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China's Top 10 Economic Challenges & the High-Tech Implications

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Bolaji Ojo
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Re: Changing regime
Bolaji Ojo   11/9/2012 7:05:21 AM
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Rohscompliant, Great set of questions. One fact about the Chinese people would suffice, though. My experience has always been that the Chinese people have always been industrious. Unfortunately, communism and the planned economy system obscured this fact for decades.

Think of any Western-educated Chinese man or woman and you'll find that once they've had enough experience working with a multinational, they tend to prefer to start their own business. One of the reasons the Chinese communist-style planned economy system failed is because people like to sell and buy directly and have some control over their own lives.

That's a long way of saying whatever the changes in the Chinese political system, the economic sphere will be open and continue to remain open.

The Chinese Communist Party will accept this as long as its hold on power is not challenged.

Jacob
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Supply Network Guru
Re: China's challenge
Jacob   11/9/2012 4:37:13 AM
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Barbara, in China the entire systems has changed with in last 4-5 years. Now employees are bothered or much aware about their rights and wages, so we cannot make them to work for more than 8 hours under normal compensation/salary packages. They all have feelings that MNCs are extracting and squeezing them for more profits. But they never realizing that because of these MNCs only they are getting exposure to such a good salary and living standards.

Jacob
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Supply Network Guru
Corruption
Jacob   11/9/2012 4:31:23 AM
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Bolaji, now Chinese political system is corrupted; very recently Chinese communist party president made a statement that if corruption is growing like this, with in a couple of decade's Chinese communist party may throw out from power. Corruption is one of the major issue facing my Chinese peoples and government.

FLYINGSCOT
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Supply Network Guru
cool factor
FLYINGSCOT   11/8/2012 4:29:58 PM
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I also wonder how China will ever manage to creat a cool brand that people in China aspire to.  Once they crack that then the West is done for ;-)

Barbara Jorgensen
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China's challenge
Barbara Jorgensen   11/8/2012 4:15:08 PM
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Consumer pressure from the Apple/Foxconn debacle has contributed to some positive changes, but anything that is forced upon a country or company usually isn't welcome. But if workers continue to fight for better pay and conditions, people at the top will begin to listen.

rohscompliant
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Production Synthesizer
Changing regime
rohscompliant   11/8/2012 9:26:24 AM
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Do you think the 'changing of the guard' in China will affect their business climate going forward? Specifically the changing of the people in power that happens every 10 years in China.......that I have been reading about so much lately? Are they business 'friendly' or hard line communists??? Will it have an effect?

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