Inside the China Room with Jiang Jiang

This week on Ginger River Radio, Jiang Jiang (JJ) welcomes 刘宏 Mike Liu, who is Vice President, Senior Fellow – Center for China and Globalization (CCG), a leading non-governmental think tank in Beijing, and has an accomplished executive with 30+ years of professional experience in digital transformation, operational excellence, cross culture leadership development and market growth strategies with leading technology multinationals.

In this episode, Mike shares his perspectives on the primary misunderstandings between China and India, the commonalities they share, and the potential areas for strengthening their cooperation. Mike also delves into the prospects for India's economic growth in the future, and the role that its population plays therein. In addition, Mike and JJ discuss the potential future trends of the relationship between India and the United States, as well as the admirable traits and spirit that Indian entrepreneurs exemplify.

Mike is the former Managing Director and legal Rep for DXC Technology in Greater China region, and before that Mike was the global Vice President, Country Head and legal Rep for Infosys, an Indian Multinational corporation, in Greater China region. Mike’s experience spans across Greater China, US, Singapore, and India where Mike has demonstrated his unique capacity to accomplish the growth agenda for the organizations he has served.

Summary:

Speaking from his work experience from an Indian multinational company, Mike Liu says there are more things alike than people might expect between China and India, such as strong educational values and hard work ethics. He also regrets the misconceptions that Chinese may hold of India as underdeveloped and Indians of China as stagnant. With India strategically raising its global profile by hosting events like the G20 summit, there is no better time like now for more bilateral exchanges and mutual understanding.

India is changing, but don't expect this to be at the "Chinese speed", Liu says. Chinese enterprises need to be extra cautious of government policies when they explore the Indian market, and make special efforts to liaison with Indian authorities. The process may be tough, but Liu assures his audience that India has enough potential to be worth the hardships, with its growing and ever vibrant young generation.

Highlights:

7:07 - Misconceptions from China and India for each other

12:01 - Rich potential for the Indian economy

14:53 - India's rising diplomatic profile - and how it will shape the China-India relations

19:40 - Will India replace, contain, or collaborate with China? And vice versa

30:03 - U.S. as the third player in China-India relations

33:50 - The secret to the success of Indian managers, from a cultural perspective

42:58 - India's business environment reflected in the Xiaomi incident

49:27 - Three considerations for foreign enterprises in India

53:29 - Recommendations

Recommendations:

Book - Jugaad Innovation by Navi Radjou

Movie - Dangal, starring Aamir Khan