No economy, no company, in fact no individual can develop its full potential today without embracing two fundamental trends - globalization and digitalization. They will dominate for quite some time to come.
Zhang XinMark Zuckerberg recently announced that he will donate $45 billion of his wealth to philanthropy. Two years ago, my husband and I decided to endow $100 million to set up the SOHO China Scholars. This program will give financial aid to Chinese students so they can attend the best universities in the world.
Zhang XinOn the one hand the world is getting more integrated and we should not dismiss social values as "Western" when they are actually modern values. On the other hand, individual countries have their own history and their own evolution. Trade unions, for example, don't play the same role in China as they do in Europe or the US.
Zhang XinGrowth will be slower, no one denies that. But the question is: Where are the chances and opportunities now? I see some positive and some negative trends.
Zhang XinIsolation means a lack of growth. I grew up in China at a time when the country was completely isolated. That era is over.
Zhang XinI think our legal system needs to be developed. Cases of citizens who are detained and then have to wait much too long for a trial - that is scary, for everyone. When someone commits a crime he needs to be charged quickly. Why does this take so long in many cases? I don't know. Is it because our legal system is still rudimentary? China has promised to modernize its legal system. This has high priority.
Zhang Xin