China’s once-in-a-decade leadership change will be announced at the 18th National Congress of the Communist Party of China, which begins Nov. 8. Xi Jinping will most likely be appointed as the State President and Li Keqiang as the new Premier, along with the election of others to the standing committee of the politburo of the Communist Party of China.
In terms of economic policy, the standing committee decides everything, from setting GDP growth targets to establishing investment policy. History has shown that following leadership transitions there is generally a pick-up in investment spending and many provinces and cities have already unveiled ambitious spending plans. The main challenge ahead for China’s new leaders will be to tackle structural economic imbalances, such as spreading wealth from the country’s affluent coastal provinces and managing the transition to a more domestic consumption-focused economy.
Lego Serious Play: Ladrillos que desbloquean la imaginaciónPaco Prieto
Reportaje sobre Lego Serious Play publicado en La Vanguardia, 28 de enero de 2016, en el que me mencionan como facilitador Lego Serious Play. También me hace mucha ilusión las declaraciones de Rebeca Farpón, Gerente de Asmadera y cliente con quien realicé un taller aplicando Lego Serious Play con 30 profesionales del sector de la madera.
Lego Serious Play: Ladrillos que desbloquean la imaginaciónPaco Prieto
Reportaje sobre Lego Serious Play publicado en La Vanguardia, 28 de enero de 2016, en el que me mencionan como facilitador Lego Serious Play. También me hace mucha ilusión las declaraciones de Rebeca Farpón, Gerente de Asmadera y cliente con quien realicé un taller aplicando Lego Serious Play con 30 profesionales del sector de la madera.
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
This article is all about what AI trends will emerge in the field of creative operations in 2024. All the marketers and brand builders should be aware of these trends for their further use and save themselves some time!
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
2024 State of Marketing Report – by HubspotMarius Sescu
https://www.hubspot.com/state-of-marketing
· Scaling relationships and proving ROI
· Social media is the place for search, sales, and service
· Authentic influencer partnerships fuel brand growth
· The strongest connections happen via call, click, chat, and camera.
· Time saved with AI leads to more creative work
· Seeking: A single source of truth
· TLDR; Get on social, try AI, and align your systems.
· More human marketing, powered by robots
ChatGPT is a revolutionary addition to the world since its introduction in 2022. A big shift in the sector of information gathering and processing happened because of this chatbot. What is the story of ChatGPT? How is the bot responding to prompts and generating contents? Swipe through these slides prepared by Expeed Software, a web development company regarding the development and technical intricacies of ChatGPT!
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
The realm of product design is a constantly changing environment where technology and style intersect. Every year introduces fresh challenges and exciting trends that mold the future of this captivating art form. In this piece, we delve into the significant trends set to influence the look and functionality of product design in the year 2024.
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
Mental health has been in the news quite a bit lately. Dozens of U.S. states are currently suing Meta for contributing to the youth mental health crisis by inserting addictive features into their products, while the U.S. Surgeon General is touring the nation to bring awareness to the growing epidemic of loneliness and isolation. The country has endured periods of low national morale, such as in the 1970s when high inflation and the energy crisis worsened public sentiment following the Vietnam War. The current mood, however, feels different. Gallup recently reported that national mental health is at an all-time low, with few bright spots to lift spirits.
To better understand how Americans are feeling and their attitudes towards mental health in general, ThinkNow conducted a nationally representative quantitative survey of 1,500 respondents and found some interesting differences among ethnic, age and gender groups.
Technology
For example, 52% agree that technology and social media have a negative impact on mental health, but when broken out by race, 61% of Whites felt technology had a negative effect, and only 48% of Hispanics thought it did.
While technology has helped us keep in touch with friends and family in faraway places, it appears to have degraded our ability to connect in person. Staying connected online is a double-edged sword since the same news feed that brings us pictures of the grandkids and fluffy kittens also feeds us news about the wars in Israel and Ukraine, the dysfunction in Washington, the latest mass shooting and the climate crisis.
Hispanics may have a built-in defense against the isolation technology breeds, owing to their large, multigenerational households, strong social support systems, and tendency to use social media to stay connected with relatives abroad.
Age and Gender
When asked how individuals rate their mental health, men rate it higher than women by 11 percentage points, and Baby Boomers rank it highest at 83%, saying it’s good or excellent vs. 57% of Gen Z saying the same.
Gen Z spends the most amount of time on social media, so the notion that social media negatively affects mental health appears to be correlated. Unfortunately, Gen Z is also the generation that’s least comfortable discussing mental health concerns with healthcare professionals. Only 40% of them state they’re comfortable discussing their issues with a professional compared to 60% of Millennials and 65% of Boomers.
Race Affects Attitudes
As seen in previous research conducted by ThinkNow, Asian Americans lag other groups when it comes to awareness of mental health issues. Twenty-four percent of Asian Americans believe that having a mental health issue is a sign of weakness compared to the 16% average for all groups. Asians are also considerably less likely to be aware of mental health services in their communities (42% vs. 55%) and most likely to seek out information on social media (51% vs. 35%).
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
This article is all about what AI trends will emerge in the field of creative operations in 2024. All the marketers and brand builders should be aware of these trends for their further use and save themselves some time!
A report by thenetworkone and Kurio.
The contributing experts and agencies are (in an alphabetical order): Sylwia Rytel, Social Media Supervisor, 180heartbeats + JUNG v MATT (PL), Sharlene Jenner, Vice President - Director of Engagement Strategy, Abelson Taylor (USA), Alex Casanovas, Digital Director, Atrevia (ES), Dora Beilin, Senior Social Strategist, Barrett Hoffher (USA), Min Seo, Campaign Director, Brand New Agency (KR), Deshé M. Gully, Associate Strategist, Day One Agency (USA), Francesca Trevisan, Strategist, Different (IT), Trevor Crossman, CX and Digital Transformation Director; Olivia Hussey, Strategic Planner; Simi Srinarula, Social Media Manager, The Hallway (AUS), James Hebbert, Managing Director, Hylink (CN / UK), Mundy Álvarez, Planning Director; Pedro Rojas, Social Media Manager; Pancho González, CCO, Inbrax (CH), Oana Oprea, Head of Digital Planning, Jam Session Agency (RO), Amy Bottrill, Social Account Director, Launch (UK), Gaby Arriaga, Founder, Leonardo1452 (MX), Shantesh S Row, Creative Director, Liwa (UAE), Rajesh Mehta, Chief Strategy Officer; Dhruv Gaur, Digital Planning Lead; Leonie Mergulhao, Account Supervisor - Social Media & PR, Medulla (IN), Aurelija Plioplytė, Head of Digital & Social, Not Perfect (LI), Daiana Khaidargaliyeva, Account Manager, Osaka Labs (UK / USA), Stefanie Söhnchen, Vice President Digital, PIABO Communications (DE), Elisabeth Winiartati, Managing Consultant, Head of Global Integrated Communications; Lydia Aprina, Account Manager, Integrated Marketing and Communications; Nita Prabowo, Account Manager, Integrated Marketing and Communications; Okhi, Web Developer, PNTR Group (ID), Kei Obusan, Insights Director; Daffi Ranandi, Insights Manager, Radarr (SG), Gautam Reghunath, Co-founder & CEO, Talented (IN), Donagh Humphreys, Head of Social and Digital Innovation, THINKHOUSE (IRE), Sarah Yim, Strategy Director, Zulu Alpha Kilo (CA).
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
The search marketing landscape is evolving rapidly with new technologies, and professionals, like you, rely on innovative paid search strategies to meet changing demands.
It’s important that you’re ready to implement new strategies in 2024.
Check this out and learn the top trends in paid search advertising that are expected to gain traction, so you can drive higher ROI more efficiently in 2024.
You’ll learn:
- The latest trends in AI and automation, and what this means for an evolving paid search ecosystem.
- New developments in privacy and data regulation.
- Emerging ad formats that are expected to make an impact next year.
Watch Sreekant Lanka from iQuanti and Irina Klein from OneMain Financial as they dive into the future of paid search and explore the trends, strategies, and technologies that will shape the search marketing landscape.
If you’re looking to assess your paid search strategy and design an industry-aligned plan for 2024, then this webinar is for you.
5 Public speaking tips from TED - Visualized summarySpeakerHub
From their humble beginnings in 1984, TED has grown into the world’s most powerful amplifier for speakers and thought-leaders to share their ideas. They have over 2,400 filmed talks (not including the 30,000+ TEDx videos) freely available online, and have hosted over 17,500 events around the world.
With over one billion views in a year, it’s no wonder that so many speakers are looking to TED for ideas on how to share their message more effectively.
The article “5 Public-Speaking Tips TED Gives Its Speakers”, by Carmine Gallo for Forbes, gives speakers five practical ways to connect with their audience, and effectively share their ideas on stage.
Whether you are gearing up to get on a TED stage yourself, or just want to master the skills that so many of their speakers possess, these tips and quotes from Chris Anderson, the TED Talks Curator, will encourage you to make the most impactful impression on your audience.
See the full article and more summaries like this on SpeakerHub here: https://speakerhub.com/blog/5-presentation-tips-ted-gives-its-speakers
See the original article on Forbes here:
http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/carminegallo/2016/05/06/5-public-speaking-tips-ted-gives-its-speakers/&refURL=&referrer=#5c07a8221d9b
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
Everyone is in agreement that ChatGPT (and other generative AI tools) will shape the future of work. Yet there is little consensus on exactly how, when, and to what extent this technology will change our world.
Businesses that extract maximum value from ChatGPT will use it as a collaborative tool for everything from brainstorming to technical maintenance.
For individuals, now is the time to pinpoint the skills the future professional will need to thrive in the AI age.
Check out this presentation to understand what ChatGPT is, how it will shape the future of work, and how you can prepare to take advantage.
A brief introduction to DataScience with explaining of the concepts, algorithms, machine learning, supervised and unsupervised learning, clustering, statistics, data preprocessing, real-world applications etc.
It's part of a Data Science Corner Campaign where I will be discussing the fundamentals of DataScience, AIML, Statistics etc.
Time Management & Productivity - Best PracticesVit Horky
Here's my presentation on by proven best practices how to manage your work time effectively and how to improve your productivity. It includes practical tips and how to use tools such as Slack, Google Apps, Hubspot, Google Calendar, Gmail and others.
The six step guide to practical project managementMindGenius
The six step guide to practical project management
If you think managing projects is too difficult, think again.
We’ve stripped back project management processes to the
basics – to make it quicker and easier, without sacrificing
the vital ingredients for success.
“If you’re looking for some real-world guidance, then The Six Step Guide to Practical Project Management will help.”
Dr Andrew Makar, Tactical Project Management
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
China's Leadership Transition
1. China’s leadership transition
AT A GLANCE NOVEMBER 2012
China’s once-in-a-decade leadership change will be announced at the 18th National Congress of the Communist Party of China, which begins Nov. 8.
Xi Jinping will most likely be appointed as the State President and Li Keqiang as the new Premier, along with the election of others to the standing
committee of the politburo of the Communist Party of China.
In terms of economic policy, the standing committee decides everything, from setting GDP growth targets to establishing investment policy. History
has shown that following leadership transitions there is generally a pick-up in investment spending and many provinces and cities have already
unveiled ambitious spending plans. The main challenge ahead for China’s new leaders will be to tackle structural economic imbalances, such as
spreading wealth from the country’s affluent coastal provinces and managing the transition to a more domestic consumption-focused economy.
TIMELINE BIOGRAPHY1
Xi is expected to take over the role as general secretary in Nov 2012, Xi Jinping
and become head of state in Mar 2013 Born in 1953, son of Communist revolutionary Xi Zhongxun
Li Keqiang will succeed Wen Jiabao as China’s Premier in Mar 2013 Studied chemical engineering and has a doctorate from
Tsinghua University in “Marxist theory and ideological
Annual National People’s
Congress:
education”
Leadership change will Worked as a senior provincial official in the late 1990s and
take place
Growth and inflation targets
early 2000s
will be set, fiscal and
monetary policies will be
Xi was anointed as Communist party general secretary in
confirmed, budget will be 2007
approved
Currently vice-president
Nov 2012 Dec 2012 Mar 2013 2H 2013
Li Keqiang
The 18th National Party
Congress:
Annual central
economic work
3rd Plenary session
of the Central
Born in 1955
conference: Committee:
The core of the Politburo
and the Standing Macro policy stance New leadership’s
Studied law at Peking University
Committee of the
Politburo will be selected
and key areas of
structural reforms will
long-term plan will be
set
Served as secretary of the Communist Youth League
be determined committee when he studied in university
Currently vice-premier, close ally of Hu Jintao
1
Source: Financial Times, 28.09.2012
1 This is for investment professionals only and should not be relied upon by private investors
2. China’s leadership transition
AT A GLANCE NOVEMBER 2012
ECONOMIC CHALLENGES AHEAD
The new leaders are poised to inherit the weakest economic growth since Deng Xiaoping headed the leadership three decades ago.
In the wake of asset bubbles and inflation battles, the central economic issue now is for government to guide the economy to a reasonably safe
landing and then focus on spreading wealth.
Major tasks: to curb state enterprises, boost access to credit for private companies, raise domestic consumption, support rural incomes.
The young, cheap labour pool that has supported China’s manufacturing expansion is ending; new leadership will need to manage rising wages
without sparking another round of inflation or pricing Chinese labour out of markets amid increased competition from frontier Asian economies.
THE RECENT BACKDROP CHINA GDP STABILISES AS TRANSITION CONTINUES
Based on past experience, many China watchers are expecting fresh 160,000 18
stimulus to accompany the leadership change to aid the “feel-good”
China GDP (Hundreads of millions Chinese Yuan) .
China GDP (LHS)
factor and bolster certain sections of the economy. However, any such 140,000
China GDP quarterly yoy % change (RHS) 16
announcements will likely be carefully calibrated, particularly in the 120,000
wake of recent evidence suggesting China’s economy has begun to 14
GDP quarterly yoy % change
stabilise. China’s services industries rebounded in October from the 100,000
12
slowest expansion in at least 19 months, adding to manufacturing gains 80,000
that indicate China’s economy is recovering. The purchasing managers’ 10
index rose to 55.5 in October from 53.7 in the previous month, 60,000
according to the national Bureau of Statistics and China Federation of 40,000
8
Logistics and Purchasing2. The data followed two previous reports
6
indicating a pick-up in manufacturing activity. In October it was 20,000
announced that China GDP grew 7.4% in Q3 from a year earlier, only - 4
slightly down from 7.6% in Q2. Q3 2002 Q3 2003 Q3 2004 Q3 2005 Q3 2006 Q3 2007 Q3 2008 Q3 2009 Q3 2010 Q3 2011 Q3 2012
2 Source: Bloomberg news, 05.11.2012 Source: Datastream, data as at 30.09.2012
2 This is for investment professionals only and should not be relied upon by private investors
3. China’s leadership transition
AT A GLANCE NOVEMBER 2012
Putting the latest economic data to one side, China’s new leadership is not expected to deviate too much from the already announced 12th 5-year
plan – what we are likely to get in the next few years is some real flesh on the bone. Namely more detail on how China plans to reorient the
economy from exports to consumption, how it plans to redirect spending from fixed assets (currently around 50% of GDP) to consumption, and how
it aims to maintain social harmony amid rapid urbanization and increasing political awareness from a tech-savvy public. Other challenges include
supporting services-oriented growth and strengthening the private provision of pensions and health care.
Key areas of the 12th Five-Year Plan:
Economic restructuring
Accepting a lower annual growth rate of around 7% (from 7.5% in the 11th plan)
Creating a balanced economy
Shifting from the export-led sectors to increasing domestic consumer demand by increasing wages
Development of Strategic Emerging Industries
Industrial catch-up
Social balancing
Narrowing the urban-rural income gap
Regional development
Improving people's livelihoods
Environmental protection
Energy saving
Improving environmental quality
Developing new energy sources
3 This is for investment professionals only and should not be relied upon by private investors
4. China’s leadership transition
AT A GLANCE NOVEMBER 2012
KEY POLITICAL ISSUES TO WATCH
More scrutiny than ever on this leadership change as Chinese people use the power of the internet and social networking to discuss events,
question government decisions, and debate policy.
Bo Xilai scandal in the run-up to election put the spotlight on alleged corruption in high places, increased the stakes and intrigue surrounding the
struggle for power among China’s elite.
Increasingly complex political debate between neoliberals – who want to take China further down an economic liberalization path, neo-Maoists
– who want to strengthen the state and break the “cozy” ties between state-owned enterprises and China’s affluent elite, and so-called neo-
Confucians – who would like to give China a softer, more ethics-driven voice in the modern world.
Increasingly difficult foreign policy decisions, including how to secure continued access to the energy resources needed to drive China’s rapid
growth, growing tensions with Asian neighbours such as Japan and Korea over disputed islands, and how to react to the US move to strengthen
its security focus on the Asia Pacific region.
CHINA EQUITY INDEX PERFORMANCE EQUITY MARKET
7000 Mainland China stocks continue to trade near
Shanghai Composite Index
6000 historically low valuations of around 9-10 times
200-day moving average
next year’s expected earnings.
5000
Removal of leadership uncertainty could see
Index level
4000
market rally as implementation of 5-Year Plan
3000 gathers steam.
2000 Consumer sector likely to benefit as China
1000
continues transition away from export dependence
to a domestic consumption-driven economic
0
model.
2005 2006 2007 2008 2009 2010 2011 2012
Source: Bloomberg, data as at 05.11.2012
4 This is for investment professionals only and should not be relied upon by private investors
5. China’s leadership transition
AT A GLANCE NOVEMBER 2012
“China’s leadership change is an historic event, and one that I think will help further cement China’s place among the World’s great economic
powers. The leadership issue and the subsequent infighting among potential candidates has been more public than ever before. This gave the
impression of political uncertainty and has been a strong headwind to performance of the Chinese market this year. As uncertainty over political
leadership has dragged, many local authorities have waited on the sidelines and have not implemented economic policies announced at the last
Five-Year Plan. I believe the conclusion to this contest will remove the political shackles that have been holding back the markets and we will
also see a pick-up in the implementation of the Five-Year Plan. Furthermore, I think the new leadership will be willing to accept lower GDP
growth as it will focus on quality rather than quantity of GDP growth. This means a continued focus on the domestic consumer and further
enforces structural growth opportunities in consumer-related stocks. Overall, I see this event as positive for the Chinese market, and believe that
there are many companies with strong fundamentals, which have been indiscriminately punished by political uncertainty, trading at attractive
valuations.
Martha Wang, Portfolio Manager, Fidelity China Focus Fund
“China’s upcoming leadership change is a hot topic, but all of the candidates have already been pre-elected and I do not anticipate any surprises.
I expect more scholars to join the think tank and further financial and private sector reforms. In general, I think that this political change will be
relatively gradual and nothing drastic will take place as China’s economic agenda is always guided by the Five-Year Plan. Going forward, more
focus will be placed on the acceleration of urbanization and income re-distribution. Overall, I believe that a more pro-consumption policy will be
in place to drive domestic demand and, as a result, consumer sectors will continue to benefit.”
Raymond Ma, Portfolio Manager, Fidelity China Consumer Fund
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implicitly endorse or approve such content. Any opinions or recommendations expressed on third party materials are solely those of the independent providers, not of Fidelity. Third Party Content is provided for informational purposes only, and Fidelity shall not be liable for any loss or
damage arising from your reliance upon such information.
Fidelity is not authorised to manage or distribute investment funds or products in, or to provide investment management or advisory services to persons resident in, the mainland China.
FIL Limited and its subsidiaries are commonly referred to as Fidelity. Fidelity only gives information about its products and services. Any person considering an investment should seek independent advice on the suitability or otherwise of a particular investment. Fidelity, Fidelity Worldwide
Investment, the Fidelity Worldwide Investment logo and F symbol are trademarks of FIL Limited.
5 This is for investment professionals only and should not be relied upon by private investors
6. China’s leadership transition
AT A GLANCE NOVEMBER 2012
“China’s leadership change is an historic event, and one that I think will help further cement China’s place among the World’s great economic
powers. The leadership issue and the subsequent infighting among potential candidates has been more public than ever before. This gave the
impression of political uncertainty and has been a strong headwind to performance of the Chinese market this year. As uncertainty over political
leadership has dragged, many local authorities have waited on the sidelines and have not implemented economic policies announced at the last
Five-Year Plan. I believe the conclusion to this contest will remove the political shackles that have been holding back the markets and we will
also see a pick-up in the implementation of the Five-Year Plan. Furthermore, I think the new leadership will be willing to accept lower GDP
growth as it will focus on quality rather than quantity of GDP growth. This means a continued focus on the domestic consumer and further
enforces structural growth opportunities in consumer-related stocks. Overall, I see this event as positive for the Chinese market, and believe that
there are many companies with strong fundamentals, which have been indiscriminately punished by political uncertainty, trading at attractive
valuations.
Martha Wang, Portfolio Manager, Fidelity China Focus Fund
“China’s upcoming leadership change is a hot topic, but all of the candidates have already been pre-elected and I do not anticipate any surprises.
I expect more scholars to join the think tank and further financial and private sector reforms. In general, I think that this political change will be
relatively gradual and nothing drastic will take place as China’s economic agenda is always guided by the Five-Year Plan. Going forward, more
focus will be placed on the acceleration of urbanization and income re-distribution. Overall, I believe that a more pro-consumption policy will be
in place to drive domestic demand and, as a result, consumer sectors will continue to benefit.”
Raymond Ma, Portfolio Manager, Fidelity China Consumer Fund
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This document does not constitute a distribution, an offer or solicitation to engage the investment management services of Fidelity, an offer to buy or sell or the solicitation of any offer to buy or sell any securities in any jurisdiction or country where such distribution or offer is not
authorised or would be contrary to local laws or regulations. Fidelity makes no representations that the contents are appropriate for use in all locations, or that the transactions or services discussed are available or appropriate for sale or use in all jurisdictions or countries, or by all
investors or counterparties. All persons and entities accessing the information do so on their own initiative and are responsible for compliance with applicable local laws and regulations and should consult their professional advisers.
This document may contain materials from third parties which is supplied by companies that are not affiliated with any Fidelity entity ("Third Party Content"). Fidelity has not been involved in the preparation, adoption or editing of such third party materials and does not explicitly or
implicitly endorse or approve such content. Any opinions or recommendations expressed on third party materials are solely those of the independent providers, not of Fidelity. Third Party Content is provided for informational purposes only, and Fidelity shall not be liable for any loss or
damage arising from your reliance upon such information.
Fidelity is not authorised to manage or distribute investment funds or products in, or to provide investment management or advisory services to persons resident in, the mainland China.
FIL Limited and its subsidiaries are commonly referred to as Fidelity. Fidelity only gives information about its products and services. Any person considering an investment should seek independent advice on the suitability or otherwise of a particular investment. Fidelity, Fidelity Worldwide
Investment, the Fidelity Worldwide Investment logo and F symbol are trademarks of FIL Limited.
5 This is for investment professionals only and should not be relied upon by private investors