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That makes a lot of sense. Thanks. That also helps explain why the Chinese are investing so heavily in US companies and real-estate and even in places like Afr

• hangonhn 12y ago
  If you can navigate the politics, personalities, culture, and regulations, there is A LOT of money to be made doing that in China. In general, there is a lot of money to be made in China selling the level of sophistication common in the West but doing it in a way that's culturally acceptable to the Chinese. If you're interested, check out James Fallows' "China Airborne". It's about the nascent airline industry in China but it's a bellwether for other nascent sophisticated industries in China. For example, when Boeing needed to get China to follow the same strict practices that the US airlines do, they had to tell the Chinese that they need to meet the "international" standards. While it is true the standards are international, what Boeing didn't mention is that the US pretty much wrote those standards. The Chinese find it a lot easier to accept that it's an international standard everyone has to follow instead of an American standard.