In a few short hours, 30 of us will commence a trip of a lifetime learning first-hand about the latest developments in the Chinese Economy and exploring business opportunities in Shenzhen, China (aka the Silicon Valley of Hardware) and Hong Kong. Our research proposals and interest in the Chinese economy are as diverse as we are – from launching a local beer company to exploring clean energy opportunities and to developing e-commerce businesses across various industries.
In preparing for this excursion, we had the opportunity to learn more about the Chinese Economy from Professor Shang-Jin Wei. He notes that “China is not only the world’s largest manufacturing exporter, but has emerged to have the largest digital economy as well. China has been the largest single country contributor to global GDP growth since 2001 currently at 9%, but is facing pressures from a rising labor cost and a shrinking labor force. “Everything is possible, but nothing is easy” is an apt description that speaks to both enormous opportunities and massive challenges present in this economy.”
In order to be well equipped to complete our report following the trip, a robust agenda has been prepared – In between a lot of dinners and sightseeing, we will visit the Hong Kong Stock Exchange and the Hong Kong Monetary Authority as well as select leading companies in various industries – internet, telecoms, hardware. We will also have some free time for self-arranged meetings.
Our preparation has been very useful to guide us on how to take full advantage of this trip and we are very excited and ready to explore growth opportunities in this transforming economy. Stay tuned!
Eniola Abimbola ‘18
Learn more about the Laidlaw Chazen Travel Fund here