Today's installment of the China Business Podcast features Steven Ganster and Kent Kedl, directors of Technomic Asia, offering their insights on the upcoming visit to the United States by Chinese President Hu Jintao.
Ganster comments on the U.S. perspective and offers advice for U.S. businesses, who he says will benefit from "direct engagement" and a proactive approach toward the China market.
Kedl's comments, which begin at 2:16 in the audio, focus on the Chinese perspective and the importance of understanding China's goals to help further our own.
Here are some highlights:
- Currency issues are merely a representation of the United States’ current frustration with China, masking deeper economic problems
- The idea that China allowing its currency to float will stop the job emigration toward China is narrow and unrealistic
- Uncompetitive business models and a skewed view of the global marketplace have the greatest negative impact on U.S. businesses, especially manufacturers
- Just like Bush does in the States, President Hu has his own political struggles and needs back home
- In the back-and-forth over whether this trip is an official state visit, the United States sees a “state visit” as a reward for certain actions, whereas China views it as an incentive for action; the difference is a source of tension between the two countries
1 Comments:
Great podcast, but will you guys do a followup, post-mortem on Hu's visit? Quite disasterous, it seems. No official state visit for the head of state of China? And what was with the rudeness of allowing the Taiwan protestor to rant at Jintao publicly? Judging by all of Bush's own public appearances, they heavily screen participants, so I hope they don't expect us to believe this protestor just slipped through accidentally. Sure we don't like Communists and have our issues with China, but such petulant, amateurish diplomacy will only exacerbate matters. What do the folks at Technomic think the ramifications might be?
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