Understanding China, One Blog at a Time

An American in China

Chicoms and Business

Posted by w_thames_the_d on February 19, 2011


From “The Party” (Richard Mcgregor)
excerpt:
“The first time I met Zhang Ruimin, who heads Haier, China’s largest whitegoods manufacturer and one of the country’s best-known brands, I asked him what I thought was an obvious question. Zhang Ruimin was both chief executive of Haier and also secretary of the company’s Communist Party committee. How did he balance any possible conflict between the Party and private profit? Zhang dismissed the question out of hand. ‘I appointed myself party secretary of Haier, so I can’t have any conflicts with myself, can I?’ he replied.”

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