A better approach to China's markets: Marketing is significant for business between USA and China in the 21st century for mutual benefit and mutual respect.
China's 200 cities with over one million folks are growing at different rates and changing in different ways. Their demographic makeups and consumer attitudes are disparate(butong)for real understanding.
Shanghai and Hangzhou have local preference. Shanghai folks speak mellifluous Wu dialect. Shenzhen people speak Mandarin due to their background from places other than Guangdong.
Nobel Laureate in Economic Science Professor of Economics at Columbia published an article re bankers on page 36:(Joseph Stiglitz)
"he financial system failed to perform its key role,managing risk,allocating capital, and keeping transaction rates low. Instead,it created risk,mismanaged capital, and generating huge transactions costs.(the sector garnered some 40% of all corporate profits in the years before thee crises). There was, too, a misallocation of human capital, as many of America's most talented young people succumbed to the lure of easy money. These were brilliant minds that might have improved society with genuine discoveries or innovation." End of the article with scholarly thoughts.
Washington Post,March 8, 2010 on page A7: In China,Li Keqiang,55, a former farmer who got his doctorate in economics is now vice premier, is widely seen as becoming groomed to be the next premier.
Xi Jinping,57, serving as the Vice President,is considered to be the most likely heir to be the next President.
Francis Shieh a.k.a. Xie Shihao, a believer of altruism,trying to build a bridge of understanding between USA and China via Hawaii as an honorary citizen.
Monday, March 8, 2010 at 10 a.m.