Does China have a hidden agenda? Can they be trusted? Is it really safe to do business in China?
From an uncensored foreign executive
Let?s face it, when times are tough it is easy to bash China,
perhaps more out of envy than anything else. Yes, China is well
known for business scams and censorship, but those stories are
the ones that get the headlines in the West. Truth be told folks,
over 90% of all business transaction with Chinese companies are
problem and fraud-free.
If we are fair and objective, and take the time to analyze world
events over the last 50 years, China truly deserves to be praised
and not bashed. Here?s why every American and European
should be very grateful?
?China bailed out the U.S. from certain financial collapse in 2008 with the purchase over $2
Trillion in Treasury notes. Of course they had self-interests as well, but without this
financial rescue, the American economy would have imploded.
?China gladly accepted all the factory and low-paying jobs nobody wanted in America over
the last 30 years and became the ?world?s factory? manufacturing over 50% of all consumer
?Chinese workers are the hardest working and most productive people in history. They built
America?s first railroad, and thousands of labor intensive projects all over the world. They
deserve to be rewarded for their hard work and efforts.
?Today, China?s economy is the life-support system for America and most of Europe and Asia.
They replaced Japan as the second largest economy in the world.
?In over 5000 years of history, China has never attacked nor invaded any country without first
being attacked itself. In contrast, in only 210 years, America has invaded and attacked 37
?China embraces foreigners as a way to grow themselves smarter, richer, and better people.
Most Chinese are genuinely friendly and helpful. They do not like confrontations, arguments
and despise drugs. Over 90% of Chinese businessmen are honest and ethical.
?China has the second lowest crime rate in the world.
?IP law suits against China have dropped 27% over the last five years as they are now
adopting international laws as their own.
?Human rights complaints from China dropped 41% over the last 10 years.
China is far from perfect but they are surely
moving in the right direction. They still must deal
with corruption, inflation, and the growing pains of
a their new wealth. The incoming leadership of
2012 has already openly discussed the possibility of
provincial elections, and China now even has a
social security system in place.
They now use Harvard Law Professors (Like Mindy
Busch) to teach their judges the rule of law and
how to administer justice fairly and with
Big hurdles still remain with internet and media censorship but Google is keeping the pressure
on as well as millions of university students who will be tomorrow?s leadership in China. The
hunger for freedom in China is overwhelming. Each day brings the nation closer to a true
democracy and they still look to the West as a role model. We must continue to encourage
and guide them.
Ironically, for 50 years the Socialists in the East and Capitalists in the West bashed and feared
one another. Today the roles are reversed and now we have mutual understanding that
helping each other survive and thrive in a stressful world that grows smaller and smaller every
decade via technology. There will always be tensions and disagreements, but we really need
to keep our focus on the big picture friends.
Let?s give China a pat on the back and well-deserved kudos for their incredible emergence and
economic growth. We need not fear them, only respect them and give them the dignity and
global friendship they did not have for over 4,950 years. They crave a little international
recognition and more freedoms ? nothing more. Is this asking too much?
Many people around the world, even those in ally NATO countries, hold America in contempt
and disrespect these days for the Iraq invasion, secret prisons in Cuba, and the torture of Iraqi
war criminals. The Chinese however, still look up to the American people with admiration and
respect, and only blame the leaders for past deceptions and blunders. We should welcome
their understanding and goodwill. Most of our staff have resided here in China for more than
five years and some as many as fifteen years. We can feel that the friendship is warm and
genuine from most of our Chinese neighbors. Trust here takes a looooong time to build, but
lasts even longer once you acquire it.
Doing business in China, like anywhere else still requires professional due diligence and in this
regard, the China Trade Commission is always willing to lend a hand with free Risk
Management Workshops, and Corporate Executive Training as well as discreet and
comprehensive due diligence reports. Free samples are available upon request.
- China Trade Commission