Global Business Leadership

China is no longer as easy a place to do business as in the past. It is no longer a nudge, nudge, wink, wink, environment where the Chinese government ignores bad practices.

As the G-20 summit begins in London, I hope rhetoric is reminiscent of President Teddy Roosevelt who opened frontiers and created an awareness of our environment.

A housing bubble will burst in some cities in China. It will not be due to predatory or sub-prime lending as in the U.S. It will happen due to the law of supply and demand.