Local & Foreign Entrepreneurs in China: Part 2 of 2

July 8, 2015

In the PBS documentary of foreign entrepreneurs in China we discover (when the US financial crises hit the world causing more than $64US trillion in global loses while those who caused the crises walked away with fortunes) China experienced a slowdown in economic growth in 2008.

One foreign entrepreneur, Ed Hung, talks of the clothing store he co-founded, NLGX Design, which opened in Beijing in 2008.  He said rent was still increasing.

Ed Hung was born and raised in San Francisco. His business partner, Michel Sutyadi, was born and raised in Germany.  They met in Beijing while studying Mandarin in 2005.

Ed Hung says modern Beijing is becoming a consumer culture.

Then Doug Ma, a co-founder of Go Tour-ING, talks of how the global financial crisis (which was started in America) has affected business.

In the spring of 2008, Dough Ma left his job at an investment bank to travel. He wrote a post for Jet Set Zero in July 2009, and said, “It has been quite a challenge starting up Tour-ING (looks like this business didn’t survive). For one thing, it has been a tough year for the tourism industry. Less people are traveling due to the global economy and the outbreak of swine flu has hindered a lot of travel plans.”

Brian Sloan, CEO of Robotic Blow Job (want to be shocked and/ or LOL, click on the link), says the toys he manufactures and sells seem more popular in hard economic times since people spend less money going out and stay home more so they need a method of self-entertainment.

In addition, in October 2013, Forbes ran The Rise Of Self-Made Billionaire Entrepreneurs In China, And What It Means For The Future Of Chinese Corporations, and said, “Anyone who has followed China’s business billionaire lists in recent years will probably have noticed an encouraging trend: self-made entrepreneurs are climbing the charts. Six out of the ten billionaires topping this year’s list are genuine entrepreneurs.”

Then in August 2014, The Diplomat.com said, “China has long been preparing the ground for entrepreneurial revolution. … Starting in the 1980s, the Chinese government actively encouraged entrepreneurship across the country, by introducing the first patent law, allowing state-owned enterprises (SOEs) to go bankrupt, and creating a more investor-friendly environment for private entrepreneurs.”

And in May 2014, TechNode.com offered The Top 3 Tips For Foreign Entrepreneurs Starting Up in China:

  1. Find a Local Partner
  2. Don’t confuse market size for adoption speed
  3. Learn the language and culture, and hire locals

Start with or return to Part 1

______________________________

Lloyd Lofthouse is the award-winning author of My Splendid Concubine [3rd edition]. When you love a Chinese woman, you marry her family and culture too. This is the lusty love story Sir Robert Hart did not want the world to discover.

IMAGE with Blurbs and Awards to use on Twitter

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China

China’s Holistic Historical Timeline


Local & Foreign Entrepreneurs in China: Part 1 of 2

July 7, 2015

“Young and Restless in China” was filmed over a period of four years starting in 2004 for the Public Broadcasting Service (PBS).

Paris Franz, a student, blogger and writer with a passion for history, art and travel, wrote a post about “Young and Restless in China” for Suite 101.com.

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 600 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.

Continued in Part 2 on July 8, 2015

______________________________

Lloyd Lofthouse is the award-winning author of My Splendid Concubine [3rd edition]. When you love a Chinese woman, you marry her family and culture too. This is the lusty love story Sir Robert Hart did not want the world to discover.

IMAGE with Blurbs and Awards to use on Twitter

Subscribe to “iLook China”!
Sign up for an E-mail Subscription at the top of this page, or click on the “Following” tab in the WordPress toolbar at the top of the screen.

About iLook China

China’s Holistic Historical Timeline


Innovation in China ­– Part 2/2

February 13, 2012

Two examples of Chinese innovation in its private sector were reported by the UN Chronicle.

The title of the UN report was “Industrial And Rural Energy In China: Innovative Private-Sector Initiatives Lead The Way”

The report said,Entrepreneurs in the energy-related sectors, especially in thermal energy, are pushing for groundbreaking and profitable innovations that promise to help control the country’s ravenous industrial energy consumption while maintaining, or even increasing, high levels of output.”


“Encouraging Innovation in China” – Thoughtful China

The UN Chronicle said, “Beijing Shenwu Thermal Energy Technology Company, founded in 1999 by Wu Dao Hong, is a prominent example of the success entrepreneurs are finding in implementing business models that combine environmental and economic goals. It manufactures equipment that reduces industrial fossil fuel consumption and carbon emissions.”

The second example mentioned in the UN report was Hao Zheng Yi. “More than 25 years ago he had the foresight to recognize the formation of a large untapped market for clean-energy services in rural China…

“Mr. Hao’s pioneering design for a sustainable heating and cooking stove, based on cleaner and more effective technology, shows how vital private-sector solutions are in supplementing government efforts to address environmental and social challenges…”

In addition, China is planning to generate electricity using nuclear power.

“A 2009 assessment by the IAEA under its Innovative Nuclear Power Reactors & Fuel Cycle (INPRO) program concluded that there could be 96 small modular reactors (SMRs) in operation around the world by 2030 in its ‘high’ case, and 43 units in the ‘low’ case, none of them in the USA.”


Global Competitiveness Report 2010-2011

However, “The most advanced modular project is in China, where Chinergy is starting to build the 210 MWe HTR-PM, which consists of twin 250 MWt reactors.” Source: World Nuclear Association

China’s critics may cry that nuclear power is not safe. In fact, safe nuclear does exist and China is leading the way with thorium with the liquid fluoride thorium reactor (LFTR).

The UK’s Telegraph reported, “A few weeks before the tsunami struck Fukushima’s uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and ultimately cheaper network of reactors based on thorium.”

Victor Stenger (Physicist, PhD) writing for The Huffington Post says, “The U.S. may end up buying LFTRs from China. Perhaps WalMart will sell them cheap.”

Return to Innovation in China – Part 1

______________

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.

Subscribe to “iLook China”
Sign up for an E-mail Subscription at the top of this page.

About iLook China


China Changing through its Youth – Part 1/5

January 30, 2011

There is a difference between the Chinese that lived through Mao’s time and those born around or after 1980.

Frontline says, “They are a new generation breaking from tradition and transforming China.”

The Mao generation suffered through the Chinese Civil War (1925 – 1949) between the Communists and the Nationalists in addition to World War II (1937 – 1945).

Then there was the Great Leap Forward and Mao’s Cultural Revolution.

From 1925 to 1976, more than sixty million died due to these events. The Chinese that survived were willing to sacrifice by working harder for less so their children would have a brighter future. Now those children are coming of age.

PBS’s Frontline went to China in 2004 and spent several years following nine young Chinese to see how they were changing China.

Neil Genzlinger of the New York Times wrote, “For an American viewer it’s interesting at first because of the ‘just like us’ factor … But soon it becomes clear that everything about them is just like us. …”

There is a businesswoman pressured to choose between motherhood and her career; an Internet entrepreneur thirsting for a more spiritual life, and a young woman searching for the mother she barely remembers.

Their stories are of love, of family, ambition and sacrifice and the conflict between the past and the future. These stories come from a society changing faster than any in history.

Watching this Frontline documentary caused me to question why anyone is pressuring China to change any faster than it already is.

The first person featured was Lu Dong, 32, who returned to China after a decade in another country. He returned because of the opportunities that China now offers.

The narrator says so many Chinese are returning from other countries that the Chinese call them Returning Turtles.

In fact, few in the west realize how many educated Chinese are returning home.

My wife and I know of one man born in China and educated in the US that became the department chair of a university mathematics department in America.  Today, he is a department chair in one of China’s most prestigious universities.

Another man, Ben Wu, also returned to Beijing where he spent his childhood. He was gone from China for more than a decade and has never worked there before.  Now, he’s back to learn. He works two jobs—one for himself starting a new franchise Internet cafe using the knowledge he learned from a business school in New York.

Learn of Foreign Entrepreneurs in China

______________

Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

If you want to subscribe to iLook China, there is a “Subscribe” button at the top of the screen in the menu bar.


Foreign Entrepreneurs in China – Part 2/2

January 24, 2011

In the PBS documentary of foreign entrepreneurs in China we discover (when the US financial crises hit the world causing more than $64US trillion in global loses while those who caused the crises walked away with fortunes) China experienced a slowdown in economic growth in 2008.

One foreign entrepreneur, Ed Hung, talks of the clothing store he co-founded, NLGX Design, which opened in Beijing in 2008.  He said rent was still increasing.

Ed Hung was born and raised in San Francisco. His business partner, Michel Sutyadi, was born and raised in Germany.  They met in Beijing while studying Mandarin in 2005.

Ed Hung says modern Beijing is becoming a consumer culture.

Then Doug Ma, a co-founder of Go Tour-ING, talks of how the global financial crisis (which was started in America) has affected business.

In the spring of 2008, Dough Ma left his job at an investment bank to travel. He wrote a post for Jet Set Zero in July 2009, and said, “It has been quite a challenge starting up Tour-ING. For one thing, it has been a tough year for the tourism industry. Less people are traveling due to the global economy and the outbreak of swine flu has hindered a lot of travel plans.”

Brian Sloan, CEO of Robotic Blow Job, says the toys he manufactures and sells seem more popular in hard economic times since people spend less money going out and stay home more so they need a method of self-entertainment.

Return to Foreign Entrepreneurs in China – Part 1 or discover China’s Sexual Revolution

______________

Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

If you want to subscribe to iLook China, there is a “Subscribe” button at the top of the screen in the menu bar.


Follow

Get every new post delivered to your Inbox.

Join 13,117 other followers