The latest edition of the Blue Book confirms that growth in China’s “new normal” economy is being driven increasingly by rising domestic consumption and private entrepreneurship focused on mobile e-commerce, social e-commerce, rural e-commerce, and cross-border e-commerce. The current trends signal more than just a “new normal” for China; they mark the start of more sustainable growth that provides fertile ground for new economy innovations with far-reaching possibilities.
The Blue Book provides a comprehensive account of the latest developments and forecast of China’s commercial sector in the 13th Five-Year Plan period. It concludes that China has entered a new era fuelled by domestic consumption and private entrepreneurship focused on mobile e-commerce, social e-commerce, rural e-commerce, and cross-border e-commerce.
The Fung Business Intelligence’s analysis is that this is more than just a “new normal”; it is the beginning of sustainable growth that is a fertile ground for innovative ideas that will have far-flung ramifications within China’s borders as well as for Hong Kong investors and beyond.
Findings, insights, and implications for Hong Kong and investors were presented at the roundtable by:
- Chang Ka Mun, Managing Director of Fung Business Intelligence
- Prof. Dr. Jing Linbo, Director at The Chinese Academy of Social Sciences (CASS), Managing Editor of the Chinese version of the Blue Book 2016-2017 and former Vice-President of the National Academy of Economic Strategy at CASS
- Teresa Lam, Vice President for Asia Distribution and Retail at Fung Business Intelligence and Chief Editor of the English and Chinese version of the Blue Book 2016-2017
The Blue Book of China’s Commercial Sector (2016-17) can be purchased from Amazon https://www.amazon.com/Blue-Chinas-Commercial-Sector-2016-17/dp/98147639...
Highlights of the Blue Book
Photo: From left to right: Teresa Lam, Vice President (Asia Distribution and Retail), Fung Business Intelligence ; Chang Ka Mun, Managing Director, Fung Business Intelligence; Prof Jing Linbo, Director of Chinese Evaluation Center for Humanities and Social Sciences of Chinese Academy of Social Sciences.