China, reaching out to the world: Global investments and partnerships
Tuesday, October 14, 2014
Conference - 8:30 a.m. – 5:30 p.m. EST
Cornell Club of New York
6 E. 44th Street, New York, NY
The Emerging Markets Institute at the Samuel Curtis Johnson Graduate School of Management at Cornell University presents the 4th Annual Emerging Market Conference
The Samuel Curtis Johnson Graduate School of Management is launching a new MBA with the Public School of Finance at Tsinghua University in 2015. That is why this year we turn our attention to China, the second biggest economy in the world. As China is starting to sell its ‘China Dream’ what can we learn from its rapid economic development? The country (including Hong Kong) has equaled the US as the world’s largest recipient of Foreign Direct Investment, both at about US$ 2.81 trillion. At the same time, Chinese Outward foreign direct investment accelerated in 2013 and reached US$ 85billion and is likely to reach US$ 100 billion in 2015. As a result, Chinese companies have become among the biggest competitors in key industries around the world.
Featuring panel discussions on:
- Chinese Investment in the United States
In 2013, China invested more than US$ 14 billion in the US, boosted by the acquisition of Smithfield by the meat- processing company Shuan-ghui. The United States has become on of the top destinations for Chinese investments. What are the opportunities and challenges presented by these investment flows? Is the source of investment relevant?
- Ensuring sources of natural resources
Energy, metals, and real estate have been the prime targets of Chinese investments. Chinese firms in Africa and Latin America have secured long range supplies of natural resources. What are the implications for the local countries and the global economy?
- Technological and Innovation hubs
China is rapidly becoming a technology hub. Smartphone penetration in China reached 71%, which represents 300 million subscribers in 2013. On November 11 ‘day’ (the Chinese equivalent of Black Friday), Alibaba recorded US$ 5.75 billion, nearly half of Walmart’s annual sales in China in 2012. What can the world learn from these latest technology trends and innovations in China?
- Competition and cooperation: the new emerging MNCs
Chinese multi-national corporations which may have once been competitors for American firms are now evolving into cooperative partners as US and Chinese economic interests become co-mingled. How are these firms finding common ground to work together to succeed in global markets?
Welcome: Soumitra Dutta, Anne and Elmer Lindseth Dean, Professor of Management and Organizations, Samuel Curtis Johnson Graduate School of Management, Cornell University
Opening Keynote: Yuqiang Xiao, General Manager, Industrial and Commercial Bank of China Limited, New York Branch, "The Supply Chain Driven Globalization of Chinese Enterprises"
Panel I: Chinese Investment in the United States
- Alan Chu, Partner, Pricewaterhouse Coopers
- X. Rick Niu, President, Starr Strategic Partners
- Thilo Hanemann, Research Director, Rhodium Group
Moderator: Erin Ennis, Vice President, US/China Business Council
Panel II: Ensuring sources of natural resources
- Ralph Winnie, Director of Global Business Development, The Eurasia Center
- Humberto Luiz Ribeiro, Visiting Scholar, Emerging Markets Institute, Johnson @ Cornell and formerly Secretary of Commerce and Services, Brazilian Ministry of Development, Industry and Foreign Trade
- Ann Lee, Consultant, Commentator and Adjunct Professor, New York University
Moderator: Andrew Karolyi, Alumni Professor of Management, Professor Finance, Johnson Graduate School of Management, Cornell University
Lunchtime Keynote: Qingtong Zhou, VP Chief Strategy Officer, Lenovo
Panel III: Technological and Innovation hubs
- Carl Dahlman, OECD Development Centre Head of Research
- Wilfred Kwan, BS ’85, MEN ’87, COO of Global Cloud Xchange
- Mark Hutchinson, Integration Leader, Alstom and former CEO, GE China
Moderator: Victoria Lai, Economist and Editor, Economist Intelligence Unit China Service
Panel IV: Competition and cooperation: the new emerging MNCs
- David Fergusson, President, M&A Advisor
- Zhang Jian, SVP and Head of Corporate Banking Department, Agricultural Bank of China, New York Branch
- Robert Newman, J.D., Managing Partner, Newman & Morrison LLP
Moderator: Lourdes Casanova, Academic Director of Emerging Markets Institute, Johnson @ Cornell
About the Emerging Markets Institute at Johnson:
Established in 2010, the Emerging Markets Institute was founded at Cornell University’s Samuel Curtis Johnson Graduate School of Management to promote the research and study of emerging economies. The Institute provides a private forum for lively exchange among corporate leaders from emerging and developed markets and leading researchers. We are building a highly regarded academic program for the study of emerging markets—with the breadth, depth, and quality of education needed to effectively prepare business leaders for success.