The Growth of China

Sometime I am taken aback when it hits me how narrow a world view many of us have from our vantage point in the Midwest. Case in point: recent reading about growth in China was a real eye-opener as to the sheer size of their population and density. See the McKinsey & Company article All you need to know about business in China, an except from The One Hour China Book by investor Jeffrey Towson and McKinsey’s Jonathan Woetzel.

Here are a few interesting facts from the article:

  • hong-kong-318058_640China has twice the number of Internet users than the United States at roughly 50% of the penetration.
  • China has 160 cities with populations more than 1 million and 14 with more than 5 million. The U.S. has 9 cities with population greater than 1 million, and New York is the only one with more than 5 million. To be fair, if you expand the comparison to include metro areas (Combined Statistical Areas), there are 54 greater than 1 million and 12 greater than 5 million. But these are BIG areas (see map).
  • In the next 10-15 years, more Chinese will move into cities than the current U.S. population (currently around $316 million), with a total Chinese urban population approaching 1 billion people. You might wonder where all of these people will go. Rapid and high-rise construction is one answer. Can you imagine a 30-story building going up in 15 days? Watch it happen.
  • In the last 25 years, 300 million Chinese have moved out of poverty.

Weekly Download 14.7

download-158006_640Here’s a recap of news and notes from around the Web that caught my attention over the past week or so.

An oldie but a goodie. How Change Fails: CEOs Focus On Symptoms NOT The System. Click “next post” on the right of the screen for more from Forbes.com contributor Christine Comaford. Good stuff.

Accenture’s take on the digital decade. A summary of twelve truths and a closer look at truth #4.

McKinsey & Company looks at Ten IT-enabled business trends for the decade ahead.

  1. Social
  2. Big data
  3. Internet of things
  4. Anything as a service
  5. Automating knowledge work
  6. Global digital citizens
  7. When digital and physical worlds collide
  8. Personalization and simplification
  9. Digital commerce
  10. Transforming government, healthcare and education

 


Weekly Download 14.6

download-158006_640Here’s a recap of news and notes from around the Web that caught my attention over the past week or so.

Berkshire Hathaway. Warrant Buffet is 83. His partner Charlie Munger is 90. Berkshire Hathaway has a market value of over $300B. They have a succession plan, but very much still run this holding company. With their recent annual meeting (attended by over 30,000 people in Omaha), there has been some interesting recent reading.

It also reminds me that many of us will continue to work later in life—regardless of our financial situation.

Change leader, change thyself. How we examine our own “profile” and understand our modes of operating to help effect larger change.

diversity

Millennials in Adulthood. What a fascinating generation. Detached, yet networked. Distrustful, yet optimistic. Disaffiliated and digital. And more racially diverse than any previous generation.

The Changing Face of America. A visual depiction of how the U.S. population is broadening from its original European roots.