Chinese Firms
topic on 2 shows · 3 statements across 3 episodes
3 statements about Chinese Firms, every show
Chinese firms have domesticated Western business practices, eliminating the need for expats
“Those roles, those learnings have now been domesticated. And so instead of firms, you know, paying multiples of the cost to bring over a Western professional to do it, Those learnings are now, you know, domestic. And so it's cheaper, and they have those skills…”
Wang: US builds technological ladders, but Chinese firms climb them
“The U.S., in my words, is really great at setting a lot of ladders in place, but its firms are no longer really great at climbing these ladders. It is really the Chinese firms that are able to climb all of these big technological ladders.”