Word: china
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...foreign business community in China has deep respect and affection for the Chinese people and their hard-earned success. But more than a few foreign business leaders are asking themselves if they have been bamboozled by the system. Multinationals have been solid citizens in China, handing over heaps of capital, technology, training, source code, best practices and proprietary products to joint-venture partners they were forced into bed with. They have funded schools, orphanages, disaster reconstruction, overseas scholarships and all manner of poverty-alleviation programs. But now that the China market matters more to them, it appears that China couldn...
...same time, I have also seldom seen the Chinese government and business community more unsettled and uncertain. Theirs is an arrogance borne of insecurity. The global financial chaos and China's rocketing global status threw off the meticulous national development schedules carefully crafted by the risk-averse and surprise-allergic engineers who run the Party. (See the top 10 Google Earth finds...
...terrified of their outsized expectations. People under age 40, the progeny of the one-child policy, didn't live through Maoist poverty and upheaval. They are pampered, impatient and demanding. They consider exponential growth as a basic benchmark of life, and access to information to be a civil right. China's rich are powerful opponents of further reform and opening. They made money the local way and are determined to block foreign competition so this can continue...
...their spare time, China's leaders are reaching under the carpet to tackle the country's endemic corruption, epidemic pollution, emaciated health care, shredded social services, entrenched industrial overcapacity and swiftly aging population, to name a few. They have little remaining bandwidth, and no experience or desire to be the visionary and magnanimous world leaders who can look beyond China's own often desperate needs that the world wants them...
...both Chinese and non-Chinese have legitimate challenges and understandable phobias. Google is just a proxy in this intensifying dispute. It's really about rebalancing the economic and political dynamic between China and the developed world, with the U.S. as the key negotiator for the West. It won't be easy. China and the U.S. are past masters at blaming their domestic policy failings on outsiders. Finger-pointing politicians and chest-beating nationalists in the two nations will make rational discussion nearly impossible. Yet it is time for leaders on both sides of the Pacific to lift their heads above...