The growth in China in the past 10 years has been unprecedented. China is still the most popular destination for foreign manufacturing investments on the globe – in 2007, it attracted more than $80 billion in Foreign Direct Investments (FDI). Still, the China economy continues to “overheat.” This “cancerous” growth (China’s average annual GDP growth in 2002-06 was [...]
Sir Francis Bacon said, “Time is the measure of business” in the 1600’s. Those words are truer today than ever. How many times have you sat through a meeting that was a waste of time? We all have, in fact, we have even set them up and in the end realized it was not time well [...]
I have a new acquaintance (thank you, Twitter, for the introduction) who is currently based in Shanghai. When we first “met,” Steven would talk about his class, or promote a new video he had just finished. I would click in every once and a while to check out what was going on. Recently, he started [...]
As you look to develop your business in China, the last thing you want is to have your deal killed over a business or cultural Faux Pas. Whether, you are expanding your own business, going to work in China for your employer, or developing suppliers, you will at some point make a trip to the [...]
The transformation of China from rice bowl to iron bowl has been done expediently. For example, in 2000, 30% of the world’s toys came from China. Five years later, this had increased to over 75%. China increasingly dominates manufacturing in industry after industry. Over the last decade, China exported one out of every three pairs [...]
Lower costs in Asia are not just for large firms anymore. Products, technologies, and services have become steadily cheaper, enabling small and medium enterprises, or SMEs, to take advantage of the savings and flexibility found in Asia. This is particularly true in places where large companies have already established infrastructure and sound labor practices. As [...]
It is difficult to hide from the news these days regarding the threats posed by Asia’s growing economies, specifically China, India and Vietnam. The reactions of many Americans lie in a range of emotions from envy to panic, and even down right loathing. Regardless of where you are on this spectrum, it will not change [...]
