Long a proponent that halfpats were the future in China , I recently came on two articles that I think have done a great job of identifying some of the issues that US business persons have with China. The Fortune article You have 7 years to learn Mandarin is an piece on the fact that doing business in China is changing into doing business with China. Reaching back to the years of Japan Inc., Geoff Colvin writes While short-term investors are already cashing in on China’s growth by playing the global commodities boom, smart long-term thinkers are contemplating what happens when China matures from an exporter of cheap goods to a competitor in sectors where the U.S. is dominant - technology, brand building, finance. To make sure firms/ individuals have a place in an area where China’s GDP is larger than the US (he thinks 2015 - I have my doubts) and when Chinese firms begin buying up or competing with US firms , he writes: (more…) ShareThis
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