In China With Michelle Zou

Since China opened the door to the world in the 1980s, many foreign companies have made efforts to invest and establish subsidiaries in China, mainly for the relatively low-cost labors and materials or for the massive Chinese market. The Chinese government has issued many policies to attract foreign investment, experts and know-hows. However, some of those foreign companies have failed and retreated from China, while some have thrived and China becomes a major growth market. If we take out the macroeconomic factors such as political impact and global financial crises, and focus mainly on factors that companies have more control on, what are the major reasons for the failures and successes? What can business leaders learn from the lessons of those companies? In this episode, Weidong Chen, Founder and CEO of HAORAY will share his observations through management consulting practices. We will also discuss some opportunities and trends we have seen in the recent years in China.