Comments by "" (@krollpeter) on "GZERO Media" channel.

  1. And I smell China stagnating or even going down. The soup was boiling too hot. Now that the heat is removed from the pot, I see the rusty bottom.
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  2. I lived in China for 18 months and that what I think now is my personal conclusion.
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  3. I lived in Guangzhou, Tianhe. I travel to many places in China, from Shenzhen, Xiamen, Shanghai, Beijing, but also medium size cities such as Xiamen, Wuxi, Fuzhou, Wuhan, also smaller towns in Central and North China which names you probably don't even know. I was for the first time in China 1995, when sometimes the pollution was so bad I could not see the other roadside well. When even big cities where quite dark at night, and huge potholes even on major roads. Bright LED lighting on futuristic looking, huge buildings, and better roads are now the things that many visitors are shown in 1. tier cities. I have seen the real China. And I don't care much which top 500 company opens factories in China. I wish a peaceful and prosperous future to the Chinese people!
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  4. They upgraded the country but kind of forgot about the people. China is too much stuck in tradition and old believes, still. Business decisions are made on basis of personal relationships, not on basis of merits, science, or logic. People are getting a job upgrade not on basis of merits or skills. Copying is far too much, I have worked on copies that were already copies of famous products. And creativity is more viewed as: The nail that sticks out has to be knocked down. The person who sits year after year in an office quietly, and jumping up when the boss steps in is still the one who survives in a company, not the one who wants to improve something. There is very little will by too many individuals to do a good job, because it does not pay really. And finally, the government focuses developing the top 500, but not all these small and medium sized companies. The later are the ones which are literally bringing the people forward, and not only making a few rich shareholders even richer. I did try to help but is impossible to run against the Chinese wall.
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  5. The pure wages are low compared to western wages, but not really low anymore on a global level. Count to that these fact: - for many qualified jobs you need 2 - 3 people to do the same task - many many off-days - the social costs such as company trips, accommodation, food cost - a high fluctuation with the need to re-train a huge %age of the staff every year then you might not be relevantly lower in terms of total labour cost as compared to EU or the US. Plus, you have the logistic problems and ever changing laws around your legs and slowing you down. Yep, and the ghosts cities are truly amazing. Obviously scam projects to lure Chinese people investing into useless show properties. They were never build for people to live. I wonder how they are going to explain this to their own people.
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  6. @Water & Sky I lived in GZ from mid 2015 to end 2016. I travelled the first time to China in 1995 and have since then done countless trips all over the country. You are free to have your own opinion, but what I wrote is mine.
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  7.  @waynet8953  I admitt I did work for multinationals in China only on project basis, but I have more experience with Chinese local and Chinese international companies. The biggest one I worked with has around 11,000 people. It was the same.
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