Marketing guru Tom Doctoroff left China after two decades. For Mumbrella Asia he explains how doing business with China and the Chinese is different. “China marches to the beat of a very different drum,” he says.
Category Archives: globalization
Chinese investors are moving into the world, including Europe, and doing business has become easier, says RSM professor Zhang Ying. Often they know each other already from the past investments into China, and communication has become much easier, she tells at a website of the Spanish government.
China’s markets are littered with failures by US firms, but Airbnb might actually have a chance, says Beida business professor Jeffrey Towson in the Guardian. Domestic competition is not strong, and Airbnb has opportunities in international travel by Chinese.
Journalist Ian Johnson will soon publish his groundbreaking book The Souls of China: The Return of Religion After Mao. For the New York Times he selected a special story, on how president Xi Jinping became the guardian of Buddhism and other traditional believes, and today uses it, not as an object for repression, but as a part of China’s globalization strategy.
Journalist Howard French’s book Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power is reviewed by the Globe&Mail. Key argument: French counters the Chinese narrative of a benevolent force, unlike the greedy Western colonizators. And on Trump: “When two emperors appear simultaneously, one must be destroyed.”
Business analyst Andy Mok has nine take-away’s from this week’s central bank’s press conference. Fintech and startups got priority from the government, he writes in CGTN, and they prepare for global expansion. But domesticallly virtual currencies and digital payment systems are kept under control to avoid capital flight.
On one hand China tries to embark with “One Belt, One Road” on a massive global expansion. But financial limitations on the outflow of capital go against that. Those conflicting messages makes business people worried about what road to take, says business analyst Shaun Rein to the South China Morning Post.
Competition in China is bloody and fierce, but as the Chinese internet companies go global, also China’s internet wars go global, says William Bao Bean, partner at SOSV to FTChinese. Didi taking on Brazil’s 99, its home-grown taxi-hailing app, it a telling sign.
How do China’s current global efforts to expand its power, link to its past as a world might? Journalist Howard French explores in his new book Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power the historical roots of China’s position as a world power.