The CEOs in the room only had eyes for China.
Speakers told them the U.S. business class, five years ago equally bedazzled by China, is increasingly disillusioned. “Nobody makes money in China” is now their mantra, and while you are struggling to establish yourself in their market, your Chinese partners are often helping themselves to your intellectual property and showing you the door when they’re done.
Our business leaders clearly thought that nothing like that would happen to us nice Canadians. One of them assured the audience that if only we came to know the Chinese as he has, we too would learn to trust them.