Date: 24 March 2010.
Author: Daniel Michaeli.
The best strategy for dealing with Beijing’s chilly new business climate is not to copy Google’s example
No matter how tense commercial relations between the U.S. and China become, American corporations cannot afford to mimic Google’s (GOOG) mistake and give up huge growth opportunities in the world’s largest market. That’s why business leaders need to adjust their strategies quickly to stem the damage.
First, they must cultivate untapped sources of support within China, beginning with independent executives who also chafe at Beijing’s market-unfriendly policies. Coordinating a message with these leaders would change the narrative, removing the perception that greater economic openness means giving in to foreign pressure.
Some are already willing to join U.S. companies in public support of better Chinese economic policies. On Mar. 24, for instance, Bloomberg reported that Chinese executives including Yang Yuanqing, CEO of Lenovo (LNVGY), have gone public with their support of the currency realignment U.S. exporters need to be more competitive in China.
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Tags: China, Chinese Politics, Commercial Aircraft Corporation of China, Daniel Michaeli, Google, Intellectual Property Rights, Liu Jieyin, Trade Policy, U.S. China Policy, U.S.-China Commercial Relationship, United States, Yang Yuanqing