US President Obama visited China last week, primarily to find out what exactly & how exactly China is doing things that makes it such a success story, surpassing all the so-called “expert economic planners” of the US & Europe. His team found these - it applies equally to our country :
LESSON No 1 - BE AMBITIOUS
The Chinese believe in Setting Goals, Making Plans, & Focusing on Moving Ahead - there is always the sense of forward motion.
As an example, a huge 6-lane highway in Shanghai took only 2 years from planning to ready for traffic. In the US, 2 years will only get you the environment and local authority permit if you are lucky - in Malaysia in 2 years, they will still be calculating how to inflate the costs, and to whose abang-adik company to award the project.
LESSON No 2 - EDUCATION
The Chinese are obsessed with ensuring kids get the right education – English, Maths & Science. They made sure that their education system reached even the most remote rural areas - today the literacy rate in China is OVER 90%, surpassing even the USA’s 86%. According to American Educationists, the Chinese kids are way ahead of the kids in the USA.
LESSON No 3 - LOOK AFTER THE ELDERLY
The Chinese DO NOT send their elderly to nursing care centres - they personally look after & care for their parents. In the US, nursing care of the elderly is now costing each resident USD 85,000 annually, & this is rising. The Chinese also believe that the grandparents at home make the best tutors for their children. It also provides a sense
of cultural continuity - this helps bind society.
LESSON No 4 - SAVE MORE
In the USA, savings dropped to zero in 2005, and is only now slowly rising to 4%. In China, the savings rate for every household has exceeded 20%. The Chinese believe that frugality & a healthy savings rate are a sure indicator of a country’s financial health. High savings lead to increased investments – results in increased productivity, innovation & job growth.
In the West, & aped by our Malaysians, the status symbol is to spend more than you earn, with as many credit cards as possible. In the end, the whole country gets into debt.
LESSON No 5 - LOOK OVER THE HORIZON
In China, everyone is forward looking - never backwards. New graduates make a vow - never ever will their children & grandchildren ever work in the fields again. With this kind of forward mentality, people are always thinking & planning how, not just to succeed, BUT how to be the best in the world in everything they do.
with Love and Passion,
Stanley Cham +6012 30 215 88
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