CEIBS Insights | UK Forum 2019 China’s Consumption Upgrade: New Opportunities for the UK
China’s Consumption Upgrade: New Opportunities for UK
This year marks the 70th anniversary of the founding of the People’s Republic of China and the 47th anniversary of ambassadorial-level diplomatic relations between China and the UK. As such, it represents a valuable opportunity for the deepening of ties in the current “Golden Era” of China-UK relations. At this historic juncture, the UK stands to benefit from opportunities brought on by China’s consumption upgrade and supply-side structural reform, the wider opening of the Chinese market, and the Belt and Road Initiative. As both technology and business models continue to evolve, the changing landscape of the global industrial chain will undoubtedly create unprecedented opportunities for co-operation between Chinese and UK businesses.
After four decades of sustained development, China is currently evolving from “the factory of the world” to “the market of the world” as its population of 1.4 billion is re-imagined as consumers instead of labourers. Led by the growing purchasing power of consumers as well as technological innovation, China’s increasing domestic consumption will benefit companies and brands worldwide. On October 2, 2019, more than 300 scholars, entrepreneurs and senior executives from China and the UK will gather in London for the CEIBS Insights UK Forum to offer their insights into new opportunities for the UK created by China’s consumption upgrade. As “China Essence, Global Significance” is the new tagline of CEIBS 25th anniversary, this event is expected to facilitate industrial collaboration and integration, and advance cooperation among the political, business and academic communities from both China and the UK.
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13:00-13:30 |
Registration |
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13:30-13:40 |
Welcome Address Professor Dipak Jain |
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13:40-14:00 |
Opening Keynote Speech H.E. Ambassador Xiaoming Liu (Inviting) |
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14:00-14:10 |
Keynote Speech (I) Mr. Rajesh Agrawal |
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Session I |
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Amidst a wave of consumption upgrade driven by urbanisation and demographic dividend, China’s new generation of consumers are dominating the market, while espousing views that stand in stark contrast to those of their predecessors. In particular, they are no longer obsessed with price comparisons or big brands, but instead desire the pursuit of individuality, quality, and consumer experience. This shift in consumer demand represents new opportunities for long-established UK brands capable of technological innovation and their success in the Chinese market will hinge on whether they can tune in to the needs of this new, younger generation. |
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14:10-15:10 |
Moderator: Panellists:
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15:10-15:40 |
Coffee Break |
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15:40-16:10 |
Keynote Speech (II) Prof. Bin Xu |
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Session II |
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As mobile internet continues to develop in leaps and bounds, every facet of daily life adds fuel to new financial opportunities. Emerging technologies like big data, cloud computing, artificial intelligence, and blockchain can be adopted to reshape information mining, risk models, investment decision-making, and credit rating systems to better satisfy needs in online financial markets and advance consumption upgrade. In recent years, the UK, renowned for the history of its finance industry, has been accelerating this technology-driven transformation. Today, it is a leading player in AI, FinTech, VR and IoT. |
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16:10-17:10 |
Moderator: Panellists:
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17:10-17:20 |
Closing Address Mr. Wenjian Fang |
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17:20-18:20 |
Cocktail |
China Europe International Business School (CEIBS)
CEIBS is a not-for-profit joint venture established in 1994 with the support of the Chinese government and the European Commission. Over the past two decades, CEIBS has made outstanding achievements and received wide recognition from the society, with its reputation as a prestigious business school in Asia being further strengthened and enhanced. With a vision to become the most respected international business school in the world, CEIBS is committed to educating socially responsible leaders versed in "China Depth, Global Breadth".
China Chamber of Commerce in the UK (CCCUK)
The China Chamber of Commerce in the UK (CCCUK) was founded on July 23rd, 2001 (previously known as the China Enterprises Association in Britain), mainly consists of Chinese enterprises in the UK and Chinese economic and trade organisations. The CCCUK is a non-profit organisation representing and serving interests of Chinese enterprises, aiming to promote China-UK economic and trade relations.
In September 2015, China Enterprises Association in Britain was re-named as the China Chamber of Commerce in the UK. At present, there are nearly 200 member enterprises, covering dozens of sectors, including finance, insurance, telecommunications, energy products, technical manufacturing, real estate construction, transportation and shipping, trading, government agencies, media press, commercial services etc. CCCUK has 24 board member companies, and four committees including, Financial Committee, Trade Committee, Technology Committee and Supervisory & Management Committee.
With support from the Chinese Embassy in the UK, the CCCUK has grown into an important force representing business interests of Chinese enterprises in the UK and launching external activities as well.
De Vere Grand Connaught Rooms
61 - 65 Great Queen Street London, WC2B 5DA, GB
Echo Qi
Tel: +86- 21-2890 5033
Email: qecho@ceibs.edu
Dora Xie
Tel: +86- 21-2890 5356
Email: xdora@ceibs.edu
