Resource Library


| | |

“Techlash is Here” – Explore our research on the future of marketing.

By Charney Research | Report | October 3, 2019

What are the trends of consumers and marketers when the world’s two largest world markets face economic nationalism?   In a time of trade war, economic nationalism, and rapidly changing…

| | | | | | | | |

Charney Research Explores The Future of Money

By Charney Research and Oxford Economics | Report | February 28, 2017

 Electronic payment systems are changing the way businesses make money and consumers spend it. We talked to consumers and businesses about this new frontier. Charney Research and Oxford Economics, in partnership…

| |

China growth in ‘dangerous’ territory

By Sophia Yan | Press Clip | December 18, 2015 | 1 pages

Growth stabilizing in China? Not so fast. At least one group is warning that the situation is likely far worse than official statistics may indicate, saying that growth in the…

| |

China Beige Book Says Pessimism ‘Thoroughly Divorced From Facts’

By Craig Charney and Leland Miller | Bloomberg | September 21, 2015

  China’s economy isn’t as weak as it may look, according to a private survey from a New York-based research group that says it’s a myth the nation’s slowdown is intensifying….

| |

U.S. Marketers Think Again About Emerging Markets

By Craig Charney | American Marketing Association | August 20, 2015 | 2 pages

Here are some things that everybody knows about emerging markets: The BRICS (Brazil, Russia, India, China and South Africa) are the markets of the future; China is the biggest draw…


China’s Economy Is Recovering

By Leland R. Miller and Craig Charney | The Wall Street Journal | July 15, 2015 | 1 pages

After several disappointing quarters, there are signs of improvement—just not for the official reasons.


Wonder how to get inside the heads of Chinese B2B buyers?

Report | June 22, 2015 | 2 pages

Have you ever wished for a simple way to learn or track the views of Chinese companies regarding your firm and its products and services? Have you been stunned by…

China’s New Normal of Slower Investment

By Leland R. Miller | The Wall Street Journal | April 14, 2015 | 2 pages

Investment is no longer the growth-driver it once was, but Beijing also needs to come to terms with the fact that consumption isn’t filling the gap.   During the second…

Chinese firms’ profits resilient despite sliding investment, weak retail: survey

By Pete Sweeney | Reuters | March 24, 2015 | 1 pages

Chinese companies grew increasingly cautious about spending in the first quarter as the economy cooled, with growth in capital expenditure dropping to its weakest on record even as profit margins…


Corruption in China: What Companies Need to Know

By Craig Charney & Shehzad Qazi | Press Clip | January 21, 2015 | 4 pages

How can companies learn about the realities of the risk of official corruption in China? It is common knowledge that firms often find themselves obliged to make payments or give…


New Data: Bribery is often “An Unspoken Rule” in China

By Jeff Levick | Forbes | January 21, 2015 | 2 pages

Until now, corporate compliance and risk management officers often confronted the same problem when seeking to strengthen or establish effective anticorruption controls. The data they had to work with was…

China’s Stimulus Quagmire

By Leland R. Miller | The Wall Street Journal | January 21, 2015 | 2 pages

MONDAY’S STOCK-MARKET TEAR ILLUSTRATES SOME OF BEIJING’S PROBLEMS SPURRING GROWTH.   Even with Monday’s 7.6% decline, China’s stock market is on a historic tear, having risen more than 50% over…


View from the ground: China stabilizing, not slowing

By Ansuya Harjani | CNBC | December 17, 2014 | 2 pages

China’s economy stabilized in the fourth quarter as the services sector strengthened and manufacturing sector picked up a bit of steam, according to the China Beige Book released on Thursday….

| |

Don’t Bet on More Chinese Stimulus

By Leland R. Miller and Craig Charney | The Wall Street Journal | October 22, 2014 | 2 pages

As long as the labor market and profits remain healthy, Beijing shouldn’t and likely won’t try goosing the economy in the near future. It took years for the markets to…

| |

INTERNATIONAL DEVELOPMENT: China’s New Open Door: The E-Commerce Boom

By Shehzad Qazi | Insights | Series II | No. 6 | September 2014

China is already the world’s largest retail market and its e-commerce is booming. E-tailers now command soaring sales, better pricing, and a stronger online presence compared to their brick-and-mortar cousins. Learn more about China’s retail of e-tailing in China in our exclusive report.

| | |

China Beige Book Shows Economy Stuck in Low Gear

Bloomberg | September 22, 2014

China’s economy remained stuck in “low gear” this quarter, with struggling retail and residential real-estate industries countering improvements in manufacturing and transportation, a private survey showed. Growth in investment slowed…

China’s New Open Door: The E-Commerce Boom

By Shehzad Qazi | Huffington Post | September 10, 2014 | 2 pages

Our latest quarterly survey of businesses across China, conducted in May and June for the China Beige Book™, highlights the phenomenal growth e-tailers are experiencing there: they report soaring sales, big revenue…

| |

This China Slowdown Is Different

By Leland R. Miller and Craig Charney | The Wall Street Journal | July 14, 2014

In a recent Wall Street Journal article, China Beige Book authors Leland Miller and Craig Charney assert that Chinese capital expenditure is the weakest it has been in over a decade and may indicate a continued investment downshift that will be difficult to reverse. This slowdown is not merely a result of artificially-constrained investments but also a slowdown in demand and consumption.

| |

Survey Suggests China May Finally Be Getting the Message on Debt

By Richard Silk | The Wall Street Journal | June 23, 2014

Only 19% of companies reported accessing credit during the second quarter of the year, down from 30% a year ago, according to the China Beige Book, a private-sector polling organization. That’s despite a drop in the average interest rate on new loans. Analysts’ concerns that China’s economy relies too much on debt may turn out to be true.

| |

China Beige Book Says Economy Slowing

Bloomberg | March 20, 2014

This article discusses the results of the China Beige Book Survey (CBB) for the 1st quarter of 2014 and notes that China’s economy slowed in quarter 1, adding to the signs that Chinese Premier Li Keqiang may face difficulties reaching a 7.5% growth expansion target for 2104 without stimulus.


China’s Economy Continues to Improve on Manufacturing

The Wall Street Journal | December 26, 2013

China’s stronger manufacturing and real estate sectors indicate a recovery, but there are some concerns on whether this is sustainable. The rise in inventory at manufacturing and mining firms is an issue. Major regional differences in retail growth were also discovered.

| | |


By Leland R. Miller and Craig Charney | The Wall Street Journal | October 24, 2013

Even if not technically inaccurate, Beijing’s GDP numbers mislead investors into a misguided optimism over an economy slowing down. China Beige Book’s survey, contrary to official data, finds a mild growth slowdown. This divergence in growth stories reveals critical information before the Third Plenum economic conference.


How a Beige Book Could Shed Light on China’s Shadow Economy

By Dan Kedmey | Time Magazine | August 5, 2013

A lingering doubt hangs over ever rosy economic data on Chinese growth, as provided by their National Bureau of Statistics. Outdated Soviet-era growth measures and even some hints of embellishing figures have many longing for accurate data. Enter the China Beige Book, the most comprehensive and independent survey ever conducted on national, regional, and sectoral economic conditions in the People’s Republic of China.

| |


By Leland R. Miller and Craig Charney | The Wall Street Journal | June 13, 2013

For three consecutive quarters, firms have been borrowing less and paying higher rates in China. This is another signal that China has endured an overall tightening in credit this year. Investors should be careful in reading China’s official data, which pictures a rather rosy scenario.


Retailers, Inland Regions Drive China Economy in Q1 – Beige Book Survey

Reuters | March 27, 2013 | 3 pages

This Reuters article discusses the findings and data collection methodology of the China Beige Book (CBB).CBB reports strong revenue growth in the retail sector among signs of incoming uncertainties. Its respondents cover businesses of every size from the micro-level – employing up to 19 staff – to large firms with more than 500 employees.


Chinese Puzzle

By Nicholas Schmidle | The New Yorker | February 25, 2013 | 2 pages

This New Yorker article discusses the problems with regards to economic statistics and analysis on China provided by the Chinese government and potential solutions to this problem. China Beige Book provides an alternative way in measuring China’s economic situations. It believes in “the answer to better Chinese analysis is better data”.


What is Driving China’s Economy?

By Leland Miller | video | January 18, 2013

In this Fox Business interview, China Beige Book (CBB) President Leland Miller discusses the findings of the CBB. It confirms official statistics that Chinese economic growth is rebounding. Mr. Miller also talks about the real driver behind China’ economy.


Inside China’s Black Box of Statistics

By Rana Foroohar | Time Magazine | September 3, 2012 | 2 pages

This Time Magazine article discusses the findings of the recently released China Beige Book (CBB). The slowdown we’re seeing in China isn’t a crash landing, but could instead be the beginning of a much hoped-for rebalancing of the Chinese economy. However, not only is it tough to tell whether China is really growing, but official figures give us little sense of where growth is really coming from. Rather than rely on official nationwide data, CBB International divides the country into eight regions and interviews 150-plus C-suite Chinese executives in each region around the country about the state of business. The results are illuminating.


New ‘China Beige Book’ Sees Growth Rebounding

By Prabha Natarajan | The Wall Street Journal | August 14, 2012 | 1 pages

This Wall Street Journal article discusses the findings of the China Beige Book (CBB). In its second China Beige Book released last month to clients, the report noted there were signs of a rebound largely fueled by increased retail sales, but problems continue to persist in industries like mining and minerals. While metro regions continued to see the strongest surges in retail spending, there were also sizeable spending increases in the central and northern regions. There are also signs of government stimulus in addition to monetary easing throughout the economy, policies geared to boost consumer spending, including purchases of homes and cars, and consumer spending and services are picking up the slack in exports and some manufacturing sectors.

Register to Download

Tell us a little about you and we’ll send you the report.


Newsletter Sign-Up

Sign up for our free newsletter!