This is simply not the case. Some firms have done OK, but others have had to pull back. Few U.S. firms make money in China. There has been a rush to get rich in China, but it hasn't worked, he said. Perhaps American business should take the long view.
China is patient.
They have great numbers but they have time on their side too. They will remind you that they have 5,000 years as a continuous civilization. Maybe we should be patient too, he said. As for Miesing, he had such a positive experience as a Fulbright scholar that he hopes to return to China again, perhaps to continue research on the topic of Chinese Minds in U.S. Bodies, that is, examining what happens when Chinese managers work for American corporations - and how different styles of doing business can be bridged.