A friend from Beijing is in town this week… and as always, we have interesting conversations sharing different perspectives. One analogy he used I find extremely relevant. China’s emergence is like a new player joining your poker table. You need to spend time to observe and understand their behavior, their sentiments. Make small bets, test him/her out. If you go all in with the assumption they behave like everyone else, you’d quickly end up broke.
So true.
