Chinese Ladies are LOADED, 8 Tips for China Success, Globalization is ???, and Who is Us?

Monday, October 15, 2007 11:32
Posted in category Uncategorized

China Has 106 Billionaires, Up From 15 Last Year and Yang Huiyan, a real estate scion, tops Forbes list of richest in China
As if you needed any more proof that China is awash in money.. What I found interesting was that 4 of top 10 were in real estate, #1 and #2 are both females (Mao was wrong… women hold up more than half the sky), and China is now #2 behind the US for overall number of billionaires.

10 survival tips for Foreign expats who work in China
Trying to sum up how to succeed in China (in 100 words or less) gets harder with each day. There are many different ways to define success, and Romain gives us a list of 10 things he thinks as being key to that. For me, I would add the following:

  1. China is not a guaranteed anything. There may be 1.3 billion people… and it may offer low costs… but with reward comes risk. If you are not prepared to fight for it, you don’t deserve it.
  2. China is not a bubble. It is a bubble bath. Once you have found a “clear” path, jump in feet first, splash around, and cover your privates. If the bubble goes away… pull the plug.. and get out before you get sucked down the drain.
  3. Don’t think that your Western way, brand, education, or money makes will get you anywhere here. That model has failed for many before you, and if that is all you have, you are better off investing in a muni (municipal bond).
  4. Do not think you always need someone else to do the work for you. Work with trusted advisors to source deals, identify manufacturers, and catalyze channels, but get to the bottom as quickly as possible
  5. Invest and Develop your team. There are no short cuts in HR in China, and anyone that is asking below market rate probably performed below market expectations.
  6. Relying on others to QC your goods = outsourcing your brand management to them. you can pay now, or pay later, but either has a cost.
  7. War game often to help you anticipate and plan for change before it occurs, and always be prepared. Anything can and will happen

and one final one for the entrepreneurs in town….If you find a cafe that has wireless, bottomless coffee, and is quiet. Don’t tell anyone about it.

World Publics Welcome Global Trade — But Not Immigration
In the wake of product scandals, offshoring, and all that ha become political, PEW has put out a fantastic study on public opinion of global trade. not specific to the U.S. – China relationship, this study is well work the hour or two for anyone interested in seeing how the world is coping with the changes globalization has brought. Most interesting to me was that only 59% of Americans had a favorable view of trade – a scary statistic given just how much the American economy has benefited – and how a few bad shipments of toys can unwind a lot of goodwill… only 45% of Americans of foreign companies (and they say China is going nationalistic)… yet 70% have positive views of free market … an interesting set of statistics, and I suggest everyone download the report to see what is behind the contradictions

Who is Us?–The Nationality of Production in the Hard Disk Drive Industry
For those of you who agreed with my position on trade statistics, and how politicians perverted them for their own gain, you will find this article of great interest. Written in 1997, several professors from UCLA wrote this piece in response to early offshore outcries. It is an in depth look at the HDD industry as it offshored manufacturing. Some very interesting insights and takeaways here for anyone and everyone.

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2 Responses to “Chinese Ladies are LOADED, 8 Tips for China Success, Globalization is ???, and Who is Us?”

  1. Romain Guerel (French working in Beijing) says:

    October 22nd, 2007 at 3:19 am

    Richard,

    Sorry for my late reply, I was on a business trip around China and beyond. You were not able to find 10 tips, shame on you! You should have at least found 8 or 9 because they are lucky numbers here. Your sarcasism means you are a little bit frustrated in China? Just joking!
    After 10 days cicrcumnavigating China with first French comers into China, I think I will do a “10 tips list for first timers into China”.

  2. Rich says:

    October 22nd, 2007 at 3:25 am

    Romain.

    Frustrated in China? who? me? naaaa…

    8 is the luckiest number in China.

    Interested to see your top ten FOB responses..
    1) Wow, I never realized the Chinese were so…. (fill in blank)
    2) you can get (fill in blank) in China?
    3) What the (Blank)

    been a long day and it’s only Monday.

    Welcome back
    R

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