For a couple of years i've been following a company that has one of its divisions in China, an education business with largely foreign clients looking to upgrade their employees' business and language skills - cag-global.com - they're partnered with a Washington university and, as of yesterday, with Intel in a new programme, the economics of which i have yet to understand - #reply-16526022 .... they expect to do well as Beijing revs up for the Olympics ... my principal interest has always been for another division, based in Hong Kong, but this one does look promising now
Relationships seem to be relatively more important to the chinese than to some other cultures ... that's a cliché but it got that way i think because it's true .... and it takes time to develop those relationships, you don't just waltz in and outbid the next outfit and go to work, you're not trusted until you're known, you're not known until you've been tested over time ... so the quality of management and their connections become even more critically important than they would be elsewhere, imho .... these are just my impressions, i'm hardly an expert here
Jay Chen is an expert, sure sounds like one anyway - #reply-16350842 - lots of his posts back in that thread [used to be called Coming Financial Collapse] ... the ones from this summer alone would make a book ... that particular post makes the place sound positively hostile, but hey, he does business there ... might have a harder time if his name was Gringokowski -g- ... whatever comes in from outside needs solid chinese partners, it looks like |
