Make in India: Lessons from China

By Anil K. Gupta & Haiyan Wang,, June 21, 2015

India’s Prime Minister Narendra Modi has rightly picked “Make in India” as the most important plank in his drive to help accelerate the country’s rise towards becoming an economic superpower..…..

India and China: Friends, Foes or Frenemies?

By Haiyan Wang & Anil K. Gupta,, May 12, 2015

When President Xi Jinping welcomes Indian Prime Minister Narendra Modi to China on Thursday, both leaders will be well aware that, by 2025, their nations will be two of the three largest economies in the world. Geopolitical tensions notwithstanding, economic imperatives demand that collaboration between the two giants help mitigate historical mistrust and future rivalry..…..

$100 billion from Xi’s Visit to India – Not Likely

By Anil K. Gupta & Haiyan Wang,, September 15, 2014

Chinese president Xi Jinping’s visit to India this week will likely be the most significant meeting between the leaders of China and India since Rajiv Gandhi’s visit to Beijing in 1988. Indeed, India’s leading business daily has gone so far as to suggest that Xi will bring along with him commitments to invest $100bn over the next five years..…..

The Innovation Struggle

By Anil K. Gupta & Haiyan Wang, AmCham Shanghai – Insight Magazine, June 4, 2014

There appears to be a growing drumbeat – almost always by non-Chinese observers – about China’s imminent rise as an innovation superpower. Just in the last five years, leading American media have carried headlines such as “China poised to become innovation leader,” or “Danger: America is losing its edge in innovation,” and “When innovation, too, is made in China”…….

Asia Isn’t Going to Lead Technologically Anytime Soon

By Haiyan Wang & Anil K. Gupta, Europe’s World, February 24, 2014

The past decade has witnessed a steady, though largely groundless, drumbeat of warnings about how the West is losing its innovation edge. The first such warning appeared soon after the 2003 report by Goldman Sachs predicting that in the long run the BRIC emerging economies – Brazil, Russia, India and China – will eclipse the industrialised nations..…..

Why Foreign Retailers Stumble in China

By Anil K. Gupta & Haiyan Wang,, September 6, 2013

Tesco’s recent decision to transfer its retail operations in China to a joint venture controlled by China Resources, a local state-owned enterprise, is just the latest example of a prominent Western retailer that has stumbled in China……..

Stay the Course on Investing in Asia

By Anil K. Gupta & Haiyan Wang, The Wall Street Journal, September 4, 2013

Given the U.S. economy’s sustained recovery, it is all but certain that the Federal Reserve will start to reduce bond-buying later this year and end it completely sometime in 2014. As real U.S. interest rates inch up, investors are pulling money back from emerging markets……..

How Nestle Finds Clean Milk in China

By Anil K. Gupta & Haiyan Wang,, June 20, 2013

Exploding watermelons, toxic peanuts, and contaminated rice are just some of the food hazards that routinely bedevil Chinese consumers. The risks of contamination are particularly far-reaching in the case of milk, since more than 70 percent of Chinese mothers rely on baby formula rather than breast milk to feed their babies..…..

Caterpillar’s Chinese Lessons

By Anil K. Gupta & Haiyan Wang,, March 15, 2013

Caterpillar has a well-earned reputation as a global technology leader, having done a masterful job diversifying from its main construction equipment business into mining equipment, heavy-duty engines, electric power generation, and locomotives. Yet when it comes to performance in China, the world’s largest market for its products and services, Caterpillar seems to be floundering….…..

Let China Supply India’s Public Works Boom

By Anil K. Gupta & Haiyan Wang, The Wall Street Journal, August 23, 2012

The commerce ministers of India and China meet Monday in New Delhi, and the trade balance between the two countries is set to be a matter of particular controversy. Indian leaders have become alarmed by their growing trade deficit with China….….

Corporate Strategies for A Slowing China, Part 2

By Anil K. Gupta & Haiyan Wang,, September 26, 2012

In our previous column (“Corporate Strategies for A Slowing China, Part 1”), we argued that the slowdown in the Chinese economy is structural, not cyclical. In this column, we look at what these structural shifts mean for multinational companies’ strategies in China. We focus not on the upcoming 12 months but on the next five to 10 years, the relevant time frame for major strategic decisions……..

Corporate Strategies for A Slowing China, Part 1

By Anil K. Gupta & Haiyan Wang,, September 24, 2012

Global chief executive officers should stop praying for a miracle in China. As the investment- and export-driven boom of the last 15 years comes to an end, the days of double-digit annual growth in gross domestic product are over. Depending on the pace and nature of economic and institutional reforms, the new normal for GDP growth will be somewhere in the 6 percent to 7 percent range…..…..

Harsh Reality: Why Innovators Don’t Always Win

By Anil K. Gupta & Haiyan Wang, Wired Magazine, February 2012

Godfrey Hounsfield, an EMI scientist, conceived the world’s first CT scanner in 1967. By the time he won the 1979 Nobel Prize in Medicine, EMI had ceded almost complete control over the CT scanner market to later entrants GE and Siemens…..…..

Good Governance Would Be Worth A Trillion Dollars

By Anil K. Gupta, The Economic Times, November 25, 2011

In terms of India’s standing on the global stage, the current 10 years have the potential to become the most important decade in the country’s history. Given good governance, India could easily overtake China to become the world’s fastest-growing economy……..

How Beijing is Stifling Chinese Innovation

By Anil K. Gupta & Haiyan Wang, The Wall Street Journal, September 1, 2011

China’s indigenous innovation program, launched in 2006, has alarmed the world’s technology giants. A recent report from the U.S. Chamber of Commerce even went so far as to call this program “a blueprint for technology theft on a scale the world has not seen before.”…..…..