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CONTENTS


Published monthly since 1990 COVER BY ANDREW MOK: Find the Canada-based illustrator at www.andrewmok.ca 16 PUTTING DOWN ROOTS | Chinese students abroad weigh returning to the motherland


18 POSTCARD FROM TOKYO | Te global economy is now at the mercy of politics, writes Frederic Neumann 22 HOT SEAT | Bill Dodson on whether climate change will bring on China’s “Sputnik moment” 26 MONEY AND DRUGS | L.E.K. Consulting on where the pharmaceutical industry should put its money 37 BET THE SPEND | Investing in metals grows trickier in the post-boom era 45 TO BE OR NOT TO BE | Benelux rescues its union from redundancy


MONTH IN REVIEW 10 NEWS ROUNDUP | GDP slips, the stock market dips and Lenovo grips No. 1 10 CHINA BY NUMBERS | $1.2m: Prize money for China’s first Nobel in literature


12 SECOND THOUGHTS | A new Pew poll shows more Chinese worry about the ills of development


AFTER THE CLOSE 48 COMPANY INDEX 48 LISTINGS 52 INDICATORS 54 CHINA BUZZ | “Tis is shaping up to be an election to select the person who gets to apologize to China.”


4 China Economic Review • November 2012


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Publisher China Economic Review Publishing Editor Ana Swanson Senior Staff Writer Jake Spring Staff Writer Don Weinland Research Manager Sarah Wu Researcher Stella Xie Contributors Bill Dodson, Frederic Neumann, Stephen Sunderland, Helen Chen, Cameron Wilson, Thy Vo Interns Engen Tham, Finlay Walker, Ali Haupt, Niu Ning Art Editor Jason Wong Art Director Frank Zheng Editor at Large Graham Earnshaw Associate Publisher Gareth Powell Director of Sales Obie Gao


CHINA ECONOMIC REVIEW (ISSN: 1350-6390) is published by China Economic Review Publishing


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