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Story

AhMeng said:
Don't grow too much. You need to find your Ranjiao to hold at the urinal to direct it's trajectory. Otherwise, you will make a mess of yourself.. Lol :D
Click to expand...

Toiletsigns_630.jpg
 
musashi said:
Do you mean it has worsened to "23.8"? :eek:
Almost exactly one week ago, it was still:

right?
confused-gif.40552

If yes, does that mean you've gained nearly 4 or 5 kg in only one week? :eek:
Click to expand...
Oh yah hor..Did I calculate wrongly? I thought I was 24.2 previously?
 
It's Friday! Goot Moaning! I was just reading McKinsey.. An interesting article on China ... From investment led to consumer driven economy. Consumers are "trading up" as more middle class is being created. If you are doing business in China now, you should be aware of the changing consumer profile. Don't chase after yesterday's market. :D

China’s fast climb up the value chain

From high-tech unicorns to specialty chemicals, the country’s economy is moving swiftly beyond its lower-margin roots.
May 2018

The Chinese are now the world’s most avid online purchasers of goods and services, which they are likely to pay for with a mobile device. The deepening digital ethos reflects a broader consumerization of the Chinese economy. These trends are creating fertile grounds for digital start-ups while also transforming traditional industries such as specialty chemicals as they supply materials for advanced industries and higher-margin consumer goods. Global companies in China should ensure that they’re not competing for yesterday’s markets.

China’s breakneck pace of digitization

By Jeongmin Seong, Kevin Wei Wang, and Jonathan Woetzel
The consumer economy is now among the world’s most digitized, and business transformation is accelerating with an explosion of start-ups and new business models.

Everything speeds up in the digital economy, and nowhere is that more evident than in China. In little more than a decade, China has come from almost nowhere to become the largest e-commerce market in the world, accounting for more than 40 percent of global e-commerce transactions (exhibit). China’s mobile payments are 11 times the value of those in the United States thanks to consumers’ early embrace of the technology. This flourishing digital culture is paying innovation dividends, as China is home to one in three of the world’s start-up “unicorns,” those with more than $1 billion in market cap. And China now places in the top ranks of global venture-capital investment in virtual reality, autonomous vehicles, 3-D printing, robotics, drones, and artificial intelligence.

recent report from the McKinsey Global Institute, these new approaches include directly linking business buyers and suppliers in disintermediation plays, disaggregating incumbent value chains as digital attackers move in, and creating a raft of new digitally “dematerialized” products and services. Creative destruction on a grand scale, which would boost productivity and the international competitiveness of China’s economy, might be next. Between 10 and 45 percent of revenue in China’s industries could shift from old business models to new ones enabled by digital by 2030. The transformation is picking up steam: in 2013, industries in the United States were 4.9 times more digitized than ones in China; in 2016, that figure had fallen to 3.7 times.1


About the authors

Jeongmin Seong is a senior fellow at the McKinsey Global Institute (MGI) and is based in McKinsey’s Shanghai office, where MGI director Jonathan Woetzel is a senior partner; Kevin Wei Wang is a senior partner in the Hong Kong office.

How China’s shift to consumer-led growth is changing industry dynamics
By Elisabeth Hirschbichler, Nathan Liu, and Ulrich Weihe
The experience of the specialty-chemical sector shows the ground-level impact.

China’s move from an investment-led to a consumption-led economy is a familiar theme. But the momentous shift is changing the fortunes of manufacturing industries in less visible ways as demand for higher-value products expands. The specialty-chemical industry is a case in point (exhibit). In line with wider economic trends, the fastest growers (and those with higher earnings before interest, taxes, depreciation, and amortization) include the specialty chemicals used in the manufacture of consumer goods such as personal-care ingredients and fragrances. Similarly, growth in advanced industries such as autos, aerospace, and electronics is supporting higher demand for the likes of electronic chemicals and high-performance plastics. On the flip side, products used in traditional industries are growing more slowly, their margins squeezed as these markets become more commoditized.

lessons for other industries in the way the changes are reshaping the specialty-chemical sector. Chinese players will benefit, to be sure, but the new playing field should also allow international players—which have been losing share on their earlier, older-line investments—scope to reposition themselves to their advantage. The demand for more sophisticated products, after all, plays to the strengths of foreign companies in specialty chemicals and elsewhere.


With China’s economic turn likely to affect the prospects for individual specialty chemicals in different ways, executives will need to carefully adapt product strategies to fit these evolving patterns of demand.

About the authors

Elisabeth Hirschbichler is an associate partner in McKinsey’s Vienna office, Nathan Liu is a partner in the Shanghai office, and Ulrich Weihe is a partner in the Frankfurt office.
 
An economy can be digitalized or high-tech, but when their finances are screwed, they are still weak.
Eg. Look at Japan's lost decade x 2

AhMeng said:
It's Friday! Goot Moaning! I was just reading McKinsey.. An interesting article on China ... From investment led to consumer driven economy. Consumers are "trading up" as more middle class is being created. If you are doing business in China now, you should be aware of the changing consumer profile. Don't chase after yesterday's market. :D

China’s fast climb up the value chain

From high-tech unicorns to specialty chemicals, the country’s economy is moving swiftly beyond its lower-margin roots.
May 2018

The Chinese are now the world’s most avid online purchasers of goods and services, which they are likely to pay for with a mobile device. The deepening digital ethos reflects a broader consumerization of the Chinese economy. These trends are creating fertile grounds for digital start-ups while also transforming traditional industries such as specialty chemicals as they supply materials for advanced industries and higher-margin consumer goods. Global companies in China should ensure that they’re not competing for yesterday’s markets.

China’s breakneck pace of digitization

By Jeongmin Seong, Kevin Wei Wang, and Jonathan Woetzel
The consumer economy is now among the world’s most digitized, and business transformation is accelerating with an explosion of start-ups and new business models.

Everything speeds up in the digital economy, and nowhere is that more evident than in China. In little more than a decade, China has come from almost nowhere to become the largest e-commerce market in the world, accounting for more than 40 percent of global e-commerce transactions (exhibit). China’s mobile payments are 11 times the value of those in the United States thanks to consumers’ early embrace of the technology. This flourishing digital culture is paying innovation dividends, as China is home to one in three of the world’s start-up “unicorns,” those with more than $1 billion in market cap. And China now places in the top ranks of global venture-capital investment in virtual reality, autonomous vehicles, 3-D printing, robotics, drones, and artificial intelligence.

recent report from the McKinsey Global Institute, these new approaches include directly linking business buyers and suppliers in disintermediation plays, disaggregating incumbent value chains as digital attackers move in, and creating a raft of new digitally “dematerialized” products and services. Creative destruction on a grand scale, which would boost productivity and the international competitiveness of China’s economy, might be next. Between 10 and 45 percent of revenue in China’s industries could shift from old business models to new ones enabled by digital by 2030. The transformation is picking up steam: in 2013, industries in the United States were 4.9 times more digitized than ones in China; in 2016, that figure had fallen to 3.7 times.1


About the authors

Jeongmin Seong is a senior fellow at the McKinsey Global Institute (MGI) and is based in McKinsey’s Shanghai office, where MGI director Jonathan Woetzel is a senior partner; Kevin Wei Wang is a senior partner in the Hong Kong office.

How China’s shift to consumer-led growth is changing industry dynamics
By Elisabeth Hirschbichler, Nathan Liu, and Ulrich Weihe
The experience of the specialty-chemical sector shows the ground-level impact.

China’s move from an investment-led to a consumption-led economy is a familiar theme. But the momentous shift is changing the fortunes of manufacturing industries in less visible ways as demand for higher-value products expands. The specialty-chemical industry is a case in point (exhibit). In line with wider economic trends, the fastest growers (and those with higher earnings before interest, taxes, depreciation, and amortization) include the specialty chemicals used in the manufacture of consumer goods such as personal-care ingredients and fragrances. Similarly, growth in advanced industries such as autos, aerospace, and electronics is supporting higher demand for the likes of electronic chemicals and high-performance plastics. On the flip side, products used in traditional industries are growing more slowly, their margins squeezed as these markets become more commoditized.

lessons for other industries in the way the changes are reshaping the specialty-chemical sector. Chinese players will benefit, to be sure, but the new playing field should also allow international players—which have been losing share on their earlier, older-line investments—scope to reposition themselves to their advantage. The demand for more sophisticated products, after all, plays to the strengths of foreign companies in specialty chemicals and elsewhere.


With China’s economic turn likely to affect the prospects for individual specialty chemicals in different ways, executives will need to carefully adapt product strategies to fit these evolving patterns of demand.

About the authors

Elisabeth Hirschbichler is an associate partner in McKinsey’s Vienna office, Nathan Liu is a partner in the Shanghai office, and Ulrich Weihe is a partner in the Frankfurt office.
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