Political transition in China - the China Weekly Hangout

English: Hu Jintao president of china and his wife. (Photo credit: Wikipedia)

In the China Weekly Hangout we discussed this week the upcoming political transition in China, with political scientist Greg Anderson and Janet Carmosky of the China Business Network, moderated by Fons Tuinstra of the China Speakers Bureau.

Let us know if this segmentation is working better in stead of a full hour of video. We will watch the traffic and your feedback; based on that we might adjust the format next month.

In the first segment we learn that the harmonious society, the catch all phrase from outgoing president Hu Jintao has not been a huge success, despite the good initial intentions.

In part two we discuss the coming ten years, what are the driving political forces and what can we say about upcoming president Xi Jinping to make a change in China.

In the third segment we shortly discuss the US-China relations, and what the upcoming presidential elections in China might mean for them.

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Comparing two big elections - Janet Carmosky

Janet Carmosky

Next week both China and the US will elect a leadership for their countries. China veteran Janet Carmosky compares in Forbes both elections. 

Janet Carmosky:

Consider that both processes, different as they are, are at their essence both completely legitimate and shot to pieces by too much money. Both were designed carefully to reflect the respective cultural consensus about how rulers are chosen, and neither is really working out as planned.  Consider that results, not form, may be the true criteria of whether a political system is “working” or “broken.” 

My take –institutional inertia and massive implementation issues always exist, but not so much that the intent and philosophy of who governs doesn’t matter.  I believe that in both the USA and China, most people want to have an open opportunity structure instead of oligarchy; geopolitical stability rather than ideological warfare; environmental sustainability rather than long term pollution in service of short term employment.  

Picking nine men from a field of 23 means a more complex playing field, more shifting agendas, more overt opacity than Pick One Guy To Be Boss.  Despite what most Americans might see as a system of “tyranny”, Chinese public outcry and activism has, just this year, stopped toxic factory expansions, brought down corrupt officials, and shut down dangerous trains.  In America, if we can’t pick the one guy more likely to side with the rights of individuals over those of corporations, support public education, respond to climate change in some mode besides denial, and act with restraint in the geopolitical arena, what does that say about our system?  And us?

More in Forbes.

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch or fill in our speakers' request form.

On Thursday November 1 the China Weekly Hangout will focus on eight years of harmonious society under Hu Jintao and what we can expect the next eight years under Xi Jinping. Including Janet Carmosky who will report on the findings during the National Committee on US-China Relations China Town Hall on Monday. The CWH is held on 10pm Beijing time, 3pm CET (Europe) and 10pm EST (US). More on the logistics of the hangout later this week at the China Herald or our event page at Google+.  

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What after ten years of harmonious society? - China Weekly Hangout

Xi Jinping 习近平 (Photo credit: Wikipedia)

The China Weekly Hangout on Thursday November 1 will focus on the ten past years of a harmonious society under president Hu Jintao and premier Wen Jiabao, what has it meant, and what can we expect the coming eight years under upcoming president Xi Jinping?
Janet Carmosky will report from New York on the findings on the National Committee on US-China Relations China Town Hall, and add her own viewpoints too. In addition we hope to sign up with political scientist Greg Anderson, who is currently in Bologna, Italy and will try to sign up for the hangout.
Moderation is in the hands of Fons Tuinstra, president of the China Speakers Bureau, signing in from Brasschaat, Belgium.
Time of the broadcast will be from 10pm Beijing Time, 3pm CET (note the winter time in Europe has started) and 10pm EST (US).
Do let us know if you want to be included in any way into our hangout. You can register at our event page.

After last week's China Weekly Hangout (included), we have started a debate on the format of the CWH. There was consensus that our sessions of 40-50 minutes might be too much for the average attention span of our viewers. Most likely we are going to cut up the session into smaller segments, but do follow this weblog or our event page for this week for updates on the logistics.

The challenge for chairman Zong and Wahaha - Paul French

Paul French

Chairman Zong Qinghou is not only the richest man in China, according to the latest Forbes China rich list, but has been a successful leader to his Wahaha, China beverage giant. Forbes asks retail analyst Paul French why.

Forbes

Q.  What are some of the challenges that Wahaha faces in the next three years, and how is Chairman Zong addressing them?  What are Wahaha’s prospects compared to Tingyi, Coke and Want Want? 

A. Competition, competition, competition. Five years ago Wahaha was clearly the leader of the pack but it has to be said that other local beverage companies like Want Want. Coke and Pepsi have the obvious advantages of extremely strong brands and iconic products.  Wahaha, nor any local or regional players, have not managed to build such strong brands. This is the challenge for the future – creating long lasting high value brands, like Coke or Pepsi.

More in Forbes.

Paul French is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers' request form.

The China Weekly Hangout offers each Thursday a debate on China’s current affairs. Today the focus will be on innovation in China. October 18 we will discuss the question what China’s telecom giant Huawei could have done in defending itself against the attacks by US Congress. For upcoming debate, sign up at our China Weekly Hangout page.

Wahaha is one of very few larger private companies, together with Huawei. Learn from our latest China Weekly Hangout our panel of Greg Anderson and Janet Carmosky explain state-owned industries stifle innovation, and leave little room for private companies in China.  

China Weekly Hangout: the innovation debate

CEIBS China Europe International Business School (Photo credit: Wikipedia)

Is China a copy-and-paste culture, stealing innovation from others, or the upcoming paradise for global innovation, replacing Silicon Valley? Two schools of thought are heavily divided on the innovation issue and the China Weekly Hangout on Thursday 11 October is going to try to drill a bit deeper than the daily one-liners about this subject. You can register here on our dedicated event page.

For this hangout we have invited eminent experts on innovation on China:

• Bill Fischer, professor of innovation at IMD and former CEIBS dean. He recently co-published The Idea Hunter: How to Find the Best Ideas and Make them Happen
• Greg Anderson, consultant and author of Designated Drivers: How China Plans to Dominate the Global Auto Industry (confirmed)
• China-guru at-large Janet Carmosky, Ceo of the China Business Network (confirmed). 
• Richard Brubaker of CEIBS is currently traveling, but will join if possible.

Fons Tuinstra of the China Speakers Bureau will moderate. 

Together with a few other subjects like sustainability, international relations and political and economic developments, innovation is likely an issue that will make regular appearances in our China Weekly Hangout. In this first innovation hangout we will draw some first sketches and dive into China's possibilities in the auto market. In the official hangout only a few additional seats are available, do drop us a line if you want to join.
Others can follow the event on YouTube and give comments or ask questions a our dedicated event page.

Every two, three months we will address additional issues regarding innovation like: education, intellectual property, creativity, government policies, Confucianism and other elements of the innovation debate. If you want to get regular updates, do register at our China Weekly Hangout page or you can register for this event only at our event page. Changes will be announced here, and at our event page.

The China Week is in principle held every Thursday from 10pm Beijing Time, 4pm CEST (Europe) and 10am EST (US). During and after the hangout a YouTube screen and link will be available on this page.

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Reminder: China's holiday - China Weekly Hangout

Janet Carmosky (Photo credit: Fantake)

A reminder we have tomorrow our holiday edition of the China Weekly Hangout, focusing on the ongoing holidays in China. (Here you find our original announcement.)

Are you staying at home, to avoid the crowds? Are you traveling, and if so: where do you go to? Or are you busy working to help millions of Chinese to have a nice holiday?

Join us at Thursday 4 October, at 10pm Beijing Time, 4pm CEST or 10am EST. Register at our event page, or leave your comments here.

Guest of honor will be Janet Carmosky, our China guru at large and CEO of the China Business Network, joining us from New York. We will discuss how China evolved from the first golden weeks in the 1990s into a mighty outbound tourism industry of 18 million international travelers last year.
Upcoming China Weekly Hangouts include discussions on innovation in China and the question whether China should be blamed for the ongoing financial crisis, and not the complicated banking products and US mortgages. Follow our China Weekly Hangout page to stay updated.

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Why are Chinese leaving China? - China Weekly Hangout (updated)

Why are Chinese, who can afford it, leaving China? Most of China's rich send their children abroad for study, and 92% of them do not return, despite efforts by the Chinese government to get them back. Even more, some of them start to invite their parents over, after they get settled in - mostly - the US. And according to the latest figures, more children of wealthy Chinese already leave for expensive high schools abroad, not only universities.

That means a drain on China's intellectual, managerial and financial resources: how bad is it, and is there any way to reverse that trend?

Those are some of the issues we want to tackle on our second China Weekly Hangout, on Thursday, September 13, 9pm Beijing Times, 3pm CEST and 9am Eastern. 

Invited panelists are Janet Carmosky, Li Meixian and Helen Wang. Helen Wang is traveling in China and could not yet fully commit herself. Moderation is in the hands of Fons Tuinstra, president of the China Speakers Bureau.

Are you interested in this subject, or even part of it? A limited number can join our official hangout, please drop a line here and tell us how you can add to the debate. Or otherwise you can ask questions and add comments here or at our upcoming event page. You can view the hangout through a link to YouTube we will provide shortly before the broadcast.
Sign up here for regular updates of the China Weekly Hangout, or register here at our event page of this hangout.

Helen Wang

For the second China Weekly Podcast are invited:


Helen H. Wang is an author, consultant, and expert on China’s middle class. Originally from China, Wang has lived in the U. S. for over twenty years. Wang is a contributor to Forbes and a sought-after speaker. Her book, The Chinese Dream, is based on over 100 interviews with the new members of the Chinese middle class, which is already 300 million strong and will reach 600 to 800 million in fifteen years.
Currently, Wang divides her time between consulting for companies doing business in China and helping non-profit organizations make a difference. She lives in Silicon Valley with her husband, her dog Frodo, and her parakeet Star. In her spare time, she enjoys yoga, dance, and travel.

Janet Carmosky

Janet Carmosky, is China guru at-large and CEO of the China Business Network. She started her Chinese Studies major (U. Penn) in '81 at age 17; graduated & moved to China (Xi'an) in 1985; married into PRC family 1986; lived & worked in China - mostly Shanghai - through 2003, when she returned to USA.

Li Meixian

Li Meixian, Member at Cozen O’Connor's

Meixian Li is the Director of China Business Development. Mei is responsible for the development and implementation of Cozen O’Connor's China business development initiatives. In this position, she plays a key role in the firm's growing China practice.

Mei spends a substantial amount of her time in China maintaining the firm's existing client relationships and developing new ones. Through the extensive business and government relationships she has developed in China, Mei provides advice and assistance to the firm's existing and new U.S. clients in their effort to build or expand their presence in China.

Prior to joining Cozen O’Connor, Mei was project director at Kamsky Associates Incorporated, based in Kamsky’s Beijing office. In this role, Mei led projects for clients in China market entry-related areas, including market research and analysis, strategy formulation and implementation, due diligence, competitor and partner analysis, and contract negotiations.

Richard Brubaker

Richard Brubaker is the producer of All Roads Lead to China, Adjunct Professor of Management, Sustainability and Responsible Leadership at China Europe International Business School. With almost 20 years of Asia experience (the last 10 based in mainland China), Rich assists his clients (both Fortune 500 companies and SMEs) in understanding the China market, determining their own China platform and implementing effective strategies. He is currently living in Shanghai.  

China Weekly Hangout: Why are Chinese leaving China:

Previous China Weekly Hangout: Why are foreigners leaving China?

Upcoming subjects: sustainability, China's energy security (planned for 27 September)

Update: Additional guests for this hangout are Isaac Mao and Andrew Hupert. You will be able to watch the hangout here in this space, both live and recorder.

For the hangout on sustainability and China's energy security on 27 September as panelists will be present Merritt Cooke, Richard Brubaker and others.
For October 4 (just after the China holiday) we plan a hangout on the future of the communist party. Interested? Sign up for our China Weekly Hangout page, or drop us a line.

Why the Chinese, and the Americans, do not feel they are winning - Janet Carmosky

Janet Carmosky

Unstoppable economic growth, more wealth and growing political leverage has not made the Chinese citizens really happier and they find themselves in a dead-end, like the Americans. Self-declared sino-centric Janet Carmosky explains why we need more than only a GDP number  in the Scenario Magazine.

Janet Carmosky:

Distortions in China’s current job economy leave literally tens of millions of unemployed migrant workers and recent university graduates turning down work because the compensation offered is not a real living wage; The Center for Work-Life Balance reported that average white collar work weeks in China run over 80 hours; and the experienced elite job-hop relentlessly, driving managerial compensation and job turnover into the stratosphere. 

The sense of possibility in America – land of possibility – has also collapsed, thanks to the dearth of restraint in the past 30 years. Too much consumption, too many wars, too much credit extended. By technical terms, the US economy is in recovery. In real life terms, the descent into desperation may be just beginning. Unemployment remains close to 9%. A number of the states are broke. Political backlash is frightening. One state, the generally affluent and well-educated Michigan, has granted the governor the rights to dissolve government, to raid and privatize any part of the state by executive decree. In more than a dozen states, the rightist Tea Party is waging war with public and private sector unions. The obesity and morbidity of the population are shockingly high. Home foreclosures will remain high for at least another few years. All this while CEO pay is climbing again; Wall Street – arguably responsible for a large part of the global financial crash – is paying bonuses again. And, I’d bet whatever is left of my retirement funds that the Gini coefficient, hovering around 4.0 a few years ago, by now must be pretty close to 4.5. 

How did a single party, top-down socialist, atheist, Asian system and a bottom-up Western democracy based on ideals of humanist – let’s be blunt, Christian – ethics arrive at the same dead-end, at the same time? 

One potential answer: in the absence of a meaningful, measurable goal by which to steer, even the world’s oldest, most resilient and practical civilization; and the youngest, most ingeniously structured and idealistic nation; both nations of high educational achievement, female literacy, life expectancy, nations we expect more of…they have reverted to Newton’s First Law of Physics. 

China is the juggernaut – it develops real estate where none is needed to make everything look like it is growing. China focuses on continual marketing of itself as a destination for foreign investment, as if what it needs is more money. Things in motion tend to stay in motion. If GDP is our index for reporting success, and it’s possible to game the system by spending on infrastructure, then Beijing simply builds faster, bigger, more. 

The USA is in paralysis, flailing. Things at rest tend to stay at rest. State and National legislatures are engaged in warfare. The country is deeply divided, obsessed with job creation in an environment where corporations and the wealthiest citizens have come to expect that they will pay spectacularly little, if any, tax; and where banks no longer extend credit to any business that actually needs it. Clearly the USA has resources to tap, which will ultimately enable a breakthrough and a return to value creation. If we can only agree on how to get un-stuck; on a direction.

More in the Scenario Magazine.

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch. Or do fill in our speakers'request form. 

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China's currency is not the issue - Janet Carmosky

Janet Carmosky

Trade sanctions in China will not create jobs in the USA, argues China-veteran Janet Carmosky in Forbes. She disassembles three of the most-used arguments in favor of trade sanctions.

Bad argument #3: China’s predatory currency rate has cost America jobs. 

Bad assumption: America is a passive participant in its own fate; if we lose it’s not because we’re not a good team, it’s because the other guys are cheating. 

Fact contradicting bad assumption: In this era and previous eras, every nation that succeeds in creating national wealth in strategic arenas does so by investing specifically and consistently in its national capacity and industrial base.  The United States has not been doing this. China has. The United States has left investment in the hands of a) the private sector, beholden to stockholders who tend to demand quarter on quarter improvement in financial performance. Major long term industrial initiatives call for patient stewardship over years if not decades;  b) elected officials who spend their resources on the short-term goal of getting re-elected.  There’s no upside to focusing on long term issues unless the voters understand and reward it. 

Real reason #3 why China sanctions won’t help create USA jobs:Our political system allows open debate and discourse toward a climate of critical thinking about serious issues.  First among them, declining national competitiveness.  We’re losing competitiveness not only to China, but to every nation that has a plan. Why don’t we have a plan? Because our electoral process and corporate reporting focus on pleasing us, the American voters, customers, citizens and investors. We have bought into the idea that the only time frame that matters is the short term. The jobs crisis? The root cause isn’t remotely related to currency valuations. It’s a lot deeper than that. It’s about the attention span of the American voter.  China is single party rule by the elites. Our political systems calls for an educated voter base – one with tolerance for complexity, stamina in understanding issues, ability to focus on the real game instead of the posturing of the Shake Weight salesmen. We can “hold China to account” all we want; let’s just be sure we hold ourselves and  – especially since our systems were specifically designed for this purpose -  our private and public sector leaders to account as well.

More in Forbes

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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Why the US needs China to manipulate its currency - Janet Carmosky

Because China has a trade deficit, it has to buy treasury bonds, Janet Carmosky explains in the next sequel of "China What?". Some American politicians want China to stop buying those bonds, but it is not in the interest of the US citizens when China stops doing that, says Carmosky.


Janet Carmosky is a speaker at the China Speakers Bureau. When you need her at your meeting or conference, do get in touch.

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China bashing season kicks off - Janet Carmosky

The GOP primary season has started, so China as a currency manipulater, the trade deficits and the country's trade practises are back on the agenda, sights business analyst Janet Carmosky in her column in Forbes and tries to explain the Chinese position. It still needs two to tango.

Chinese unwillingness to do as we think they should with respect to their currency valuation is a not act of hostility or aggression. It’s their version of capitalism. We call it mercantilism. They call it  monetary policy – usingmarket forces to build the wealth of their nation. The wealth of the state, not the moral integrity of a free market system,  is the point. 

China got rich by hitching its wagon to a global system built by the west. They learned our language and our rules: they invested in their infrastructure and society in an attempt to meet us more than halfway. They haven’t converted to our value system, nor will they ever. So moral indignation might make us feel good, but it is pointless as a motivator of Chinese policy. 

Realism might be part of the solution.  One aspect of realism – the USA has to invest in its own people and infrastructure, physical and governmental, in order to build the wealth of our nation. It worked for the Chinese. They helped us get into this mess, of course. But it does, I’m quite sure, take two to tango.

More in Forbes. Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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China What? Water as the new oil - Janet Carmosky

Janet Carmosky looks at her weekly show 'China What?' at US-China relations and focuses today at water, the new oil. China has pretty much enough, she explains, but it is very uneven distributed and 70 percent is so polluted, it is actually unusable.

 Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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China What - on the new aircraft carrier - Janet Carmosky

Janet Carmosky 

US-based China watcher Janet Carmosky explains in her video sequel what we should think of China, and this times wonders what we should think about the country's new aircraft carrier in the China-US relations.

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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Getting respect in China- Janet Carmosky

Janet Carmosky

Getting respect in China is tough for any business executive, writes Janet Carmosky in Forbes. Defining criteria: Chinese have to define you as smart, but most foreign expats have no clue how to gain that.

Carmosky spells out a list of issues that could kill the respect Chinese have for you:

Here’s how to squander any chance of respect: walk in with the wrong mindset. Here are the basics – what the Chinese will see as The Opposite of Smart:
• Overconfidence: we’re big and famous, so move over, we’re going into China In A Big Way
• Righteous Indignation: Prepared for the battle of teaching the Chinese the right way. Or else.
• Denial: Business is all about the numbers, and nothing else. Culture is irrelevant. Besides, China is Westernizing.
• Rigidity: We have a business model and that’s what HQ wants. What’s there to talk about?

More in Forbes, where Janet Carmosky explains why business consultants just do not tell you that.

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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About not writing a book about China - Janet Carmosky

Janet Carmosky

It took Janet Carmosky thirty years not to write a book about what she knows about China, she tells in Forbes, and hopes Former US Treasury Secretary and Goldman Sachs CEO Hank Paulson will take at least that much time before he finishes his announced book on China.

Janet Carmosky:

Anyway, I’ve never run Goldman Sachs or the US Treasury. I just ran semi-legal foreign invested businesses in China, spent my Sundays peeling garlic and playing ma jiang with Communist Party officials, and took conference calls with the people in the USA at 4 AM China time for two decades so that I could explain why China isn’t more like America...

I speak read and write Chinese, and have been obsessed with US-China engagement and understanding since I was 16. Chinese people who meet me by phone never suspect that I’m white, and I cook with a wok. The Chinese man I married back in 1985 speaks reads and writes English, majored in American literature, and even back them he was so thoroughly at ease with the Americans who he came into contact with that the Party Secretary of his Work Unit suspected him of being involved in espionage. Mr. Zhang and I were best friends, husband and wife, and the parents of two kids for 18 years. At which point we threw in the towel. As Western as he can be, and as Chinese as I can be, the fact remains – cultural differences between the US and China might as well be six feet of solid concrete. Even if everyone on the two countries were totally bilingual, and we could agree on a menu for a big banquet to be held at some halfway point, the barrier would still be there.

More on Forbes.

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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Health care under the knife - Janet Carmosky

Old people's home in Shanghai

The reform of the health care is one of the core changes China is going through. Janet Carmosky summerizes her insight on the health care system for Forbes, as a preparation for an upcoming conference on the subject in June. Current price tag: USD 173 bn.

Health care reform in China has to reflect a sea change in demographics and social structure. For thousands of years, until the start of the one-child policy in 1979, the glue in China’s health care was a clan system where healthy and strong family members took care of the sick, the young, and the elderly. Increasingly, China’s workforce is made up of people without siblings. They have rising income but the responsibility of taking care of themselves, their aging parents, and a child of their own. The health care implications are numerous...
Why should American business pay attention? In general, it’s a good time for companies with experience in healthcare finance, IT and informatics; drug and device design and marketing; and healthcare facilities design, marketing, and management to look for an opening in China.

More in Forbes.

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

Image by Fantake via Flickr

Janet Carmosky

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Value creation in US-China relationship - Janet Carmosky

Janet Carmosky

What can women contribute in the debate on leadership and value creation in the US-China relationship, Janet Carmosky, CEO of the China Business Network, asks herself in her key-note address. "We know a lot about tenacity. To challenge and to protect equally."

Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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Is China the fairest of the world? - Janet Carmosky

Janet Carmosky by Fantake via Flickr

Janet Carmosky is in Forbes using Snow White's tale to asky why the Americans are afraid of China.

Americans are feeling, at best, insecure in asking, “Isn’t China trying to take us over ?” Granted that China, unlike Snow White, is neither innocent nor harmless, but the question is still sufficiently shallow and paranoid that whenever I’m asked, I feel like the magic mirror. Clearly, and in response to shallowness, power comes from more than a growth rate and a current account surplus – for example, a culture that inspires and a track record of working to benefit the greater good. I think people who know this ask the China question to solicit reassurance on that front.

Carmosky explain - in great detail - that China does not want, need, can or are eager to the American in, in the way the Americans fear.

Understandably, we’ve got anxiety about our waning superdominance. But the Chinese are just doing what they need to do to pull themselves into security and affluence. Part of what they need is for the USA to stay the dominant power in the world. Snow White has earned a place at the table, and shown that she’s perfectly capable of taking care of herself. What’s a Superpower To Do? Pass the salt.

More in Forbes.

Janet Carmosky is a speaker at the China Speakers Bureau. When you need her at your meeting or conference, do get in touch.

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• What America can learn from China - Shaun Rein (chinaherald.net)

Is there hope for Gap in China? - Janet Carmosky

Janet Carmosky via Flickr

Janet Carmosky kicks off another debate on US companies entering the China market: is US mall stalwart Gap having a chance in fashionable China, she wonders in the China Business Network.

Despite having lived in the USA for 8 years now, on any given day I am likely to be wearing something purchased on my last trip to Shanghai or Beijing. Quite frankly, the clothes in America are Really Really Boring. If I, as an American, find Gap clothes boring, what will the consumers who have grown up in a place like Shanghai think? Where’s the bling, the prints and colors, the fabrics that move, and patterns that pop?
Gap, here’s hoping your people on the ground see the markets in Shanghai and Beijing as a challenge to Gap’s design, branding, operations, and most of all, HR and organizational mettle. Because “cornerstone” sounds altogether too corporate a term to describe what will need to be an all out war for share in the world’s toughest fashion retail market.

More on Gap's hope and fear in China at the China Business Network.

Commercial
Janet Carmosky is a speaker at the China Speakers Bureau. When you need her at your meeting or conference, do get in touch.

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China is too busy to rule the world - Janet Carmosky

Janet Carmosky by Fantake via Flickr

Janet Carmosky addressed the China Business Toolbox, in September in Philadelphia and summarized why the fear of China ruling the world is misplaced. They are simply too busy, says Janet Carmosky, CEO of the China Business Network in a transcript of a video:

The Chinese don’t want to rule the world. This is very important for mindset. This is the quickest way I can summarize the right mindset. The Chinese do not want to run the world. They’re pretty darn busy already. They’re pretty darn busy just ruling China – they have fourteen countries on their borders, they’ve got internal insurrection, they’ve got environmental degradation, they’ve got income disparity, they’ve got rural poverty, they’ve got aging – Listen. They’re really, really busy.

And about the relation between Americans and the Chinese:

Yes, the Chinese do think they’re superior, but so do we! So what’s the problem? Are we really committed to this idea of a unipolar world? Because they’re not. They don’t want to rule the world. Why are we threatened by the fact that they want to continue being a powerful nation? They’ve made a huge contribution in so many ways to the world – let them have their prestige and their power. They want us to continue being prestigious and powerful. They want to be our partners.

Commercial
Janet Carmosky is a speaker at the China Speakers Bureau. Do you need her at your meeting or conference? Do get in touch.

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