# China Business
Latest news and articles about China Business
Total: 4 articles found
The Solo Act: Kelly Zong Purges the Old Guard as Wahaha’s Succession Crisis Deepens
Kelly Zong has overhauled the leadership at Hongsheng Group, replacing long-time veterans and close allies with grassroots staff. This move signals a total centralization of power following a year of strategic missteps and internal friction within the Wahaha business empire.
The Copper Shield: Inside the Bitter Marketing War for China’s Air Conditioning Market
Chinese appliance giants Gree and Hisense are locked in a public dispute over the use of copper versus aluminum components in air conditioners. The feud highlights a strategic battle for brand prestige and market share as rising raw material costs squeeze profit margins in a saturated domestic market.
Reining in the Global SOE: Beijing Centralizes Control Over $1.1 Trillion in Overseas Assets
China’s SASAC has established the Bureau of Overseas State-owned Assets to consolidate the management and oversight of over $1.1 trillion in international assets. The move aims to mitigate geopolitical risks and prevent state asset loss following several high-profile project failures.
The Shepherd Remains: Yu Donglai’s Calculated Retreat and the Future of Pang Dong Lai
Pang Dong Lai founder Yu Donglai has clarified that his retirement is a strategic shift to advisor status rather than a complete departure. He reaffirmed the company's commitment to remaining a private 'school' for social values and mandated that all top management retire by age 60 to maintain organizational vigor.