Can China Lead?

5ACHIEVING COMMERCIAL SUCCESS IN CHINA

Hazardous Business

We have focused on the context of the China business environment and how it has emerged. We have recognized the overwhelming presence of the Party-State and the vast economic differences between regions. We have noted the dramatic build-out of hard infrastructure and the challenge of sustaining a culture of innovation in China. All this has been accompanied by 300 million people lifting themselves into the middle class and beyond. In this environment, state-owned enterprises have thrived, and so too have numerous foreign companies and countless local entrepreneurs. Many non-state-owned firms with ambitions for significant growth, however, have failed for reasons that have to do with their ...