Filed in archive News by Greg Cruey on September 30, 2008

A blog called Geostrategy brought this piece from the Australian's Sunday Business section to my attention. Their point is well taken: the world is paying attention to she how China handles the milk crisis.

An excerpt...

At least the current crisis in the dairy industry, from which some of China's bigger companies may never fully recover, serves to provide a clear-cut lesson to those who have argued for China's exceptionalism, claiming that the usual economic rules don't, or shouldn't, apply.

Shanghai-based marketing outfit Access Asia's newsletter says of the plight of New Zealand dairy giant Fonterra, 43 per cent owner of state-controlled Sanlu, the biggest culprit in the poisonings of thousands of babies: "We'd suggest that one reason this situation got so bad was that many of the executives involved had read several of those dreadful China business books that always say something like: 'Never, ever, under any circumstances, embarrass or openly confront your Chinese business partners as they will suffer loss of face, and this is absolutely the worst thing that can happen.

"We beg to differ....

The irony, as The Australian points out, is that China is more nationalistic now than before the crisis and there is little patients for those who suggest that China has something to learn about business.

The brand name of Made in China is at stake. It has obvious problems already. Will China's actions strengthen it? Or will they weaken it still further...?

Shanghai

Related Entries:

Dairy Alternatives for the Milk Allergic - 26 September 2006
Non-Dairy Alternatives to Milk - 27 September 2006
Milk from Chicken Meat for KIds with Dairy Allergies - 29 August 2007
Melamine Milk Scare is a Non-Topic in Our Milk Allergic Hous... - 28 September 2008

« Abu Dhabi to Start $1.5 B... | Main | Buffett Backs Batteries i... »

Permalink: Milk Crisis: The World is Watching,,,

Tags: china milk 2008 business venture venture+capital milk+crisis china+venture

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/135161

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for Milk Crisis: The World is Watching,,,:

Currently 9.33/10
1
2
3
4
5
6
7
8
9
10

Rating: 9.33 out of 3 vote(s) cast.

Add your response to Milk Crisis: The World is Watching,,,:

Name: *

Email: (will never be shown)*

URL:

(* marked fields are required)

Notify me if more comments appear?

Subscribe to China Venture News newsletter? (Newsletters are sent out weekly).

Remember me

Security Code: *
(Please help us to sort out spam.)

Please enter your comment here: (Sorry, no HTML is allowed - URLs will be made clickable automatically if you add http:// to your URL.)

We welcome your comments, however all comments are moderated. Offensive or off-topic comments will be deleted and not displayed.

Share It

Use the search to look for other interesting posts

Contributors (Last 90 days)

Donald Greg (3)
Greg Cruey (10)
Creative Weblogging (4)

This site has 538 entries and is powered by Creative Weblogging since July 2005.

ChinaVentureNews seeks news contributions

If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

Thank you!

Please simply use our form here.