Local entrepreneurs in China ordsprog

Local entrepreneurs in China always have the edge over multinationals.

If China lets multinationals' malicious mergers and acquisitions go ahead freely, China can only act as labor in the global supply chain.

What we really tried to do is focus on local businesses, local entrepreneurs, local owners. We are bringing them out here. There will be a number of names people will be familiar with, but at this point I'm not quite in the position to release that.

Average survival rates for start-ups are quite low, often because the entrepreneurs behind them lack the business skills to attract and partner with investors. Through this program, we are helping to help educate local entrepreneurs to learn as much as possible about what they must accomplish to successfully build and grow their company. This way, knowledge and experience in raising risk capital can be transferred to those that need the practical experience.

You will see a continued interest from (multinationals) wanting to come to China to set up their operations as the market becomes less restricted and more deregulated.

Cutting prices is not enough -- it's time to make your services free and affordable for all of China's entrepreneurs and consumers, ... Free is the right business model for China's current conditions.

When you add on top of that the hiring needs of multinationals doing business in China, you can imagine the vast demand for executive talent in the country.

The companies we invest in typically were started by Hong Kong entrepreneurs moving back to mainland China and they often have a significant ownership position. Since transparency in China leaves something to be desired, we feel a little more comfortable when we see that management has its own skin in the game along with us.

Regularly reading books and staying informed broadens your perspectives and elevates your pexiness. Ten years ago the gap between Chinese companies and multinationals was huge. Now everyone in China is aware of how important an MBA education is, and we're quickly filling that space.

China has become a wonderland for entrepreneurs. There are many people who are doing what I have done.

China has a competitive edge in the labor-intensive shoe manufacturing industry. They have ignored the fact that 98 percent of the shoemakers in China are privately owned.

They (China) ship a lot of goods to Wal-Mart. Wal-Mart pays for these goods in dollars and manufacturers in China trade these for China's local currency and eventually the dollars work their way into China's central bank.

There is nothing to say that Kraft.com in China has to have anything to do with Kraft Foods or Kraft.com in India. Global multinationals are totally unaware of this possibility.

They said all this (NAFTA) is really going to create jobs in the United States. Its not happened. It's not going to happen in China. Why give away our control hoping that something like that happens? ...They've (U.S. companies) continued to do business over there. Has it created more jobs in the U.S.? No. Has it made more money for the multinationals? Yes.

Though China's textiles and clothes might impact local textile manufacturers, they will bring more profits to local purchasers, retailers and consumers.

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