![Page 1: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/1.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
China Trek Beijing Shanghai
December 19th to 24th
![Page 2: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/2.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
![Page 3: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/3.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
Details of the China Trek
• December 19th to 24th (tentative) • Shanghai and Beijing• Focus:
– Consulting– MNC– PE/VC
• Estimated cost $1,500 to $2,000 includes:– Airfare– Hotel & Transportation– Food
Companies to visit
In the process of contacting alums at:
MNC Consulting PE/VC
McKessonAir ProductsJ&JSC JohnsonHoneywellJA SolarYingli Energy
Bain ConsultingMcKinseyLEKArthur D. LittleAT Kearney
CXC CapitalEvolution Capital Advisory
The beginning of your first steps into China
![Page 4: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/4.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
Frequently Asked Questions
![Page 5: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/5.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
I am not Chinese, will it be impossible for me to do business in China?
• Not impossible.
• Difficult as with any foreign country.
• Long history of foreigners doing business in China.
![Page 6: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/6.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
What if I don't speak Chinese?
• Difficult, not impossible.
• English friendly environments common.
– English as written communications common.
– English fluency within MNCs is widespread.
• Wide variety of Chinese language studying options available.
![Page 7: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/7.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
Will it be hard to network and advance as a foreigner?
• Many opportunities for professional networking.• US Ivy League MBA education makes you interesting.
![Page 8: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/8.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
Will it be tough living in China as a foreigner?
![Page 9: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/9.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
I’m interested in investment banking, what about us?
2010From Seeking Alpha
2009From thestreet.com
• The biggest IPO ever is:• Surpassing the second biggest IPO:
Agricultural Bank of China ($19.2B)
Industrial and Commercial Bank of China ($19.1 B)
![Page 10: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/10.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
But what are the downsides?
• Possible large asset bubble, especially
in real estate and stocks.
• Widening income gap leading to social
instability.
• Political instability domestically and
internationally.
![Page 11: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/11.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
And the pollution…
• It’s pretty bad.
![Page 12: China trek faqs on living and working in china](https://reader034.vdocuments.site/reader034/viewer/2022051817/549328b6b4795914268b45c5/html5/thumbnails/12.jpg)
Samuel Curtis Johnson Graduate School of Management at Cornell University
Come to China