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Chugging Along.(opportunities in China for multinational corporations and trade)
Don St. Pierre sr. can recall the first Western deals in revolutionary China, which is why his perspective on today is so striking. As manager of the first major U.S.-China joint venture, Beijing Jeep, he arrived in 1985 when most Chinese still wore Mao suits and commuted on black bicycles. Socialist ideals were paramount. Entrepreneurship was shunned. Home was a "Mickey Mouse room" at the Lido Hotel. When St. Pierre asked for research on the number of private car owners, the answer came back: two. Now it's 1 million and rising, and many automakers see China as the key to future growth in a slumping world economy. "All the things we were dreaming and scheming 20 years ago ...
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