SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (46260)2/14/2004 11:59:33 AM
From: BubbaFred  Read Replies (1) | Respond to of 74559
 
The professor makes excellent points on China's achilles heel on its future. However many in China, including the government, realize it and making efforts to change it. I heard it first hand from several people in China, including a few who work for the government.



To: KyrosL who wrote (46260)2/14/2004 8:25:53 PM
From: TobagoJack  Respond to of 74559
 
Hello KyrosL, <<for some reason I think the article below is not an accurate picture of China>> ... I did run across it a few days ago, I reacted by chuckling. If the Chinese learn any more entrepreneurship from the good professor, then ... :0)

To the good professor, it appears that the Chinese entrepreneurship and tenacity that enable survival over the eons of wars and 50 years of communist rule will means nought, and .... ;0)

To me, the good professor is clouded by his bias and is making a mish mesh of Chinese cultural revolution history, treating it as a national economic management issue as opposed to a palace coup and counter coup and counter counter coup.

<<For centuries, .... leaders believed they were at the center of the universe and had little to learn from the rest of the world>> ... this does describe China, at its peak, to its fall, and this now describes China not at
all. However the description does ring a few bells :0)

<<Regardless of their intentions, their heroism and their dedication to the cause of China's prosperity, Chinese managers generally lack the experience, the expertise, and the freedom to run companies efficiently and effectively in a global market. They tend to be conformists, adhering to standard rules and procedures, rather than to personal insights based on their professional experiences.>>

... this is partly true, changing rapidly, can be read another way (ie despite all of the external and systemic difficulties, and running mini-societies around their companies/factories, they still pulled through, and thus perhaps they are more capable than their global peers) and partly utter shribbage, as far as the intended forward guidance is concerned.

Some may say that if the good professor is correct, then the world has nothing to worry about, and so we should ignore what he has to say, and if he is wrong, it then makes no difference, and we should ignore what he has to say.

But, I say, we must not ignore folks like the good professor, because the road to TeoTwawKi will be littered with them, which makes the journey that much more enjoyable :0)

The secret to successful business society is the system. Take HK, we have nothing but same sort of people, starting with less education/money than those on the mainland and yet ... then take Taiwan, Singapore, USA, Trinidad, Indonesia, Canada, Milan, ... where the Chinese are practicing their ... whatever

<<To challenge U.S. corporations, China must develop the two resources that can't be easily transferred across country and company boundaries -- entrepreneurship and management. Those resources challenge her socialist past, her market future, her cultural strengths and economic realities.>>

... the good professor can write so with such confidence and a straight face, of something that is both true and yet not so true. It is all in the interpretation, and saving time for such interpretations and arguments, we can instead simply watch the progress towards TeoTwawKi and enjoy the journey, for it will be hell of a ride :0)

J



To: KyrosL who wrote (46260)2/15/2004 10:47:55 AM
From: Cogito Ergo Sum  Respond to of 74559
 
Kyros,
The prof is comparing entities at different stages no ? China is still building their new economy. As it matures it will need to seek new venues but should not put the cart before the horse..

Maybe she is working for a sagging market research firms ;o)

Spots