The China Syndrome

“Signs of overheating,” said IMF chief economist, Raghuram Rajan. “If the government doesn’t do anything, the bubble becomes bigger,” said Andy Xie, a Morgan Stanley economist in Hong Kong. What do business people in China think? A recent survey of business leaders in Hong Kong indicated that 62 percent believe the Chinese economy is in danger of overheating. This same survey reported that the biggest factor to CEO success in this hot business climate is “implementation/execution (getting it done).” It doesn’t sound like “Ready, Fire, Aim.” It sounds like “Fire, Fire, Fire.”

Ron Crossland posted this on June 4, 2004, in Strategies.
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