Word: gobi
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...find yourself in all sorts of trouble. That's why it is so important to have at your side advisers who know China inside out. This week, our story Let it Rain! profiles five such guides, including one who learned his key business lessons when exiled to the Gobi Desert during the Cultural Revolution, and another who likes to take Chinese partners mountain biking in Arizona...
Weijian Shan, a managing partner of U.S. private-equity fund Newbridge Capital, learned some unexpected lessons about business in China's Gobi Desert. During the Cultural Revolution, Shan, a Beijing native, was banished there for six years. By day, he sweated under the blistering sun, tilling the soil and herding cattle?or healing villagers as one of Mao's famous "barefoot doctors." At night, he listened to Voice of America on a small radio, studied an English dictionary and hoped for something better. "When you have a job in the Gobi with absolutely no hope and no future, you learn...
...Growth doesn't necessarily translate into profit." During a February luncheon in Hong Kong, Shan shocked the crowd by challenging Nobel-prizewinning economist Amartya Sen for praising Mao's "barefoot doctor" program as a sound way to provide health care to the poor. Shan, recalling his experience in the Gobi, noted that the government trapped people in the service in deplorable living conditions. Says he: "If there's a record that needs setting straight, I'll set it straight." Though no longer barefoot, Shan may be helping China more than ever...
Weijian Shan, a managing partner of U.S. private-equity fund Newbridge Capital, learned some unexpected lessons about business in China's Gobi Desert. During the Cultural Revolution, Shan, a Beijing native, was banished there for six years. By day, he sweated under the blistering sun, tilling the soil and herding cattle--or healing villagers as one of Mao's famous "barefoot doctors." At night, he listened to Voice of America on a small radio, studied an English dictionary and hoped for something better. "When you have a job in the Gobi with absolutely no hope and no future, you learn...
...Growth doesn't necessarily translate into profit." During a February luncheon in Hong Kong, Shan shocked the crowd by challenging Nobel-prizewinning economist Amartya Sen for praising Mao's "barefoot doctor" program as a sound way to provide health care to the poor. Shan, recalling his experience in the Gobi, noted that the government trapped people in the service in deplorable living conditions. Says he: "If there's a record that needs setting straight, I'll set it straight." Though no longer barefoot, Shan may be helping China more than ever. --By Michael Schuman. With reporting by Austin Ramzy/ Hong...