Before I talk Shanghai, a short aside on the political and economic situation in the US of A: I'm greatly cheered by the political turn of events. Evan Osnos of The New Yorker commented that Obama has restored a certain nobility to political involvement, and I have many close friends who worked day and night for Obama, among them Jacob Becklund and Michael Baer. The New York Times article, "300,000 Apply for 3,300 Obama Jobs," says it all. Finally, check out the gem (below) about the departing administration, "Die Bush Krieger: Ende der Vorstellung," which translates as, "The Bush Warriors: End of the Show."
It shows the cover of Der Spiegel magazine from 2002 (left), alongside the 2008 edition (right). Fitting. Credit to my friend Stefan Angrick.The economic turn of events, however, is depressing. US consumer spending will probably not return to its pre-crash levels for another 10-20 years. Fortunately, China, with its massive rainy day fund of foreign exchange reserves, faces a much softer fall. The Economist Intelligence Unit predicts China's GDP to grow by 7.5% for the next two years, as opposed to a contraction (negative growth) for the US, EU, and Japan.
Friends
The axis and allies constitute my two primary groups of friends. My German and Japanese friends, who I know through class, are kind, genuine people. When altogether we speak mainly Chinese together, though English is often resorted to. My British friends, from Leeds University, are a fun-loving lot who have well indoctrinated me with some of their British mannerisms, which they find well amusing. I too now fancy pub quizzes and proclaiming my indignation at the unruly queuing habits of the Chinese. My language partner, Anna, aims to learn German and is wonderfully independent, direct, and well-traveled for a Chinese girl. On the whole, a lovely group of friends, though, since they are mainly foreigners, I do not practice as much Chinese as I would like.Work
One of my objectives was to obtain business experience while in China, and on that account I have done handsomely. I'm interning at a small consulting company called China Streetsmart, founded and directed by a Canadian of Chinese descent. This small shop (5 employees total) operates primarily on the "soft" side, advising Western executives on the cultural differences and peculiarities of doing business in China. Groups of executives, such as Irish manufacturers or Danish product sourcers, come to Shanghai and we tailor a program to suit their needs.My main project is to design, implement, and analyze a survey on the opinions Chinese middle management on issues relevant to their Western bosses. For instance: if an employee cheats on his expense account, but complains that he was unfairly fired because the system is widely abused, who is more at fault: the company or the individual? Forty percent of Chinese answer that the company is more at fault, a number that we expect to be near zero when we run the question in the West. In this case, the data should inform Western executives on the need to create non-abusable compensation systems and how to address violations should they arise. This work also serves as a crash course on Chinese culture for me.
My boss is business personified. He is warm, social fellow, but always with an eye to the bottom-line. A former marketing man, he leverages an impressive rolodex to create value for our clients, who are looking to enter the market, but new to China. He has lively stories of his days managing sales and distribution for the beer companies Beck's, Foster's, and Lion Nathan's in the early 90's, when China was still akin to the Wild West. A good portion of the work is also networking, which has allowed me to attend a spicy bachelor charity auction and to lunch with the former Ambassador to Mongolia and Consul-General of Shanghai. I'm developing that all-important 关系 (guānxi), which is the rich Chinese term for connections.
All told, the position is a great introduction to the world of business, which is actually quite foreign to my family (primarily academics and social workers). If I can secure gainful employment, I will be the first in the family to work for a living--none of this educating or helping people mumbo jumbo. Then again, I may continue to be a student indefinitely, for the life suits me just fine.
One piece of my Stanford life I do miss (in addition to my lovely
friends and daily sunshine), are the intellectually titillating discussions about all [academic] topics under the sun. The matter was hammered home by the stellar FACES conference last week (as an aside, what a phenomenal organization and group of future luminaries! I was fortunate to experience it as a delegate and officer, and I only wish I had of been involved earlier on in my Stanford career). There's no lack of intelligence or interest here at JiaoTong University, it's just that there's no ready forum. To address the issue, I'm founding China EDG, the China Economics Discussion Group, which plans to hold weekly meetings. I'm counting on China EDG to reintroduce the meaty mindfood into my life.
