Committed to China? Prove it
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(InfoWorld) - "I have sent my wife across there because she understands the language," The Financial Times reported News Corp. Chief Executive Officer Rupert Murdoch saying. "There" is China, and he sent Wendi Deng "across" to try to avoid the pitfalls that have ensnared other Western Internet ventures, including News Corp.'s. I had to laugh when I read that, after I stopped shaking my head in disbelief. After knocking on China's door for years, Mr. Murdoch has clearly learned nothing. Sending a representative who carries no portfolio for the company except a wedding ring isn't going to impress anyone in China, regardless of where she was born or what language she speaks. That "send the Chinese guy" strategy worked so well for Yahoo Inc. they no longer own their China unit and their coffers are $1 billion lighter. The one- or two-day "parachute" approach so many CEOs use isn't any better. Fortune 500 CEOs pay lip service to their and their companies' commitment to China on a daily basis, and it's wearing thin, especially on the Chinese. "We're in it for the long-term," "we're here to stay," "China is such an important market for us" -- stop me when you've heard enough, because people here certainly have. If foreign companies are committed to the Chinese market, then it's time to demonstrate that in a meaningful way. The CEOs need to lead a China initiative the same way they would back restructuring, going green, or any other major corporate project. Today I issue the China CEO Challenge: as CEO of a non-Chinese company, show your commitment to the China market by moving here for a year. Establish your personal headquarters in a major Chinese city (Hong Kong doesn't count). Business travel is permitted, but for one year, your home and office are here. For extra credit, have your board meetings in China too. My guess is that if Eric Schmidt parked it in an office overlooking the Bund or the Forbidden City for a year, China's perspective of Google would change and vice-versa. He should spend some time trying to use his company's sites on a regular ADSL connection, and slamming his fist against the desk when some of them are blocked. When pictures of him sitting at the corner shop slurping down beef noodles start showing up in local newspapers, it'll win hearts and minds. I'd bet the first CEO to do this will be European. There was a rumor a couple of years ago that Volkswagen's CEO was going to spend half the year in China and half in Germany, but it never happened. The opportunity is still there. If the U.S. or European or your other home market is more important, that's fine. But then stop saying how committed you are to China because sitting in the same traffic, using the same Internet connections, and eating the same food is the real price of admission.
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A member of the Chinese Olympic Committee came to Athens last May. He visited our Olympic sites, which were still under construction, and met members of the Greek Olympic Committee.
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"China is ready to strengthen cooperation with other countries, including the U.S., in countering Internet crimes."  China on Tuesday denied a report that its military had hacked into Pentagon computers, saying the allegations were "groundless" and that Beijing was opposed to cybercrime. via The Oregonian
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Analysis: Beijing's extensive economic interest in Burma doesn't provide leverage to change the regime's behavior, but it does give China an incentive to resist sanctions. And Beijing has shown little tolerance for  mass protest on its own soil
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Since becoming Treasury secretary last summer, Henry M. Paulson Jr. has pleaded for patience on the issue of China's currency. Using the high-level contacts he made as chairman of the global investment bank Goldman Sachs, he sought ways to get Chinese leaders to move.
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China may provide some answers. Globalization can't hurt.
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As expounded in the survey among US enterprises in China released on September 16, China made progress in observing its commitments to the World Trade Organization (WTO) from mid-2003 to July 2004.
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This past Sunday the Washington Post ran a piece on the possibility of a nuclear war with China. To my knowledge it's the first to appear in such an auspicious publication, so I'll quote it at length:Given China's appetites and our alliances and interests, a war is not inconceivable in Taiwan, or in Korea. To remove American nuclear escalation from the equation, China would need not parity but only a deterrent such as it has long possessed. The Chinese, however, whose nuclear thresholds are dissimilar to ours, would have other options. They know that every facet of America's economy, military and society depends on individual and networked electronic devices. Were these to fail all at once and irreparably, the nation would seize up, perhaps for years.Faced with victory, or with loss, they might choose to -- and who would venture to guarantee that they would not? -- detonate half a dozen high-megatonnage nuclear charges in the mesosphere, in an electro-magnetic pulse (EMP) strike perhaps not even in American airspace, cooking almost every circuit and semiconductor, rendering the American government blind, deaf and dumber than it is already and the country unable to resist the inroads that would surely follow.  Heady stuff, written in a hawkish style reminiscent of the Cold War, but does it add up to a plausible scenario for toe-to-toe nuclear combat?
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The ties between Wall Street and Chinaâs surveillance industry are starting to draw Washingtonâs attention.
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There was a time the words âMade in Chinaâ immediately evoked âshoddy.â Lately, many Americans are thinking âdanger.â
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The United States and Mexico have argued that Chinaâs tax refunds, reductions and exemptions discriminate against imported products or subsidize Chinese exports.
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Feds say China's still playing the spy game.
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By Michael Casey, Associated Press  ZHEN
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China is filthy and needs to spend lots of money to clean up. American companies could get that business.
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The U.S. and China set up several study groups and made general pledges, but did not specifically address Americaâs demand that China stop undervaluing its currency.
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By Joe McDonald Associated Press  BEIJING -- China has promised to pursue product pirates identified by U.S. authorities in a new effort to stamp out its thriving counterfeit industry, the head of the U.S. Customs agency said Friday.
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BEIJING -- Just last month, China announced plans to buy $4.3 billion of U.S. technology as a way to show how serious it is about reducing the ballooning trade gap with the U.S.