Change – the only constant, at least in China

Karine Hirn's picture
By: Karine Hirn
2010-09-06 | (Comments)

I participated yesterday in a seminar focusing on the theme of “Change – the Only Constant” in the Swedish pavilion of the World Expo, invited by Eastwei Relations, the leading local strategic PR consultancy that was founded by our newly appointed advisor for China, Johan Björkstén.

It was indeed a remarkable way to conclude my first week in Shanghai that has been full of impressions and discoveries, in a tropical summer heat that my fifteen years in Sweden had not prepared me for, specially not the typhoon warning that closed down all the schools of the city on the first day of the school year (but we got no typhoon by the way).

 
The Swedish pavilion
 
  Third attempt to get a Chinese mobile phone number
 

Most of these new impressions are indeed related not to how China is today as such, but how fast it seems to be changing. I guess it is also related to the gap there is between the European perception of China and what you find out once you get here. The pace of changes is not homogeneous; for instance there are 420 million Internet users and as far as I have been able to experience it is a very good Internet infrastructure, but the mobile coverage even in the center of Shanghai is not reliable. Another example that stroke me was the quality of the design and the huge variety of furniture we could see in a shopping mall versus the noisy merchandising display show for detergents in another shopping mall.

The World Expo site itself is of course very impressive because of the size of its area, the creativity exhibited by many countries in designing their pavilion as well as the number of visitors. Chinese people are clearly the primary target audience and it is a perfect occasion for them to take a trip around the world visiting what each country has decided to showcase and highlight. Personally I could only visit the Swedish pavilion and look forward to going back, with a special interest of course to visit the Eastern European countries' pavilions!

Tags: China, world expo

About this blog

A long-term perspective and local presence are key to East Capital’s investment philosophy. Making 1,200 company visits and meetings every year in the region teaches us more about the markets than all indices ever could. This blog aims to share our experience of investing in Eastern Europe & China in an informative and insightful manner.

Blog policy

East Capital’s blog is intended for interaction between users of the website and East Capital representatives. It is important to note that comments by East Capital representatives do not necessarily represent the official position of East Capital. Under no circumstance shall the comments on the blog be construed as investment advice, and East Capital is in no way liable for any damage or loss any person has suffered due to reliance on such comments.

While East Capital does not control the comments posted by users, East Capital reserves the right to refuse, delay, delete, move or edit any comment on the blog. East Capital does not accept any comments that are abusive, threatening or offensive. Further, no comments should be posted by users that are unrelated to the blog topic, contains advertising, promotion, or illegal material, or where posting of a comment may constitute a breach of law (such as, but not limited to, insider and market manipulation regulations or infringement of intellectual property rights).

By posting a comment on the blog you are granting East Capital a right to use the comment, in whole or in part, in its marketing or otherwise, without compensating you.

If you believe that a comment has been published in breach of our policy for acceptable blog posts, please notify us at: blog [at] eastcapital [dot] com

Our bloggers

  • Karine Hirn's picture

    Founding partner and Chief Representative, Shanghai office. Karine blogs about East Capital, its investment products and gives direct reports from Shanghai.

  • Marcus Svedberg's picture

    As East Capital's Chief Economist Marcus will focus on macro-economic issues, market events, research and political issues affecting the region.

  • Vesna Lucca's picture

    As Head of Communications Vesna will focus on East Capital's business as well as the latest media topics.

  • Kristina Sandklef's picture

    Kristina, Macro Economist Asia, will share her experience and report trends and issues within politics and economics affecting China.

Subscribe to blog posts

Enter your email address:

Login