Know What’s Next: Leading Chinese Business School CKGSB is Fostering China Insight for Coming Decade

New York - Media OutReach - October 21, 2011 — Beijing-based Cheung Kong Graduate School of Business (CKGSB) is exporting unique insight on China to the United States by co-organizing today’s Eighth China Institute Executive Summit in New York. The annual summit shapes the course of U.S.-China business relations by assembling key businesspeople, economists and government and NGO experts from both the United States and China for a full day of discussion. This year’s theme is, “Leading the Next Decade: New Dynamics in U.S.-China Business Relations.” One way in which CKGSB is delivering China knowledge is through the school’s dean, Dr. Xiang Bing, giving the summit’s opening keynote address on the past, present and future of Chinese businesses. Xiang is an expert and frequent media commentator on the globalization of Chinese businesses.

Xiang’s address will chart the driving forces behind China’s immense economic progress since 1978, as well as the limitations inherent in China’s current business model. According to Xiang, these limitations include a heavy focus on non-mainstream industries, high trade dependence, hidden environmental costs, rising income inequality, competing on “price not value” and a negative perception from abroad. He will then chart three generations of Chinese entrepreneurs, beginning with the manufacturers who started China’s boom, moving to the service industries that are sustaining that boom today and, finally, looking ahead to the globally integrated enterprises that will drive future growth. Xiang will conclude by discussing the new strategies, models and values of the next generation of Chinese business leaders.

CKGSB is also exporting to the U.S. on-the-ground insight into China’s current business environment by bringing 90 of its current and former executive MBA candidates to the summit to attend and serve as discussion panelists. These Chinese business leaders come from industries including green tech, pharmaceuticals, manufacturing, real estate and finance.

CKGSB, which has offices in Beijing, Hong Kong, London and New York, is mainland China’s first non-profit, private and faculty-governed business school, and China’s first home-grown business school to establish a presence overseas. The school boasts an alumni network of China’s most influential entrepreneurs and top executives, and seeks to give global executives clearer and deeper insight into the economic and business issues they face as China and other emerging nations play increasingly important roles in the world economy. This insight is generated by a faculty of leading business academics with experience in both China and the West.

In addition to CKGSB’s New York office serving as a base for faculty and student research, learning and exchange, the school also partners with Columbia Business School for an annual three-day executive education program in New York, “Global Business Strategy: China.”  CKGSB aims in coming years to continue delivering insight directly to global executives by becoming the first Chinese business school to offer EMBA degree programs in Europe and North America.

“CKGSB is building a global business education platform,” comments Xiang, the school’s dean. “You can’t say you know anything about global business if you don’t understand China’s role in it. CKGSB is building the bridges that are bringing China to the world.”

 

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About CKGSB Established in 2002 and financed by the Li Ka Shing Foundation (LKSF), Cheung Kong Graduate School of Business (CKGSB) is China’s first faculty-governed, non-profit and independent business school. CKGSB’s mission is to generate world-class insights on management theory and practice, and to develop business leaders for a new era of global business in China and beyond. Headquartered in Beijing, CKGSB has satellite campuses in Shanghai and Shenzhen, and a network of international offices in London, New York, and Hong Kong. CKGSB offers MBA, finance MBA, EMBA and executive education programs.