Face Saving

To save face is an important part of Oriental culture, as harmony is regarded as the key to accomplishing anything and everything socially. Here , I am talking about face-saving not only for an individual but for people he is dealing with as well.

To this end, usually a compromise is reached so everyone is happy. But, if that’s not the case, try to agree to disagree graciously and leave the back-door open and, above all, make sure you do not embarrass the other party especially in public.

This is something you’d better master in daily life, business and otherwise.

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Irreplaceable, short-term

There has been much talk about shifting manufacturing from China because of rising labor cost etc. The process, however, will be gradual and not likely impacts China greatly at least short-term due to :-

1. Well-established supply chain not available elsewhere for now

2. Fully-developed logistic infrastructure

3. Pool of skilled and trained labor

4. Rising productivity and manufacturing efficiency

5. Stabilization of RMB, China’s currency with its recent appreciation losing momentum