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Economy Future

Mexican Lessons For China After High-Speed Rail Deal Collapses

BEIJING — The Mexican government announced Nov. 4 that it had awarded its first high-speed rail contract to a Chinese-led consortium. But as the exciting news was still buzzing in the Chinese press, Mexican President Enrique Pena Nieto suddenly canceled the deal five days later. As the media later reported, the consortium led by China […]

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Society

Guanxi, Evils Of China’s Traditional *Social Networks*

BEIJING — A friend of mine recently made an appointment for his heart problem at the cardiac unit of a very well-reputed hospital. When he finally managed to see the chief physician, the doctor’s first question wasn’t “What’s the matter with you?” or “How long have you been feeling unwell?” but instead, “What guanxi have […]

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Economy

When Chinese Businessmen Step Onto The Global Market

Over the past 30 years, while China opened up to the outside world, the Chinese business community has gradually accumulated more and more knowledge of the world as well. Access to the World Trade Organization and modern information technology also helped speed along that process of global understanding. Still, there are limits. Since the vast […]

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