The Inevitable World War With China
The 800-pound gorilla no one talks about
Sept. 20, 2005, Vol. 1, Issue #32
IN THE NEWS
BEIJING--Visiting the Chinese capital for the first time since 1996 is a startling experience. Nothing you've read can prepare you for the overwhelming physical reality of China's explosive growth, its leap from the bicycle age to the age of Audis, cell phones, and a middle-class passion for fashion.
Wander through Beijing's glitziest malls and watch crowds of young Chinese chatting on cell phones, roaming in and out of Nine West, Mr. Klein, Givenchy, Rolex watch stores, Starbucks, Pizza Hut, or the local Cineplex, and you realize Americans have paid too little attention to the world's biggest story.
"Worldview-The New-Look China"
Philadelphia Inquirer, Sept. 15, 2005
At the InfoUSA privacy forum in Aspen last July, Tom Peters went into orbit over China.
The size and rapidity of change is breathtaking, he told forum attendees. Every 26 minutes a new foreign-owned factory opens in China. Every 43 hours a new research and development office opens in China. Every month for the next 15 years, China will have to build a new infrastructure equivalent in size to Houston, Texas.
"Sam Walton was Mr. Buy America," Peters said. "Today Wal-Mart's purchases in China are bigger than all of Germany's.
"I will never again wear a baseball cap not made in China.
"Success Strategy Rule #1: Never compete against China on cost or Wal-Mart on price.
"Rule #2: See Rule #1.
"We must innovate our way out."
Tom Peters is renowned as a business guru.
Peter Drucker once said that journalists use the word "guru" because "charlatan" is too hard to spell.
Peters's world view is as shallow as a saucer.
China today poses some incredible challenges to fair global business, to the safety of foreign corporations with offices located within its borders and to the very future of international security.