China in perspective…
The more I work with my colleagues in India and China, the more I come to realize what economic powerhouses these countries are going to become. And I’m putting my money where my mouth is: a few days ago, we bought our first shares in a few Chinese companies, hoping to tap into the extraordinary growth that is going on there.
I often think about the intellectual firepower that is developing in these countries, in their universities and technical schools, and think about the possibilities it has to completely change the business landscape over the next thirty years.
I was reading an interesting article in the New York Times this morning, entitled Is China the Next Enron? It was written by Thomas Friedman, who also wrote The World Is Flat (which, incidentally, is a great read). He had this to say:
Now take all this infrastructure and mix it together with 27 million students in technical colleges and universities — the most in the world. With just the normal distribution of brains, that’s going to bring a lot of brainpower to the market, or, as Bill Gates once said to me: “In China, when you’re one-in-a-million, there are 1,300 other people just like you.”
I’m headed out to Beijing in two weeks to run a series of workshops. It’s my first trip to mainland China, and I’m excited about it. Visiting India and seeing the transformation there, firsthand, changed my outlook. I suspect seeing China first-hand will do the same.
4 Responses to China in perspective…
MissCaron
January 13th, 2010 at 22:07
I’m adding him to my wish list now. I love reading non-fiction lately. Is that because I’m getting old? WTF. Anyway, have fun on your trip. Buy me some designer stuff while you’re there since that seems to be where it’s all made. I’m sure you can get a great deal. KTHXBYE. 😉
Joan Thomas
January 13th, 2010 at 22:21
Thanks for info, Matt. Enjoy Beijing. History is really fabulous, and I hope you have time to look around! We stayed at the Holiday Inn there, and it was really Posh!!!
The buffet was fabulous, and rooms also fabulous. Hard to believe, but true.
One thing about China that concerns me. I have been corresponding with a young Chinese girl for almost four years – getting excited as she learned better & better English. At age 18 everything just stopped, and I know she used to get upset if I did not answer her. I wonder what happens when intelligent girls reach 18 in Beijing, whose parents are a professor and a doctor – schooled in the US, the father was. She has literally disappeared.
My Uncle Alfred (Ambler, PA.) now deceased, but a pretty bright stockbroker from Phila., advised me to NEVER deal in foreign stocks. I am sure things are different now. However, there is a tremendous difference between China and the U.,S. and the way we think. Be careful, is all I can say.
Love you, A.J.
JT
January 14th, 2010 at 01:36
Agree – I got the same feeling on my trips to India (when I find Heathrow open). Tons of bright people with a strong entrepreunarial mindset and a refreshing “can do” attitude.
So will it be China or India? The cynic would say that, in a world of increasingly scarce resources, totalitarian regimes will have an edge in controling social unrest…
An interesting article in the FT a few days ago about investing in BRIC: <a href="http://www.ft.com/cms/s/0/09d46286-fec3-11de-91d7-00144feab49a.html?nclick_check=1"Insight: Busting the myth of the Brics
JT
January 14th, 2010 at 23:01
Apologies – link to the FT article without html tags:
http://www.ft.com/cms/s/0/09d46286-fec3-11de-91d7-00144feab49a.html?nclick_check=1
JT