still stuck between its official policy of moving to more innovation and protection of intellectual property and the sketchier reality on the ground. It remains very easy to buy knock-off Apple phones and components in the Pearl River. Read more
The news that sales of Rolls-Royce cars in China have overtaken those in the US, and that China now accounts for 31 per cent of Rolls-Royce’s sales, makes me wonder if we have reached a turning point for luxury design.
That sprung to mind when I saw a BMW M5 driving along a parkway in the US the other day. Although this is subjective, my first reaction to looking at its rear view and tail lights was that it would have looked more at home on the Bund in Shanghai. Read more
We all know that the world’s economic centre of gravity is moving east as India and China grow rapidly, but Danny Quah of the London School of Economics has managed to draw a map of it. Read more
The speed at which global auto makers, particularly luxury car companies, are switching their focus of interest from the US to China continues to amaze.
BMW’s results on Tuesday, showing that its second quarter sales in China doubled from 22, 700 to 45,200, followed a declaration on Monday by Volvo’s new Chinese chairman that it will compete more directly with BMW, Mercedes and Audi.
China’s luxury car market is not only growing very rapidly but also has better margins than other markets, making it very attractive to global car companies. Read more