America’s China misconceptions are costing its advantage in the US China competition. China is taking over due to our own ignorance and misjudgment. Since China joined the WTO, American private and public sectors set their China strategies and policies based on these misconceptions. The West must understand that the prevailing, dominant way of doing business in China is the CCP's way, which is against the traditional Chinese culture. The Chinese tactics taking advantage of our misconception are working in their favor, gradually corrupting American society. Lei explores two case studies: JP Morgan Chase and George H.W. Bush. <br />0:00 Misunderstanding China & Chinese culture<br />4:00 JP Morgan Chase example<br />5:41 George H.W. Bush example<br /><br />References:<br />http://www.standoffattiananmen.com/2012/06/document-of-1989-president-bushs-secret.html<br />https://www.forbes.com/sites/antoinegara/2016/11/17/jpmorgan-agrees-to-pay-264-million-fine-for-sons-and-daughters-hiring-program-in-china/?sh=3b723b695688<br />******************<br />We discuss world economy, history, and politics. Our main focus is U.S.-China relations. We make short videos and tell you the hidden stories.<br />******************<br /> Subscribe for updates: https://www.youtube.com/c/LeisRealTalk<br />******************<br /> Make sure to share this video with your friends!<br />Follow us on our Website: https://leisrealtalk.com/<br />Follow us on Twitter: https://twitter.com/LeisRealTalk<br />Follow us on Facebook: https://www.facebook.com/leisrealtalk<br />******************<br />MORE VIDEOS: <br /><br />Why Taiwan Semiconductor drives US Korea Japan China relations<br />https://www.youtube.com/watch?v=jWV5DCBd9Kg<br /><br />What Chinese companies went public in the US stock market amid US China competition?<br />https://www.youtube.com/watch?v=ek0lh-8CGMU<br /><br />Be amazed: the causes for the declining Chinese population and birth rates are hilarious but sad.<br />https://www.youtube.com/watch?v=9hFa4Bqa964<br /><br />How brands battle Chinese copycats, knockoffs, and trademark squatters:<br />https://www.youtube.com/watch?v=kGvMEYFPSGI<br /><br />Xi Jinping's 4 fears<br />https://youtu.be/edVtp0xzkr4<br /><br />Neocolonialism & Belt Road agenda disclosed by the Chinese professor: https://youtu.be/UjY8LDGlwxE<br /><br />Chinese knockoffs explained: Why Chinese are copycats?<br />https://youtu.be/kwA6ACulqsw<br /><br />H&M in trouble? In-depth look at the Chinese boycott of Nike, Adidas over xinjiang cotton.<br />https://youtu.be/A0SYoiPf4KM<br /><br />Elon Musk’s rise and fall. Is Tesla in trouble in China? His Chinese made Tesla cars may cost him.<br />https://youtu.be/bQU3m9gHrXg<br /><br />Doing business in China: Jack Ma’s trouble & Elon Musk’s bad news.<br />https://youtu.be/Up_rbq_DpeM<br /><br />China losing young people? Chinese growing old? The loss of Chinese labor force will cost China.<br />https://youtu.be/J0NRmw84nVc<br /><br />The China 5 year chip plan? The reality of Chinese chip industry and the China chip problem.<br />https://youtu.be/OK3XCob8D-s<br /><br />US - China | The Secretive China Semiconductor Industry Strategies<br />https://youtu.be/-uLYytuazWk<br /><br />
