CKGSB—Cheung Kong Graduate School of Business

What are the key signals shaping investor sentiment in China? 💡

💰Our latest CKGSB Investor Sentiment Survey, led by our Professor of Accounting and Finance LIU Jing, highlights 7 trends—from a potential end to deflation and stronger-than-expected GDP growth to the rise of private enterprises and strategic emerging industries.

👉Swipe through for the insights.

Follow CKGSB for research, insights, and expert perspectives on China and global business.

🎉 Today, CKGSB officially opens the doors to its first permanent campus in Beijing—a milestone more than two decades in the making.

🏠 Located in Ciqikou, metaphorically translated by our Founding Dean as “China’s Gateway,” the campus sits between two worlds.

To one side stand the Forbidden City and the Temple of Heaven, symbols of China’s rich history and civilization.

To the other rises Beijing’s CBD, reflecting the country’s dynamism, innovation, and global ambitions.

💡There could be no more fitting home for CKGSB.

Since our founding in 2002, we have been committed to helping leaders understand China’s evolving role in the world and navigate an increasingly complex future.

💪🏻This new campus strengthens that mission and creates a permanent space where ideas, research, and leadership can come together to shape what comes next.

A vision 23 years in the making. A new home for the next generation of business leaders.

Welcome to CKGSB’s new Beijing campus.

👉Learn more via link in bio.

Every new government faces tough choices. When debt is high, policymakers often change tax rules to pay the bills—breaking long-term plans and creating short-sighted decisions that hurt the economy.

A new study by CKGSB Professor Neng Wang, Nobel laureate Thomas Sargent, and Wei Jiang, accepted by the Journal of Political Economy, offers a surprising solution: short-term debt.

Here’s the idea:
- Timing matters: Governments can set rules so that future policymakers are more likely to follow them.
- Short-term debt as a tool: Bonds that mature quickly give future governments flexibility without breaking the original plan.

The result? Even under high debt, long-term tax plans can stay on track, helping governments make smarter, more consistent fiscal decisions.

Follow us as we share more original insights into the economics, finance and management!

New Business Models in China: The Rise of Labubu

The rise of Labubu, a phenomenon in China’s emotional economy, has taken the internet by storm. But it’s not just about a catchy mascot or viral marketing—it’s about understanding the deep emotional connections that brands can forge with consumers.

In this insightful analysis, our Professor Fan Xinyu unpacks how Labubu has tapped into the emotional landscape of the digital age and what it means for businesses looking to thrive in today’s experience-driven economy.

A must-read if you are curious about how emotional connections drive consumer behavior and brand loyalty. Follow us for our China’s New Business Models series!

As we celebrate Earth Day this year, we invite you to read our Dean Li Haitao’s reflection on CKGSB’s approach to ESG and social innovation strategies, and how our professors are shaping social-minded business leaders. https://english.ckgsb.edu.cn/esg-social-innovation/pioneering-social-innovation-and-esg-leadership/

The Earth Day is a powerful reminder of our ongoing commitment to social innovation and sustainability. At CKGSB, we are proud to nurture leaders who not only drive responsible business practices but also lead by example, creating a collective force of good in society.

Join us as we continue to work together to build a greener, more inclusive future for all. 🌏

Hangzhou has quietly become China's most interesting tech story.

Six startups out of one city — DeepSeek, Unitree, Game Science, DEEP Robotics, BrainCo, Manycore — are doing the kind of work that used to come out of Shenzhen or the Bay Area.

Part of it is the city itself. Decades of investment in the digital economy, a dense talent pool around Alibaba and the local universities, and a culture where founders help other founders get off the ground. Most of these teams trace their lineage back to that same orbit. The interesting part is what's next. Each of these companies has a strong story at home — the real test is whether they can cross over and hold their own against the best in the world.

Worth a read: https://english.ckgsb.edu.cn/knowledge/article/hangzhou-tech-startups-and-ai-innovation/

Watching China’s private economy but lacking reliable data? 📊

👉Check out CKGSB Business Conditions Index (BCI), a set of diffusion indices offering a crucial snapshot of China’s private sector and tracking key business trends through a comprehensive executive survey. 👋Swipe to see our March 2026 data.

While the dip is modest, it still indicates a cautiously optimistic outlook for businesses in China.

Follow us as we share more authentic data about China's economy.

The Belt & Road Initiative is entering a new phase—and it’s not what many expected.

For years, the focus was on massive infrastructure and headline-grabbing megaprojects. But the latest insights from CKGSB suggest a clear shift in strategy.

After more than a decade and $1.4 trillion in cumulative engagement across 150+ countries, the model is evolving.

What’s changing?
🔹 From scale to sustainability: fewer megaprojects, more targeted investments
🔹 From state-led to diversified capital, with growing private sector involvement
🔹 From infrastructure-heavy to energy, technology, and “green” development
🔹 From expansion to optimization—prioritizing returns, risk control, and impact

The bigger takeaway:

Global strategies don’t stay static. Even the largest initiatives must recalibrate—especially in a more complex geopolitical and economic environment.

Follow CKGSB as we decode a changing China for you.

“Employees can clearly see how AI improves their efficiency—but at the same time, many worry it could one day replace them.”

This observation from our Professor Zhang Xiaomeng captures a growing tension in today’s workplace.

As AI adoption accelerates rapidly across China—highlighted by the recent surge around OpenClaw—these concerns are no longer hypothetical. They’re becoming real considerations for professionals navigating an evolving job landscape.

In her latest article, Professor Zhang explores how Chinese professionals perceive AI and what it means for the future of their work. https://english.ckgsb.edu.cn/knowledge/professor_analysis/the-impact-of-ai-on-employee-mental-health-in-china/

Follow us for more insights into China's changing landscape and find management and leadership inspirations for your business.

Most companies think “going global” means selling in more mature countries. But our recent CKGSB Knowledge article highlights how Jack Technology took a less obvious path, and won.

Instead of chasing developed markets first, the company started in smaller, less mature regions.

Not for scale, but for learning. Over three decades, this approach helped Jack evolve from a local manufacturer into a global leader operating in 170+ countries, with ~20% market share.

What stands out:

🔹 Global brands aren’t built through marketing—they’re built through capability
🔹 Smaller markets offer space to refine product, channels, and service
🔹 Trust is earned through consistent delivery, not storytelling
🔹 Scaling globally is a sequence of upgrades—not a single leap

CKGSB studies best practices, and failures, of businesses as they scale up with more than 20 years of experience teaching business leaders who collectively lead one of the five most valuable brands in China.

Follow us for more insights into business and growth strategies!