In our lifetime, there perhaps may not be a bigger phenomenon than the inexorable rise of China. For well over a decade, firms from around the world have tried to grapple with the challenges of doing business there. And now, the tipping point seems to have finally arrived for many of these battle-scarred warriors. The Chinese market is on the verge of becoming the single biggest market for many global companies, bigger than even their home market. And that shouldn’t really surprise us.
(This story appears in the 30 April, 2010 issue of Forbes India. To visit our Archives, click here.)
Dear Sir, An article on how china has won 100 olympic medals in 2008 olympics where in India has managed to get only 3 medals should have been interesting.I think when every one talks about india on par with china, in the sports arena we are far behind them.As rightly told by one of clients, on his recent visit to China,inside a small radius of 3-5km radius they have around 3 swimming polls,2 basket ball courts and a tennis court which will encourage the kids to play these sports.Where in India the basic sports nfrastructure itself is very less.So from the grass root level we have to implement the infrastructure rather than just talking about Olympic gold medals.
on May 12, 2010As you rightly mentioned, it is important to maintain relations in China, if you have to be successful. During my experience of three years in china, I have found that it is fundamentally important to know the cultural differences in China, else it may lead to lot of mistrust which is the basis for success in business. Money is the only religion in China!
on Apr 17, 2010We had our imperial British raj, now we are heading for the dragon raj which in ways more than one would be much more imposing and brutal. The Chinese are definitely mending the global practices according to their will and have successfully showed the power of a country of a billion people. This purchasing power coupled with smart strategy by the govt heaped wonders in their market and lifestyles.I wonder when we would be as OPPORTUNIST
on Apr 16, 2010