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The 60th anniversary of the PRC

I still have my Deng Xiao Ping commemorative pocket watch celebrating the 50th anniversary. I remember I bought it in Beijing the day my lovely wife and I found out she was going to have our first child. A blessing she used later that evening to get out of a drinking contest she’d accidentally started by saying “gan bei“, literally “dry glass” or bottoms up, to one of our friends without understanding the full reciprocal connotations of the toast. The ensuing row over violated etiquette, amped up by her joyous announcement, meant that the celebratory burden fell on me. Fell rather hard as I remember. Nothing like being lost in Beijing at 3 AM, hammered on tequila and baijiu in the dead of winter. Again, guys, appreciate you leaving me like that. No hard feelings, really. 10 years later and I’ve almost moved on. Thankfully, my wizened little guardian angel in the Mao hat helped me flag a cab – the coal smoke was so bad, visibility was maybe 100 ft, not ideal cab-flagging conditions – and so my daughter has her daddy around today to tell her to stay in school and avoid such ludicrous situations.

There will be many, many, many, many articles written about this historic event. The transformation of the People’s Republic over the last 30 years has been particularly extraordinary; indeed it is unprecedented in human history. 30 years ago the GDP of the PRC ranked it as one of the poorest countries in the world. In the last 30 years, the PRC has industrialized and urbanized with astonishing speed. Roughly the population of South America moved from the countryside into brand new cities all over the country. Shenzhen, our corporate hometown, has grown from a fishing village to a city of 14 million souls.

I am not a panda-hugger, nor am I am dragon-slayer. People are people the world over. I became fascinated with Asia in general and China in particular nearly 20 years ago, because such change and dynamism is…fascinating. How could you not be amazed by so many people rousing themselves after centuries of enforced slumber?

Napoleon wrote, “when China wakes up the world will tremble”. I have certainly seen and felt the earth move during my lifetime, and was lucky enough to guess early on which way the ground was shifting. Mike Bellamy and I went to Asia at the same time; he to Japan, I went to Singapore. But from those separate vantage points we both saw the same thing and acted on that new-found knowledge.

China is here to stay. It is not anti-American or pro-Chinese to say so. PassageMaker’s goal is to help foreign companies successfully do business in China. Let us show you how we can make your project a success.

China’s Fuzzy Math…Who do you trust?

China’s growth figures fail to add up” says the headline. And the sky is blue, you say?

“China’s gross domestic product figures are among the world’s most closely watched since they can move markets or boost hopes of an imminent recovery.

But the latest set of first-half numbers provided by provincial-level authorities are far higher than the central government’s national figure, raising fresh questions about the accuracy of statistics in the world’s most populous nation.”

China has made great strides (herculean is a better word) over the past three decades catching up to the rest of the world, but its statistical reporting, shall we say…lags. Just a bit. The USA’s is laughable at times as well, so I am not picking on the Chinese.

So what does one do when you can’t trust the official numbers from the Chinese provinces? The same thing you do when you are skeptical of numbers posted in other countries (did I mention the USA “unemployment rate”?). You go and have a look for yourself; you do your own research; you dig around for the truth. But what with the cost and indignities of international travel, how much better to have an “office” in China to do such looking and watching for you. That is precisely why PassageMaker developed the idea of the Sourcing Feasibility Study. If you could trust everything you read on a sourcing website, getting your products made in China would be a snap. But of course just as the “official” numbers are rarely accurate the first time out, you have about an equal chance of finding a fully qualified vendor on a typical sourcing website as you do finding true love on an internet dating site. And are you gullible enough to give your credit card number and banking information to that lovely lady you just met online? Think before answering…

Excellence is the consistent execution of a good plan. PassageMaker’s Sourcing Feasibility Study allows you to see a range of qualified vendors, not just somebody’s cousin’s stamping factory or their best friend from high school’s plastics shop. In this way, we help you establish the true “China price” from solid supply chain partners, without hidden mark-ups. By controlling which vendors see your design, we protect your IP, and by acting as a “Quality Gate” we make sure you only pay for good product.

Combining PassageMaker’s services with those of our friends at China Quality Focus (factory audits) and GloBIS (financial due diligence), and you can get a very clear picture of your Chinese supply chain.

Our motto is TRUST & TRANSPARENCY, so you know you can count on our figures!

China’s Fuzzy Math…Who do you trust?

China’s growth figures fail to add up” says the headline. And the sky is blue, you say?

“China’s gross domestic product figures are among the world’s most closely watched since they can move markets or boost hopes of an imminent recovery.

But the latest set of first-half numbers provided by provincial-level authorities are far higher than the central government’s national figure, raising fresh questions about the accuracy of statistics in the world’s most populous nation.”

China has made great strides (herculean is a better word) over the past three decades catching up to the rest of the world, but its statistical reporting, shall we say…lags. Just a bit. The USA’s is laughable at times as well, so I am not picking on the Chinese.

So what does one do when you can’t trust the official numbers from the Chinese provinces? The same thing you do when you are skeptical of numbers posted in other countries (did I mention the USA “unemployment rate”?). You go and have a look for yourself; you do your own research; you dig around for the truth. But what with the cost and indignities of international travel, how much better to have an “office” in China to do such looking and watching for you. That is precisely why PassageMaker developed the idea of the Sourcing Feasibility Study. If you could trust everything you read on a sourcing website, getting your products made in China would be a snap. But of course just as the “official” numbers are rarely accurate the first time out, you have about an equal chance of finding a fully qualified vendor on a typical sourcing website as you do finding true love on an internet dating site. And are you gullible enough to give your credit card number and banking information to that lovely lady you just met online? Think before answering…

Excellence is the consistent execution of a good plan. PassageMaker’s Sourcing Feasibility Study allows you to see a range of qualified vendors, not just somebody’s cousin’s stamping factory or their best friend from high school’s plastics shop. In this way, we help you establish the true “China price” from solid supply chain partners, without hidden mark-ups. By controlling which vendors see your design, we protect your IP, and by acting as a “Quality Gate” we make sure you only pay for good product.

Combining PassageMaker’s services with those of our friends at China Quality Focus (factory audits) and GloBIS (financial due diligence), and you can get a very clear picture of your Chinese supply chain.

Our motto is TRUST & TRANSPARENCY, so you know you can count on our figures!