How China Will Change Your Business

Fascinating story I somehow overlooked from INC, excerpting a book (China, Inc.) I am halfway thru:

How China Will Change Your Business :

   1. China’s economy is much larger than the official numbers show.
   2. The growth of China’s economy has no equal in modern history.
   3. China is winning the global competition for investment capital.
   4. China can be a bully.
   5. China’s economy is an entrepreneurial economy.
   6. The most daunting thing about China is not its ability to make cheap consumer goods.
   7. China is closing the research and development gap — fast.
   8. China now sets the global benchmark for prices.
   9. China’s growth is making raw materials more expensive.
  10. No company has embraced China’s potential more vigorously than Wal-Mart.
  11. There are hidden costs associated with doing business in China.
  12. Piracy is a problem.
  13. China’s heavy buying of U.S. debt has lowered the cost of money in the U.S.
  14. Americans and Chinese have become reliant on each other’s most controversial habits.

The article is worth reading (as is the book if you have the time).

How China Will Change Your Business
Ted C. Fishman
(Illustrations by: Tommy McCall)
Inc. Magazine, March 2005

Cycle of Co-Dependency

What's been said:

Discussions found on the web:
  1. Dann Ryan commented on Jul 28

    They did link to the various sections in the original article, but it seems he copied the code rather than the text, and therefore is left with anchor tags that don’t exist on his page…

    Still a good read none the less, nothing that really floored me.

  2. royce commented on Jul 28

    Kind of wonder when some of these forces will lead to unionism and political reforms. At some point the workers are going to want more than they’re getting.

  3. anne commented on Jul 28

    Follow the Chinese in the arts alone and you will understand the astonishing dynamism.

  4. Lord commented on Jul 28

    Quite a marriage but a divorce would get ugly quickly and the national security implications are not too pleasant.

  5. marku commented on Jul 28

    I remember an ariticle in the FT (Martin Wolf, perhaps?) comparing China’s growth to other Tigers like Korea and Japan, and finding China’s to be considreably less. The question he poses at the end of the article is why China hasn’t done better.

    I think the reason China’s growth has atttracted so much attention is that they are so damned big that when they grow, they change the world.

  6. Mr Burns commented on Jul 29

    Yes, there’s nothing new there, but this juggernaut is not stopping for anyone. We’ll see if they suffer the same fates as all the Chinese dynasties that existed previously.

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