Why does my friend Gabor Holch publish a book about expatriate executives in China right now, at such a precarious time? Some may think this book is a brave effort but off sync with recent developments between China and the world. But in my opinion, Dragon Suit could not have come at a better time. To explain why, allow me to illustrate the topic of Western expats in China in the widening contexts of my own story, the history of my firm in China, and finally the likely direction of the entire country.
The company that I am heading in Beijing, the German chemical giant BASF, established its first operations in Shanghai during the Qing dynasty, in 1885. The year before the First World War broke out, China represented 17 percent of the ...
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