SAN FRANCISCO -- Anyone interested in investing in or doing business with Chinese companies should understand China’s fundamentally different corporate values, said Joshua Cooper Ramo, a keynote speaker at the Schwab Impact 2011 conference in San Francisco.
One key difference, said Ramo, a scholar and best-selling author, is that the Chinese often put the welfare of the community before that of the individual. This is largely so because the Communist Party continues to retain a firm grip on the country¹s leadership, Ramo told a crowd of close to 1,000 advisors.
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