Note from Blog host — another example of East meets West through business and trade: Recently, the Future of US China Trade.com reported the results of a survey of 434 multinational companies doing business in China. “78% percent of companies surveyed rank China among their top three priority locations for investment. Only 7% rank China as ‘not a high priority’.”
Part 1 – Young and Restless in China was filmed over a period of four years starting in 2004 for the Public Broadcasting Service (PBS).
This two-part segment is about foreign entrepreneurs in China. I plan to also feature other segments of this PBS Frontline documentary because it demonstrates how much China is changing. The more I learn, the more it appears that there is more freedom in China than most people outside China are aware of.
Franz wrote, “The film highlights what is unique about China at the beginning of the twenty-first century.
“The entrepreneurs – starting up tailoring, hotel and internet café businesses – are full of optimism, supremely confident that their hard work is going to make them rich. As one of them says, China today is “the land of opportunity.”
Part One starts with “there is this misconception of China that it is not modern, that it is still changing, but if you come and see with your own eyes you will discover that (urban) China (where about 500 million people live) is as modern as any city in the world.
One entrepreneur says, if you visit Beijing and see the architecture, you will see that it is leaps and bounds ahead of the US.
Another entrepreneur says, China is a melting pot for all types of entrepreneurs in Beijing… For young entrepreneur it is cheap to start something new in China compared to the US.
In fact, as the economic tide turns against the west, younger, foreign talents are taking their entrepreneurial ambitions to China because the market is right for starting a business.
One American entrepreneur says he graduated from law school at Penn State in 2005. He then talks about how he arrived in China to create, manufacture and sell his own brand of sex toys and fetish clothing.
Note from Blog host – If you plan to do business in China, I recommend visiting the China Law Blog first.
Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.
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