The investment landscape in China continues to get better. With the passage last week of the foreign investment law, China is opening up its doors even wider to foreign investors. Opening-up brings progress the people. And China’s development cannot be completed in a vacuum. China needs the rest of the world, just as the world needs China.
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In today’s newsletter, I’m going to focus on Snow Carbon, the revolutionary, patent-protected clean-energy cooking product that wowed our delegation for its potential. I’ve been interested in this company and its revolutionary product, Snow Carbon, since first learning about it in December.
I have spent considerable time in the past two months in China with Mr. Changquan Lu and others in a vibrant network of some 300 small- and mid-size business owners and entrepreneurs who are seeking to partner with cross-border investors.
Last month, Standard Chartered released its annual study forecasting that China will overtake the USA next year in nominal GDP and by 2030, India will elbow the USA out of second place.
With the advent of the Chinese New Year on Tuesday, I am reminded why I am drawn to this amazing country and its rich culture. Of the many festivals that play an important and symbolic role in people's daily lives, nothing is as grand and ceremonious as the Spring Festival.
Since returning from China last week, I have been talking about a resolution to the U.S.-China trade standoff. President Xi’s eight-point economic plan is designed to rebalance his country’s economy from heavy on production and export to giving more balanced weight to consumption and import.
I first conducted business in China in 1997 when I was President of Maytag Appliance. Maytag entered into a Joint Venture (JV) with Hefei Rongshida, which at the time was the largest washing machine company in China.
My friend and business associate, Changquan Lu of Beijing, founded his marketing firm just 15 years ago and has built it into a multi-faceted organization that capitalizes on the potential of some of the best business minds in China.
As visionary business leaders, we sift through the clutter to see opportunities where others do not. The “we” I speak of includes many of the insightful professionals I have come to know and admire over my 40-plus-year career at Fortune 500 companies and as a business owner of and consultant to private enterprises.
I have been on the ground in China for much of the past six weeks and have been learning first-hand from friends and business associates the full economic story that is far more profound than the resolution of the current trade dispute.