Critical Horizons - Breath of the Dragon seminar
There used to be a saying that if the US sneezed the world economy got a cold. In a few years they might be saying the same thing about China.
Confucius Institute of the University of Western Australia senior lecturer Dr Gary Sigley made the statement at the most recent Critical Horizons series seminar, the Breath of the Dragon.
The seminar looked at the growing impact of China in the South West.
Dr Sigley spoke about the challenges faced in China, such as rapid social and economic change and how it could impact business in the future.
“China is experiencing an industrial revolution,” he said.
“But what occurred over a hundred years in the western world is happening in just a couple of decades in China.”
Chinaconsulting principal consultant Song Huat Tan spoke about the role China’s rich history and culture played in developing business.
“The complexity of doing business in China is that it has 1.3 billion people, 56 ethnic groups, 28 provinces and more than 5000 years of history,” he said.
“Hallmarks of successful business in China include long term commitment, preparation and finding the right joint venture partner.”
Local wine producer John Horgan (Salitage Wines) spoke about his experiences breaking into the Chinese market at the seminar.
He said patience, perseverance and politeness were keys to success.
The Critical Horizons series are designed to inform leaders about emerging global trends so they are better equipped for the future. They are organised by the South West Development Commission.
The next Critical Horizons seminar will be held on July 24 and focus on the impact of water issues in the future. For more information go to www.criticalhorizons.com.au