Thoughts on ways to improve the management of professional services firms

Thursday, September 25, 2008

Return from China

I have been in China, hence the further delay in posts.

While we were there the financial crisis broke. There was a sort of morbid fascination in watching it unfold. At the same time, it was also fascinating looking at China on-ground, comparing what I saw with perceptions formed through Australian reporting in particular.

Perhaps the strongest impression was the weakening in the Chinese economy as compared to continued Australian reporting on China's economic strength. This came through in things such as local reporting on declining car sales, declines in manufacturing because of declines in international demand.

Then there was the milk scandal, something of immediate interest because we both drink milk. The damage to China's reputation has been significant, something the country could well have done without. The economic knock-on effects as well have been significant because of the sheer size of subsequent product recalls.

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