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Features - Editor, 3 December 2007

Delightful Public Ownership of China Business (Part 1)



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There are fundamental differences between China business and commercial or industrial ventures in other countries. Most of the literature on this contentious matter is in English and dominated by thinkers straight-jacketed by the dogma of free enterprise. The world may have thrown the baby away with the used bath water, in dismissing qualities of public ownership once the Berlin wall and its constructor began to collapse. It is therefore a matter of sublime introspection to reflect on and to appreciate the communist foundations of China business. It is not in this country’s genes to shout from the roof tops about its strengths and capabilities. That should not prevent enthusiasts from gleaning the hidden secrets of China business.

The thinking behind this article started in the last quarter of 2007, though it aims for timeless utility. It has been a time of unusual turmoil as far as ordinary citizens of the free world are concerned. Not longer after the hue and cry about lead in outsourced toys, we discovered that many of our cousins could not keep their homes. Executives, who indulged in exaggerated external marketing and utterly negligent debt purchase decisions, were given millions of dollars in severance packages for their destructive efforts. That did nothing to dilute our revulsion at the China business extreme punishment for corrupt public officials, but it also prompts a fresh eye on the capabilities of communist to manage capital in the greater interests of the masses.

The State as China Business Leader

The common conception in the west that all significant China business is manipulated by politics and governance is not inaccurate. The country’s industrial revolution in the autumn of the 20th century was led by Deng Xiaoping. The most important decision makers in the China business world do not bother with expensive campaigns of corporate relations, but no one can fault them when it comes to the fundamentals of strategic management. Similarly, in making sweeping changes to implement environmental protection standards, by promoting quality education opportunities for the downtrodden, and by helping all entrepreneurs to participate in the China business success story, Beijing has quietly but firmly wielded its hammers and sickles of state.

The crises of bad debts and injudicious refinancing of such doubtful assets in the United States, has not been alone in defining the nature and characteristics of conventional democratic enterprise. The campaign to elect a new US President has also bean to whir. Whopping donations by interests representing big business have been entirely bipartisan in their nefarious effects. The campaigns themselves, with new Internet versions, have opened the flood gates of down-to-earth concerns of lay citizens. Washington has been more responsive to Wall Street concerns, than about taking a stand on Alternative Minimum Tax. Is it time to visit the popular field of criticisms against politics ruling China business?

China Business Lessons for the Free World

The quintessential China business style is to be understated, considerate, and courteous. Business experts from all over the globe are heard with care. All criticism is received with respect and considered with diligence. China business is responsive, striving to meet the concerns of all stakeholders.

Delightful Public Ownership of China Business (Part 2)

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