Dr Helen Zhang of the University of Cambridge and author of the book "Think More Like Chinese" and Darren Fooks, lawyer who has worked on cross border and cross culture business investment for the last year 20 years, take you through their learnings of how to do successfully business with the Chinese culture.

Visit us at www.likechinese.co.uk

From buying groceries from the corner store through to mergers and acquisitions of major corporations, western society is based on the concept of contract law.  You and I agree on terms or how we are to act in relation to each other in the future and if one of us does not follow the terms of the bargain, the other can take litigation or other steps to enforce the arrangement.  So how to you work with your business associates and how to you create future business success, in a society that did not even have the concept of contract law until 1999 and even today, hardly has a court system to enforce the terms of deals?

Today we investigate how China has operated successfully for the last 3000 years without enforceable contracts, and how you can do business today with a culture that operates without the concept that a bargain is fixed and enforceable in the future.

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From your hosts at Dr Helen Zhang and Darren Fooks ...  Consider this:  China universities have more science and engineering graduates each year than the rest of the world combined.  China has the largest funds in the world devoted to R&D and new innovation commercialisation.  China has the 2nd highest number of patent applications each year and the 2nd highest number of internet unicorns (see, unicorns are real!) each year, after the USA.

Result:  If the development hubs of China like Guangzhou have not already surpassed Silicon Valley, how long will that take?  Newsweek thinks it's imminent.  We think it's already happened...

This week we investigate how Chinese Culture views the whole innovation process and China's different way of looking at IP Rights.  Think Galt's Philisopy developed by Ann Rynd in her magnum opus "Atlas Shrugged" and you are getting close - very close ...

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