Sunday, November 22, 2009

My trip to China

Last week I was in China. coincidentally so was President O. We had very different experiences. Iwas there on business and had no meetings with High government officials. Instead I met with our colleagues working in our Chinese business, approximately 50 people in Beijing and another 50 in Shanghai. In each case, i made a presentation about the economy and our business. But I also answer questions, and asked questions about Obama.

I found that they were remarkably well informed. I have noticed a big change over the years that I have been travelling to China on a regular basis. Our employees have a good understanding of the stock market, including our stock price, and the global economy. They also understand their government and the trade off between economic welfare and political freedom. They were very sanguine, but very proud of what the country of china had accomplished.

Some of their observations
1. Obama talks a lot but hasn't done anything.
2. They were shocked about the peace prize.
3. They thought that the townhall with the students was completely stage managed by the government. They thought Obama was naive for not understanding that this was all for show with selected participants and planted questions. They were unable to log in and listen.
4. They are worried about the US budget deficit, and the weakness of the US economy and don't understand what Obama is doing about it.

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