ChinaLawBlog from the Doing Business in China seminar
October 26, 2006 by SwizStick
Filed under Misc Logistics
Dan Harris of ChinaLawBlog has been live blogging the Doing Business in China seminar. I found his remarks commenting on a speaker who was overly exuberant about China interesting and of note:
He went on to state, definitively, that the Chinese are “better merchants, better traders, and better manufacturers” than Americans. I completely disagree. If selling products cheaply is the sign of a better merchant, then yes. But when it comes to merchandising, I think Target, Apple Computers, Best Buy, Wal-Mart, Home Depot, Office Depot, Motorola, Microsoft, Caterpillar, Coca Cola, Pepsico, Yum, Gillette, Harley Davidson, and Colgate are all far better merchants than any Chinese company. If the Chinese are such great merchants, why are they completely absent from every credible list of the world’s top brands?
The same holds true of China’s manufacturing acumen. Yes, Chinese factories have an amazing ability to produce products cheaply, but if China were tops in manufacturing, why have high-end manufacturers been so slow to set up factories or outsource there? Would you rather fly on a Boeing airplane (yes I know its parts are made all over the world, including China) or a Chinese airplane?
I agree completely.
Read parts I, II, III, and IV for an overall view of the seminar.
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