Tuesday, September 27, 2011

China emerges - China Summit


I attended the China Summit today and certainly came back with the message that China wants to do business and that China has "worldwide" goals. What these goals are, were left unstated. During the meeting the participants listed a number of problems with the China-US relationship.
I noted during the meeting that the US participants were not fully on board with resolving our US financial problems within the next two years. They had a goal of 3 to 5 years.
This disturbed me because the American people are clammering for jobs and business. Even one Chinese participant said, if you don;t have anything planned now, why not try something with China? One of the US participants answered saying the US is not very welcoming of Chinese investment in the US for various reasons.
It was during this part of the discussion that I realized that the youth of America must make these old millionaires move on or move over. Most families in the US do not want to wait for three years to improve US business and develop jobs. China also has a lot of older immobile people as business and political leaders who are reluctant to change. The youth will have to prepare themselves mentally to take on business and develop these obvious needs of both countries.
This can not be done with ignorance, as Google found out when it tried to develop a Chinese component of  Google. The participants agreed China spies heavily on visitors and steals technology from China-based businesses. It was admitted that, in China, if you are not carrying your important papers, someone is probably copying them.
It was stated the US is hesitant to deal with Saudi Arabia, Russia and China due to cultural and policy differences and the large amount of crime. Of course, many had that same statement about American crime for many years. True, the trust is not there.
China is an emerging giant and it will be up to the youth in both countries to develop the international relationships needed. Oh yes, and American youth must learn Mandarin Chinese.

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