America’s China misconceptions are costing its advantage in the US China competition. China is taking over due to our own ignorance and misjudgment. Since China joined the WTO, American private and public sectors set their China strategies and policies based on these misconceptions. The West must understand that the prevailing, dominant way of doing business in China is the CCP's way, which is against the traditional Chinese culture. The Chinese tactics taking advantage of our misconception are working in their favor, gradually corrupting American society. Lei explores two case studies: JP Morgan Chase and George H.W. Bush.
0:00 Misunderstanding China & Chinese culture
4:00 JP Morgan Chase example
5:41 George H.W. Bush example
References:
http://www.standoffattiananmen.com/2012/06/document-of-1989-president-bushs-secret.html
https://www.forbes.com/sites/antoinegara/2016/11/17/jpmorgan-agrees-to-pay-264-million-fine-for-sons-and-daughters-hiring-program-in-china/?sh=3b723b695688
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