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Xi Jinping has rallied south-east Asian nations against Donald Trump's trade war, uniting them against what he calls 'unilateral bullying' by the U.S. So, did he succeed in winning support against America's sweeping tariffs? In this episode: Shaun Rein, Director, China Market Research Group. Deborah Elms, Head of Trade Policy at Hinrich Foundation. Paolo Von Schirach, President of Global Policy Institute. Host: Dareen Abughaida Connect with us:@AJEPodcasts on Twitter, Instagram, Facebook
"In your 20s learn how businesses work, how humans work. In your 30s implement your knowledge and make money. And in your 40s start giving back to younger people and society.” Shaun Rein is the Founder and Managing Director of the China Market Research Group (CMR), the world's leading strategic market intelligence firm focused on China. Shaun is internationally popular economics speaker who works with boards, billionaires, heads of states, CEOs and senior executives of Fortune 500 & leading Chinese companies, private equity firms, SMEs and long/ hedge funds to develop their China growth, political and investment strategies. Shaun is the author of international best-sellers "The War for China's Wallet: Profiting from the New World Order," "The End of Cheap China" & "The End of Copycat China" — and has been featured in the Wall Street Journal, The Financial Times, the New York Times, Forbes, Bloomberg Businessweek, CBS, CNN, BBC, CNBC, PBS, CNBC, NPR / APM Marketplace, and MSNBC. Born in New Hampshire, Shaun earned his BA from McGill University and his MA from Harvard. He's previously taught executive education classes for London Business School and has served on the Board of Trustees for St. Paul's School. Shaun lives in Shanghai, China. This is part of our Chinese leaders series - hosted by P&G Alumni Emily Chang. Got an idea for a future “Learnings from Leaders” episode? Reach out at pgalumpod@gmail.com
Chinese equities have rebounded this year as the Chinese government has introduced a series of measures to prop up the economy and property market, but data is still mixed on where the economy is headed. So has China truly bottomed out? Howie Lim finds out from Shaun Rein of China Market Research Group. Synopsis: Every Monday. The Business Times breaks down useful personal financial tips with expert guests. Highlights of the conversation: 01:07 How investible is China now? 04:19 Analysis of China's real estate market 09:28 Trajectory of China's economy 13:26 Investment opportunities in China --- Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. We'll look into it for future episodes. --- Written and hosted by: Howie Lim (howielim@sph.com.sg) With Shaun Rein, founder, China Market Research Group Edited by: Howie Lim & Claressa Monteiro Produced by: Howie Lim Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Money Hacks podcasts every Monday: Channel: bt.sg/btmoneyhacks Amazon: bt.sg/mham Apple Podcasts: bt.sg/oeXe Spotify: bt.sg/oeGN YouTube Music: bt.sg/mhyt Google podcasts: bt.sg/oeGP Website: bt.sg/moneyhacks Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Mark To Market Podcast at: bt.sg/btmark2mkt WealthBT at: bt.sg/btwealthbt PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/pcOM BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.
Chinese equities have rebounded this year as the Chinese government has introduced a series of measures to prop up the economy and property market, but data is still mixed on where the economy is headed. So has China truly bottomed out? Howie Lim finds out from Shaun Rein of China Market Research Group. Synopsis: Every Monday. The Business Times breaks down useful personal financial tips with expert guests. Highlights of the conversation: 01:07 How investible is China now? 04:19 Analysis of China's real estate market 09:28 Trajectory of China's economy 13:26 Investment opportunities in China --- Now, we want to hear from you! Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg. We'll look into it for future episodes. --- Written and hosted by: Howie Lim (howielim@sph.com.sg) With Shaun Rein, founder, China Market Research Group Edited by: Howie Lim & Claressa Monteiro Produced by: Howie Lim Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Follow BT Money Hacks podcasts every Monday: Channel: bt.sg/btmoneyhacks Amazon: bt.sg/mham Apple Podcasts: bt.sg/oeXe Spotify: bt.sg/oeGN YouTube Music: bt.sg/mhyt Google podcasts: bt.sg/oeGP Website: bt.sg/moneyhacks Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice. --- Discover more BT podcast series: BT Mark To Market Podcast at: bt.sg/btmark2mkt WealthBT at: bt.sg/btwealthbt PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/pcOM BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.
China is undoubtedly the biggest economic success story of our lifetime. Between 1978 and 2017, China averaged almost 10% year-over-year GDP growth. Decades of pro-investment policies transformed China from a closed, centrally-planned economy to an economic powerhouse that could rival the US. But in the last decade, Chinese President Xi Jinping has been moving the country back to its socialist roots, with major crackdowns in tech, real estate, and foreign investment. Xi's vision is one of almost total state control, where businesses conform to the goals of the Chinese Communist Party, not the other way around. Can communist ideology mixed with capitalist ambition sustain growth into the future? Is Xi setting up China for another four decades of economic success? And what do China's citizens make of its return to socialist roots? To discuss all that and more on the GZERO World podcast, Ian Bremmer sits down with Shaun Rein, Founder and Managing Director of the China Market Research Group, based in Shanghai.
China is undoubtedly the biggest economic success story of our lifetime. Between 1978 and 2017, China averaged almost 10% year-over-year GDP growth. Decades of pro-investment policies transformed China from a closed, centrally-planned economy to an economic powerhouse that could rival the US. But in the last decade, Chinese President Xi Jinping has been moving the country back to its socialist roots, with major crackdowns in tech, real estate, and foreign investment. Xi's vision is one of almost total state control, where businesses conform to the goals of the Chinese Communist Party, not the other way around. Can communist ideology mixed with capitalist ambition sustain growth into the future? Is Xi setting up China for another four decades of economic success? And what do China's citizens make of its return to socialist roots? To discuss all that and more on the GZERO World podcast, Ian Bremmer sits down with Shaun Rein, Founder and Managing Director of the China Market Research Group, based in Shanghai. Subscribe to the GZERO World with Ian Bremmer Podcast on Apple Podcasts, Spotify, or your preferred podcast platform, to receive new episodes as soon as they're published.
EU leaders have agreed on a more ambitious 55% goal for cutting greenhouse gases by 2030. We get reaction from Mark Breddy of the environmental organisation Greenpeace in Brussels. And we find out how challenging the target will be for Poland, which is home to around half of all coal workers in the EU, from Robert Tomaszewski, an energy analyst at Polityka Insight in Warsaw. Also in the programme, the BBC's Manuela Saragosa finds out why the UK's ambition to ban live animal exports after Brexit could be difficult to achieve. Plus, we find out why shares in Chinese toy maker Pop Mart rose by almost 80% on their debut in Hong Kong, from Shaun Rein, managing director of China Market Research Group
In today's programme, Elizabeth Hotson asks how supply chain issues in China’s pork industry could help home grown meat alternatives go mainstream. As pork prices rise and China looks to new forms of protein, we hear from David Yeung from Green Monday, the company behind popular mock-pork product, OmniPork. A rival for the synthetic pork crown, Vince Lu from Zhenmeat, tells us why he has high hopes that his meat free tenderloin will corner the hot pot market and Matilda Ho, founder of Bits x Bites, a food tech VC fund, explains why she's investing in the alternative protein market. We also hear from Bruce Friedrich, co-founder of the Good Food Institute which promotes plant-based alternatives to animal protein. And Shaun Rein, Managing Director of the China Market Research Group asks whether the sales match the hype. Picture: Soup dumplings with OmniPork filling via OmniPork
China has been one of the biggest financiers of infrastructure projects in Africa, but many African economies have been hit hard by the Covid 19 pandemic. So will China prove to be a generous and understanding creditor? Can it even afford to be? In the edition of the programme we hear from Zhengli Huang, a freelance researcher in Nairobi, on what’s likely to happen to Chinese-financed projects in Africa. Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins School of Advanced International Studies, looks at what sort of debt relief China can realistically offer; and Ben Cavender, managing director of the China Market Research Group in Shanghai, talks about whether China could cope with the economic hit of many countries suddenly defaulting on their debt repayments. Presented by Manuela Saragosa. Produced by Joshua Thorpe. (Picture: Woman serving Chinese tea in a traditional tea ceremony; Credit: Creative-Family/Getty Images)
Is the rapid build up of consumer and corporate credit a threat to China's economic wellbeing? On the 70th anniversary of the founding of the People's Republic, Ed Butler asks whether the increasing dependence on debt of this officially communist nation is becoming a problem. The programme includes interviews with Shanghai-based journalist Liyan Ma, Shaun Rein of business strategy consultants China Market Research Group, and economist Linda Yueh. (Picture: People's Liberation Army personnel participate in a military parade at Tiananmen Square in Beijing to mark the 70th anniversary of the founding of the Peoples Republic of China; Credit: Greg Baker/AFP/Getty Images)
In this episode, I invited Shaun Rein who is the managing director of China Market Research Group to talk about all his 20+ years of experience of being in China and working with executive and head of states in regards to doing business in China and what Chinese consumers want in 2019! For more information visit: https://simplifyway.com/podcast/Support the show (https://simplifyway.com)
Shaun Rein is the founder and managing director of the China Market Research Group (CMR), a globally prominent strategic market intelligence firm focused on China. He works with boards, billionaires, heads of state, CEOs and senior executives of Fortune 500 and leading Chinese companies, private equity firms, SMEs and hedge funds, to develop their China growth, political and investment strategies. Rein wrote international best-sellers The War for China’s Wallet: Profiting from the New World Order, The End of Cheap China and The End of Copycat China. Rein is regularly featured in The Wall Street Journal and the Financial Times. His op-eds have appeared in The New York Times. He frequently appears on CNN, BBC, MarketPlace, CNBC, Bloomberg, PBS and MSNBC. Rein formerly taught executive education classes for London Business School and was a weekly columnist for CNBC and Forbes. He also wrote a column for Bloomberg BusinessWeek. Rein is one of the world’s most sought after keynote speakers for his focus on innovation, consumer trends and the economy in China. His speaking engagement clients have included: Estée Lauder, Adidas, HSBC, AXA, Credit Suisse, Baker McKenzie, Blackrock, Baillie Gifford, KPMG, Macquarie Bank, Nomura, Baird, Deloitte, CLSA, Solvay, Sodexo, and Nestle. Apart from China and Hong Kong, he has spoken in economies such as South Africa, Australia, the US, the UK, Canada, Singapore, Thailand, Mexico, Vietnam, Japan, and South Korea. “I had the students but it was very difficult for me to actually turn a profit. The difficulty in human resources in China has become a central theme of my business and most businesses that we’ve worked with over the past two decades. Mine started with the difficulty of hiring foreign talent, but actually the lack of top Chinese talent and the inability to retain good talent has been a major problem for me in my company China market research group ever since we started in 2005.” Shaun Rein Support our sponsor Today’s episode is sponsored by the Women Building Wealth membership group, the complete proven step-by-step course to guide women from novice to competent investor. To learn more, visit: WomenBuildingWealth.net. Worst investment ever In around 2001, while Shaun was a 23-year-old a graduate student at Harvard University, he was putting some thought to the big question: “What am I going to do with my career?” What he did know was he never wanted to go the corporate route and work somewhere like McKinsey or Goldman Sachs, even though most of his classmates were headed in that direction. Instead, he had been interested in entrepreneurship ever since he had run an event-organizing company in Canada while he was a student at McGill University. The company managed 3,000-head dance parties, populated mostly by pre-legal-drinking-age (21) Americans that he bussed up to Montreal, where the legal drinking age is 18. At the time, he was living in Tianjin, China, going to and from there and Cambridge, Massachusetts. He realized there was a great opportunity for teaching English because “Chinese love America”, and they wanted to learn English. Budding idea to start English learning center in China So he decided to set up an English language learning center for 5-15 year olds and teens in China. The center’s focus was on speaking, because a lot of local children could already read and write well, but he and his team wanted them to learn correct American-accented English. So he returned to Tianjin, found Chinese partners, and set the company up with the unique selling point that every teacher would be a current or former Harvard student or teacher. Center opens with a bang but various snags emerge He opened the company and to big celebration. Classes started and people were very excited to have Harvard students or Harvard graduates coming to Tianjin. Within day one, the center had registered more than 300 students. It was a really exciting time but quite soon the enterprise was not to go quite as planned. There were small problems. There were big problems. On opening day, the police came in and said: “We’ll protect you. We want protection money.” Shaun declined so the police rapidly closed down the center. Hard to entice Harvard types to Tianjin On opening day, they had to find new office space, which they did on the campus of Tianjin Normal University. They made a deal to use classrooms and the police could not bother them. So that was one of the “small” problems, the “regulatory” issues with the police. Then they had the bigger problems. Even though the Chinese students wanted to learn from Harvard graduates, Harvard graduates were not too fussed about living in Tianjin. At the turn of the millennium, the enormous port city was polluted and not very amenable. Expensive to set up and maintain Rental costs, even for the time, were quite high in China, especially to fit out a learning center than met the style demands of the parents of the little emperors and empresses. They really wanted to have the nicest classrooms, the best teachers, and the best of everything, which added already the climbing costs. Suffice to say, Shaun made a profit of around 50,000 RMB (less than US$10,000 over the three years the center was operating. He was living in a US$150-dollar-a-month apartment, and could not even pay for his plane ticket to return home. It was a very difficult time. Key test is to fund and retain foreign or Chinese talent He had the students but it was very difficult for him to turn a profit, and the difficulty with human resources in China became a central theme for Shaun. Most businesses he has worked with over the past nearly 20 years started with problems the difficulty of hiring foreign talent. Now the lack of top Chinese talent and the inability to retain them has been a major problem for Shaun and China Market Research Group ever he started the company it in 2005. “But you’re definitely going to find as a foreign company a very uneven an unfair playing field. So I think the issues I had in my failure two decades ago, are going to be the same issues that companies face today.” Shaun Rein Some lessons Supply chain is a key issue Many people underestimate the importance of getting raw materials or the inputs for your product or service. In his case, it was Harvard graduates. Infrastructure too is underestimated China has continued to dominate the global economy in the past decade and will continue that due to its incredible infrastructure. China protectionism - true for local and US companies Trump and a lot of people criticize China for being protectionist and unfair to foreign companies but that is only a part of the story. But there’s too much protectionism for state-owned enterprises, such as the Bank of China or China Telecom. So it is an uneven playing field for both foreign and private Chinese companies. It’s very difficult to be a private Chinese company if you are small or medium-sized and lack high-level connections because the government will over-regulate, which stifles innovation. If your company is successful, the government or a state-owned enterprise will take it away. Actionable advice Get a good team together They can be Chinese or foreign people. What matters is that they are loyal, knowledgeable, and know how to conduct business in China, how to navigate the local market. “You can’t parachute a Chinese-born citizen who has been living in the US for 20 years in to China to run an operation.” China 20 years ago is very different from China today The first thing is to get top talent that understand how to navigate the local Chinese market. President Xi is trying to change the culture of business and politics in China and he is doing so but it will be difficult. But businesses will not be asked for bribes now in China as you would have been 20 years ago. No. 1 goal for next the 12 months To be a billionaire To make US$250,000 dollars for a single keynote speech. He’s at about US$50,000 now, but he really wants to match Bill Clinton’s rate To get another book or documentary released To produce a five-episode series on Netflix or a similar channel to help Western businessmen and visitors to better understand China Parting words Yeah, you just can't win unless you know how to lose. So losing is not losing long term if you take the right attitude. But failures are the stepping stones to success. You can also check out Andrew’s books How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points Connect with Shaun Rein LinkedIn Twitter Website Email Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned Shaun Rein (2018) The War for China’s Wallet: Profiting from New World Order Shaun Rein (2014) The End of Copycat China: The Rise of Creativity, Innovation, and Individualism in Asia Shaun Rein (2012) The End of Cheap China: Economic and Cultural Trends that Will Disrupt the World
China's economy is slowing down. What does it mean for the rest of the world? We hear from Shanghai where consumers are spending less. Economist Linda Yueh gives her analysis while Shaun Rein, managing director of the China Market Research Group in Shanghai, worries about the growing trade war with the United States. Presented by Ed Butler.(Photo: A worker in a Chinese grocery store waits for customers, Credit: Getty Images)
Originally aired as CW 543. Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs.
Originally aired as CW 252 Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs. Many companies have begun doing business in China, due to what Shaun refers to as “capitalism on steroids.” Labor costs have increased in China to the tune of around 20 percent, and the government is trying to increase wages yearly over the next five years. Another factor affecting manufacturing costs over time is that fewer of the younger generation wants to be employed in manufacturing jobs, wanting to realize their white class dreams. China is also pushing middle class development to offset the manufacturing issue. Shaun Rein is the Managing Director of CMR, the world's leading strategic market intelligence firm. He is one of the world's recognized thought leaders on strategy consulting. He is a columnist for Forbes on Leadership, Marketing, and China and for BusinessWeek's Asia Insight section. He is often featured in the Wall Street Journal, the Harvard Business Review, The Economist, The Financial Times, Newsweek International, Bloomberg, Time, and the New York Times. He is regularly interviewed by American Public Radio's Marketplace and NPR. He frequently appears to deliver commentary on CNBC's Squawk Box, Bloomberg TV, CBS News, and CNN International TV. Before founding CMR, he was the Chief of Research for venture capital firm Inter-Asia Venture Management. He also was the Managing Director, Country Head China for e-learning software company WebCT where he also ran the company's Taiwan and South Korean operations. He also served as the Assistant Director of the Center for East Asian Research at McGill University. He earned his Master's degree from Harvard University focused on China's economy and received a BA Honors from McGill University.
A new online poll is suggesting over two-thirds of all Chinese consumers no longer trust Western fast-food companies. This comes on the heels of a new scandal connected to rotten meat reportedly being sold to a number of fast-food chains, including McDonalds and KFC. The survey by Sina.com shows 77 percent of the respondents say they feel the restaurant brands affected by the tainted-meat were aware of their sourcing company's faulty practices. 69 percent of those who submitted a response to the online poll say they will no longer dine at the restaurants run by the companies. "Their credibility reduced among the public," "I believe that the government will solve this problem, only after that will I eat their food again," China's food safety watchdog has announced a nationwide investigation into processing factories and meat suppliers used by Shanghai Husi Foods. The firm is being accused of selling expired beef and chicken to McDonald's, KFC, Starbucks and Pizza Hut. For more on this, we are joined on the line by Benjamin Cavender, Principal of China Market Research Group.
Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs. Many companies have begun doing business in China, due to what Shaun refers to as “capitalism on steroids.” Tune into www.JasonHartman.com for more details. Labor costs have increased in China to the tune of around 20 percent, and the government is trying to increase wages yearly over the next five years. Another factor affecting manufacturing costs over time is that fewer of the younger generation wants to be employed in manufacturing jobs, wanting to realize their white class dreams. China is also pushing middle class development to offset the manufacturing issue.Shaun Rein is the Managing Director of CMR, the world's leading strategic market intelligence firm. He is one of the world's recognized thought leaders on strategy consulting. He is a columnist for Forbes on Leadership, Marketing, and China and for BusinessWeek's Asia Insight section. He is often featured in the Wall Street Journal, the Harvard Business Review, The Economist, The Financial Times, Newsweek International, Bloomberg, Time, and the New York Times. He is regularly interviewed by American Public Radio's Marketplace and NPR. He frequently appears to deliver commentary on CNBC's Squawk Box, Bloomberg TV, CBS News, and CNN International TV. Before founding CMR, he was the Chief of Research for venture capital firm Inter-Asia Venture Management. He also was the Managing Director, Country Head China for e-learning software company WebCT where he also ran the company's Taiwan and South Korean operations. He also served as the Assistant Director of the Centre for East Asian Research at McGill University. He earned his Master's degree from Harvard University focused on China's economy and received a BA Honours from McGill University.
Despite popular belief, China is no longer a cheap place to do business with labor costs and real estate costs soaring. Join Jason Hartman as he interviews Shaun Rein, author of The End of Cheap China and Managing Director of China Market Research Group in Shanghai, about debunking common myths, such as China is stealing U.S. jobs. Many companies have begun doing business in China, due to what Shaun refers to as “capitalism on steroids.” Labor costs have increased in China to the tune of around 20 percent, and the government is trying to increase wages yearly over the next five years. Another factor affecting manufacturing costs over time is that fewer of the younger generation wants to be employed in manufacturing jobs, wanting to realize their white class dreams. China is also pushing middle class development to offset the manufacturing issue.Shaun Rein is the Managing Director of CMR, the world's leading strategic market intelligence firm. He is one of the world's recognized thought leaders on strategy consulting.