Yes, they did this with the new Japanese and Korean competition as well in the past. It will make them stronger.
“The Chinese proceed in a very planned way … and have clear priorities - it is structured in an optimal way,” Blume told Bild am Sonntag. “What we experience very positively in China is a high level of discipline and willingness to execute,” he said. “It is worth looking beyond our own backyard … we can learn a great deal from how the country has developed.”
Yup, stability and predictability is great for business.
Couldn’t we do it with a concept of a plan maybe?
Actually planning ahead, is sooo boring.
/s.On a more serious note, the discipline thing is a big nono, we don’t do discipline in Europe. And definitely not like they do in China.
In Europe we do more critical thinking, which prevent continuing flawed routines for prolonged periods of time.
A Chinese worker will follow instructions to the letter, no matter how idiotic they are.
In Europe we tend more to adjust as necessary. To make things actually work.When Japan was rising, there was much admiration for their process too, but in the end, the European process turned out to be better in the long run.
I bet it’s not so much different with China.
The success of China was built on low wages and long work hours.
China will adopt to us, not the other way around.I don’t know enough about Western Europe but the North American model prior to the neolib era was also significantly more planned than today. Government-run industries, long-term government funding for industrial development was standard affair. Canada used to run rail, telecom, airlines, media, fossil fuel extraction, housing construction, etc. We didn’t go full-Thatcher like the UK, so there’s still many gov’t corps that remain till present day but most of the aforementioned got privatized. Through those corps, gov’t gave stability and consistency in services and prices for any private firms that used them, beyond the election cycle.
I’m assuming the VW guy is talking about political discipline.
China’s government has the authoritarian privilege of being able to plan way ahead.
Western democracies find harder to achieve similar results as election cycles privilege short term planning.
Thus Germany lacking Chinese discipline.
Yes this is what VW’s talking about. Planning 5-15 years ahead, allocating macro resources to support those plans and letting the markets figure out the details of novel as well as non-essential fields.
China has spent time copying Western products and learning a great deal. Now we are copying them because they can develop faster, cheeper, high quality products. It will take some effort and courage for European companies to pick up the pace and stay relevant.
