It is funny when experienced travelers make rookie mistakes. My second full day in Shanghai was very cold and windy. In the hectic run up to my trip this moron from Southern California did not pack an overcoat even though he owns three of them. Oh well, I will just have to brave the weather.
I have not adjusted to the local time. I started following up with contacts in New York at 3:30 am China time and made some valuable calls to our company advisors.
I am enjoying practicing my tourist Mandarin. I have started working in some basic greetings.
Hello “Nín hǎo.”
How are you? “Nĭ hăo ma?”
Nice to meet you “hěn-gāo-xīng-rèn-shí-nǐ.”
I am learning more every day although. The locals laugh at my pronunciation, so I tell them that I will get better. I remain so impressed with the people. They are great, polite and friendly.
China does not allow Gmail or YouTube services. But, it looks like the government may approve them shortly. Many people use a VPN (virtual private network) to get around restrictions and improve privacy.
Yesterday afternoon Greg and I visited the local underground knock-off flea market. It was amazing just to walk around and see everything from luggage to baby clothes and every “brand” you could imagine. This is the so-called “off label” China market. Learning to understand a new culture is very enlightening.
This is the second installment of my blog posts from my trips to Asia on behalf of Advanced Bifurcation Systems.
After the politeness and friendliness of people, the next most noteworthy thing is how incredible the infrastructure is in China. Every road I have seen in Shanghai is in perfect condition. Even traveling in the snow is surprisingly easy because of the condition of the roads.
Shanghai Pudong International Airport is beautiful and very well maintained. It made me think about the appearance of LAX and JFK in New York and what these airports communicate about China and the United States to international travelers. An airport is an important first impression to international travelers and China seems to be doing a much better job in that area. Customs was crowded but fast and polite and I cannot say the same of my many experiences at LAX.
My hotel room overlooks the Huangpu River and this morning there was a parade of boats carrying coal that went on for hours. I could only think how the last U.S. administration destroyed the domestic coal industry and the potential for U.S. exports to international market that could provide hundreds of American jobs.
This morning I was reading about Beijing, whose population is 22 million. I am very excited to do business in China. Tomorrow I have meetings for ABS with 7 institutional funds and am looking very forward to these meetings. Healthcare is a huge topic in China and ABS could be a major player in this country. The last week in March, I will attend the China Health conference and I am meeting with the largest hospital group.
The food here is awesome and people cannot do enough for you. Travel can be rewarding but also draining so the people you meet play a key role in your comfort. I will write more tomorrow, and I will sign off in Mandarin
Today I flew to Shanghai for a series of meetings across Asia. Heart disease in its many forms is one of our top global health challenges, killing over 17M people every year. So, there is tremendous interest in the ABS platform.
The United Airlines flight to Shanghai was excellent. Every traveler loves having an empty seat next to them, so you can imagine what a luxury it was to have that on such a long flight. It was a very good flight overall.
I arrived in China Saturday night local time and the people have been spectacular every step of the way. Everyone I have encountered has been extremely polite and friendly. Most of the people I have met speak English. I have been working to learn Mandarin and practicing a new language is a lot easier when people are patient with you and speak your language.
I am Staying at the Hyatt on the Bund and the hotel staff are the best I have ever experienced. Every trip has its small hiccups and my first one was transportation from the airport to the hotel. The Hyatt planned to send a car to the airport to get me, but the car did not show up. The airport was very busy, but a very friendly lady arranged a cab for me. The driver was good but spoke no English and my Mandarin is not strong enough, so we communicated via sign language that would have been funny to watch. The cab cost 650 Yuan which is $102.92 USD.
When I checked in I told the hotel desk that car did not meet me. They were very polite and sincerely embarrassed. I told them it was just a mistake and dropped it at that. It is important to give feedback to companies you do business with. How they take that feedback tells you a lot. While unpacking in my room there was a knock on my door. Sunbeen Wang, the hotel manager, personally came to apologize for the car. She bowed and told me they were very sorry and then she gave me 700 CNY for their mistake. I was shocked and know that would never happen in the States. So, they actually paid for the taxi ride. Just unbelievable. It is a great reminder of the importance of focusing on the customer as a person.
Harvard Business Review did an article on How to Persuade the Young and the Healthy to Buy Medical Insurance. This seemed to strike a conversation among some of us in the healthcare industry.
Not having coverage is fine if you never leave your house. However, the cost of a catastrophic event could destroy a young person from a financial viewpoint. In turn, could have a major impact on their credit.
The cost of insurance for a young healthy person, who does not have coverage from their employer is very important and worth the cost. Employers will many times pay for part of the cost. If not, then this is a question every young employee should ask their employer. They need to find out the correct answer.
I am really looking forward to my trip to San Francisco to attend the Biotech Showcase 2018 convention. This event is well received as a strategic benchmark that is of high importance. The conference will have over 334 billion dollars in capital represented from investors.
The attention this convention gets is huge. Ranging from executives of leading biotech companies to big pharmaceutical companies and big industry experts.
This conference is one of the years most important for investors. People from all over the world will be in attendance. Last year there were over 1,800 companies, over 3,000 people and over 900 investors. That is the sign of a great turnout and the importance of this conference.
An article contributed by Chunka Mui for Forbes focuses on the subject of baby boomers and healthcare. The numbers stated in this article are staggering.
The medical needs of baby boomers that are affected by diabetes, high blood pressure and chronic illnesses are increasing. Therefore, the money paid by this generation for insurances and other costs are increasing.
Also, the article discusses how the medical staff in general won’t be strong enough to fulfill the baby boomer needs. The system is going to be inundated, and bankruptcy for individuals and our nation could result, Mui states.
This article is a good article, I do think it comes down to personal responsibility. We are largely responsible of whether we are sick or healthy. Keeping up on diet and exercise, is important since weight control is one of the underlying issues for being and staying healthy.
Self-awareness will help baby boomers stay on top of their medical needs. Knowing what we are doing and when we are doing it. Responsibility of our own person, will make a difference.
I was happy to have had an interview with IdeaMencsh. The experience was fun and the interviewer super nice and did their research.
IdeaMensch is a website for interviews on all kinds of people. The site also offers content useful for people who are starting out with a job or starting a new business. The interviews are very encouraging and inspirational.
IdeaMensch posts interviews daily so their content is always updating.