Mr. Wang Zhongfang shares his views on cross strait relations. He suggests that current leaders in China and Taiwan would learn important lessons from Dr. Sun Yat-Sen’s “Three Principles of the People”, which are the ideological foundation of the Xinhai Revolution that ended dynastic rule in China.
Mr. Wang acknowledges that the two dominant political parties in China and Taiwan have their roots in Dr. Sun’s Three Principles, but would serve their societies more effectively by revisiting the Three Principles of Nationalism, Democracy and Peoples Livelihood.
China’s economic boom has raised hundreds of millions of people out of poverty. In rural areas, widespread poverty remains a challenge. Fuping Development Institute began operations in 1993 with a RMB 500 budget, and since then, has become a major vehicle for poverty eradication in China. Today, Fuping manages a micro-loan portfolio worth tens of millions of RMB, with an impressive 97% repayment rate.
Mr Ji gives a voice and a face to the daily realities of 200 millions of modern migrant entrepreneurs in China, who seek a better life in a rapidly changing society. This is the world’s largest human migration in history. Mr. Ji left his home of farmers in rural Renyi Shandong province and came to Shanghai to earn a living and support his family. He opened a small breakfast stand preparing his secret hometown recipe for “Cui Bing” (crispy pancake).
Golden Bridges is dedicated to building sustainable capacity of China’s NGO sector. The society’s needs are not always fully addressed by the government nor the private sector so the “civil society” requires people and community based efforts to focus on a broad range of human needs. Holly talks about challenges faced by front line NGOs in China, including competition from the government and an unclear and undeveloped legal system.
Mihela and Chris discuss current and future social entrepreneurship trends in China. Much like the development of internet usage in China, concepts like sustainable development and social entrepreneurship were relatively unknown 5 years ago, but thanks to efforts by major celebrities and grassroots NGOs, awareness is growing steadily and quickly. Mihela and Chris argue that social entrepreneurship is a method to contribute to positive social change in China.
Legitimate owners of intellectual property lose billions of dollars annually to Chinese counterfeiters. This reduces investment of capital, technology, innovation and know-how, and increases the cost of production for foreign investors. Mr. Kennedy discusses practical anti-counterfeiting strategies such as keeping a close eye on your authorized suppliers, and frequently checking in with your legal and consultant team.
Michael Kurtz talks about the current trends in cross strait relations from a business perspective. Taiwanese companies have been using China as a manufacturing base for over twenty years. Now, as the Chinese market matures, targeting the Mainland consumer directly (especially in the financial services sector) could become the main China-Strategy for Taiwanese companies.
Thirty of China’s thirty-two largest cities and four hundred of its six hundred largest municipalities face serious water shortages and deterioration of water quality. In order to produce one unit of GDP, China uses seven to fifteen times more water than OECD countries. Water prices in China do not reflect the reality of supply and demand. China’s average water price is 70% to 80% below water prices in countries with no water shortage.
Dr. Mobley talks about challenges and opportunities presented by second and third-tier cities in central and western China. He shares insight on key issues for companies doing business in these cities, such as the importance of creating and nurturing relationships, finding and recruiting talent, dealing with corruption issues and interacting with local and provincial governments.
Companies spend vast sums to cultivate the kind of image that will help them become more profitable, but when a crisis hits, all that investment in public trust could be replaced by skepticism, as well as financial and legal ruin. David Chard specializes in teaching executives to resist the knee-jerk reaction to “shut up and lock down”. His main message: Preparedness.