5 Things the 2008 Shanghai CIPS Class Would Like For You to Know about Shanghai.
Last nights homework for the Shanghai CIPS class was for each person to choose 1 thing they would like the world to know about Shanghai. We listed these things in class and voted for the top 5. I have left these things stated as closely as possible to the way the students said them. Please consider, the ideas were expressed in Chinese and translated. They may seem awkward in syntax; but I felt that it was important to leave them as close as possible to what I actually heard.
1) Forefront of Chinese Economy. Access to the Chinese economy.
2) The people are very talented.
3) Shanghai is an international City.
4) Shanghai enjoys a high standard of Government Service.
5) Shanghai is the center of 4 things in China.
a. Finance
b. Shipping
c. Trade
d. The economy.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Showing posts with label Shanghai. Show all posts
Showing posts with label Shanghai. Show all posts
Friday, July 25, 2008
Sunday, July 13, 2008
What I Have Learned from My Students in Shanghai (pt. 2)
What I Have Learned from My Students in Shanghai (pt. 2)
4 days of class are done now. Today’s class was on Europe. The students began the class expressing no interest much in doing business there. Going around the room each student was asked to choose a preferential country from Europe as a business target. This seemed to change things. One student is from France and he had to choose a country other than France. Despite the historical relationship only one student chose Russia.
The students did not realize before the class that The European Union is China’s largest trading partner. As we went through the Eastern European countries, similarities of situation were noticed. China and Viet Nam are the only countries that have retained communism and embraced capitalism at the same time. I think the real differences may be more semantic than political. What the west wants to export to the communist world is better defined as democracy than just capitalism. What the communist call communism is so totally different from what Karl Marx envisioned that all it really means is rule by one party. “The Party” itself seems more like a big lodge than a party.
The government people I have met here seem to be, for the most part, sincerely committed to having a society where everyone prospers. What I have seen of democracy in the last 8 years are systems where everyone pursues their own self interest. I can’t help that think that if we wish to “sell” democracy to the rest of the world, perhaps we should work on our “product quality” a little.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
4 days of class are done now. Today’s class was on Europe. The students began the class expressing no interest much in doing business there. Going around the room each student was asked to choose a preferential country from Europe as a business target. This seemed to change things. One student is from France and he had to choose a country other than France. Despite the historical relationship only one student chose Russia.
The students did not realize before the class that The European Union is China’s largest trading partner. As we went through the Eastern European countries, similarities of situation were noticed. China and Viet Nam are the only countries that have retained communism and embraced capitalism at the same time. I think the real differences may be more semantic than political. What the west wants to export to the communist world is better defined as democracy than just capitalism. What the communist call communism is so totally different from what Karl Marx envisioned that all it really means is rule by one party. “The Party” itself seems more like a big lodge than a party.
The government people I have met here seem to be, for the most part, sincerely committed to having a society where everyone prospers. What I have seen of democracy in the last 8 years are systems where everyone pursues their own self interest. I can’t help that think that if we wish to “sell” democracy to the rest of the world, perhaps we should work on our “product quality” a little.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Friday, July 11, 2008
What I Have Learned from My Students in Shanghai (pt. 1)
What I Have Learned from My Students in Shanghai (pt. 1)
Today will be the 3rd day of class in the Weston Institute in Shanghai. Some of the top developers in the city are sharing the experience. Almost every student has a laptop open as we go through the class. My overheads are in English. They have English and Chinese and use the overheads and the internet as we go through the material.
The first case in the Finance class is a Taiwanese buying a home in the USA. The book we are using is an old version and the case is outdated. We decided to use Shanghai as the destination for the buyer. A lot of the cultural issues are the same. Foreigners must live in Shanghai for a year before they can buy a home; so our example had to rent first for a year. Because our students are developers, we used an example based on a development one of the students is doing. This turned a dead old case into something dynamic.
Another difference is that the subject of our case will have to pay 9% tax on the total price of the property when he sells it. Even with this the profits will be tremendous after only a 3 year hold based on past performance of housing prices. That is the catch. Housing appreciation has slowed to (according to government figures) 0%. I will learn more today and share it with you.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Today will be the 3rd day of class in the Weston Institute in Shanghai. Some of the top developers in the city are sharing the experience. Almost every student has a laptop open as we go through the class. My overheads are in English. They have English and Chinese and use the overheads and the internet as we go through the material.
The first case in the Finance class is a Taiwanese buying a home in the USA. The book we are using is an old version and the case is outdated. We decided to use Shanghai as the destination for the buyer. A lot of the cultural issues are the same. Foreigners must live in Shanghai for a year before they can buy a home; so our example had to rent first for a year. Because our students are developers, we used an example based on a development one of the students is doing. This turned a dead old case into something dynamic.
Another difference is that the subject of our case will have to pay 9% tax on the total price of the property when he sells it. Even with this the profits will be tremendous after only a 3 year hold based on past performance of housing prices. That is the catch. Housing appreciation has slowed to (according to government figures) 0%. I will learn more today and share it with you.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
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