|Home|News|Reports|Photo|Video|Agenda|Backgrounder|Forum|  
  Latest News

Entrepreneur shares the secret to good business

By Lu Haoting (China Daily)
Updated: 2007-03-15 06:37

A key duty of a business reporter at the NPC is to get a great scoop from some of China's top company executives.

If you are lucky, you might get a great story if you follow your target into the washroom.

But this year, there was no need for any washroom antics has I scored a fair share of face-to-face exclusives, just for being patient.

And the interview requests granted to me often took place at night after my subjects finished all day, exhausting discussions and meetings.

While I felt somewhat sympathetic for bombarding the red-eyed entrepreneurs with "serious" questions at that time, I was impressed by their conscientiousness as NPC deputies and members of the National Committee of CPPCC.

It was already 9 pm when I met Zhou Xiaoguang, chairperson of Neoglory Group, in her hotel room last Wednesday. I was surprised when she asked me how the weather was outside.

She had not stepped outside of her hotel during the past four days, except to go to the Great Hall of the People on March 5 to listen to Premier Wen Jiabao's government work report.

"There are a lot of things to do," Zhou, who founded Neoglory, a leading Chinese costume jewelry manufacturer, said.

Sure enough, she was busy preparing for her 42 motions and 24 proposals to the NPC.

She has a host of proposals including setting up a national standard on the manufacture of costume jewelry, establishing customs in Yiwu, which exports most of China's small commodities, adopting laws against hostile buyouts, and solving housing problems for immigrants in Yiwu, a bustling city in Zhejiang Province.

"I am the only NPC deputy representing Yiwu," Zhou said.

"It makes me very proud. But more importantly, it is a great responsibility."

A businessperson only thinks about how to land a successful deal and make profit, she said. But an entrepreneur "cares more about a brand's sustainable growth and its social impact".

Zhou is just one of the few entrepreneurs who stressed "sustainable growth" during my interviews. To my surprise, a common phrase many raised was "building a 100-year-old business".

These fast-growing companies, now in their teen years, are entering a second phase of development seeking stable growth. The people that run them hope their brands will continue being successful after generations.

China is not short of time-honored brands that were established more than a century ago. Some are still flourishing, but others are withering.

Will these "teenage" brands founded by China's new generation of private entrepreneurs still be remembered in the next century?

Well, they have my best wishes.

(China Daily 03/15/2007 page6)

Question Session

The Supreme People's Court will send back cases to provincial courts for retrial if it evaluates that a death sentence has been passed without proper .

From our readers

 gaogao: I think we should pay more attention to Chinese traditional festivals which should become holidays by shortening May day holiday and National holiday.

 I agree: China does not have a labor shortage. What China lacks is efficient labor. Per capita wise, Chinese labor is MANY TIMES less productive than developed nations' labor.

 Spend: China should spend and invest this money on many things China needs right now. One thing China needs is technology to control pollution and waste. China also needs energy technology.

 Ewald Widiner: I fully agree with Commerce minister Bo Xilai , my advice to the Chinese industry would be to counter this protectionism from the US and from the EU with quality,best achieved in educating and qualification of the workforce.

 Kris: I cannot understand why my country, Canada, has not sent him back.

Hot Forum Topics

 When Taiwan unites, Should Chen Shui Bian be tried in Chinese court for treason?
 9 involved in Shanghai fund scandal get sacked
 Why China cannot be over-populated?
 Beijing demands US cancel planned missile sale to Taiwan
 Washington Post: China plans rise in military spending
 Chinese Premier Wen Jia-bao's article

Photos
The assignment: tell the National People's Congress (NPC), which has the authority to do anything that legislation can do in China, what a foreigner believes China needs.
In the Limelight

Property law:
Property law gets fine-tuned in latest round

 

Corporate tax:
New corporate tax offers level playing field

 

Financial reform:
Healthcare plans in pipeline

 
· Time for China to tax property
· Tax support for conservation urged
Slideshow

Supportive forces for NPC/CPPCC:

 
· NPC session focuses on social harmony
· Migrant workers
Video
· Commerce minister & central bank governor meet the press (2)
· Commerce minister & central bank governor meet the press (1)
· Foreign minister meets the press (20)
· Foreign minister meets the press (19)
· Foreign minister meets the press (18)
Tidbits  
    Shark fin dishes under attack
Take all shark fin dishes off the menu before the 2008 Olympic Games, a lawmaker proposed yesterday.
 
    Lawmaker proposes taxation on dog ownership
Dog owners should be taxed to help dampen urbanites' enthusiasm in raising the pets as the fear of rabies is rising.
 
   
Copyright 1995-2006. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form.
Note: Browsers with 1024*768 or higher resolution are suggested for this site.
Registration Number: 20100000002731