Welcome to my blog that discusses ongoing relations between the US and China. Over the next week I will be discussing 3 different stereotypes that seem to come up when China is mentioned.
While the relationship between US and Chinese businesses is in many ways stronger than ever, the changing leverage in the relationship between the US and China (manifest in a stronger, more assertive China) guarantees that US companies investing and operating in China will face many political and public relations hurdles.
Working in any foreign country has its challenges and China is no exception. As the US economy struggles with a double dip recession, stubborn unemployment numbers and a rising national debt, pundits tend to make assumptions about China that are at best polarizing and at worst inaccurate or just plain wrong. As the political climate in the US threatens to turn protectionist, the future of US/China relations may well hinge on our ability to keep the US-China relationship in proper perspective.
Those of us who have worked and invested in China for years recognize that the Chinese business culture is unique. Over the years we have seen three principle myths perpetuated informally through stereotypes:
- China unfairly manipulates its currency
- China is stealing US jobs
- China doesn’t care about intellectual property protection
It’s important that those of us doing business inside China address these stereotypes and replace them with the accurate picture to guide others interested in investing.