The relationship between the US and China is healthy but requires more vision and leadership. Without a framework for cooperation across a myriad of critical issues, both countries run the risk of a sudden falling out. Tom Manning identifies the future scenarios most likely to challenge the relationship between now and 2025.
In the past decade, the world beat a path to China, but in the decade to come, Chinese companies will increasingly move in the opposite direction, globalizing their operations and acquiring foreign companies. What will this mean to the worlds most important industries? Tom Manning forecasts the competitive impact of this seminal change.
Many of the factors behind Silicon Valleys rise are now evident in China in places like Haidian, the high-tech district of Beijing. Will China claim its historical role as inventor par excellence? Under-estimating the possibility of Chinas ability to innovate could be catastrophic to U.S. competitiveness. Over-estimation will drive paranoia and protectionism. Tom Manning offers a new interpretation of global innovation with China at the epicenter.
Global corporations and investment firms are putting more investment into China than any other country in the world, and yet, supervision of their investments remains very weak. Most companies short-shrift supervision just when they need it most, and as a result, the list of failed ventures is growing. One of the first Americans to serve on the boards of the largest public Chinese companies, Tom Manning sums up the state of the boardroom in China and the discipline required by corporate investors and private equity firms who want to avoid unfortunate surprises.
Wise CEOs are watching China carefully, knowing that the China factor could determine the success or failure of their companies in the years ahead. The initial strategy of simply being there is no longer enough. Now, companies need a more nuanced strategy in order to penetrate secondary cities and market segments and to tap Chinas vast potential for innovation. Tom Manning challenges the conventional approach, provokes awareness of new techniques, and suggests how every Board and executive team can take their game to the next level, deepening their plan for China and integrating it with their global strategy.
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