SAS Virtual Fridays - China’s Never Normal - Pascal Coppens

Title: SAS Virtual Fridays - China’s Never Normal Website: CONTENT In this video I explain how China is more apt to deal with the Never Normal because of how they thrive in an environment that is always changing. Chinese companies have created a new DNA for a long time to survive in the New Normal, and companies in the West will have to start looking at China differently to stay relevant. TRANSCRIPT China’s never normal 2500 years ago, the Chinese philosopher. Lao Tzu said very clearly that if you do not change direction, you may end up exactly where you’re heading. And in a country where the only constant is change, that is not a good strategy. Over the past 30 years, China has taken 750 million people out of extreme poverty, and all of these people went to the cities like Shanghai and Shenzhen to build these megacities of 20, 30 million people that basically have changed China completely. But the biggest change came in 2015, when Xi Jinping said in 10 years from now, 2030,