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Monday, May 4, 2009
Canary in a Chinese coalmine?
Interesting piece from the Times today about how American media companies are moving away from doing business in China because of the slowness of its bureaucracy, piracy concerns, etc.
And where are they turning for a new Asian market? Why, India, of course. Isn’t it always easier to do business in a democratic, open society — especially when the exchange of ideas and information is your business, as in the case at hand?
Note that this does not mean a diminishment of Chinese interest in U.S. media culture and products. If anything, apparently, Chinese consumers are as interested as ever in what we produce. It’s just that the companies involved don’t think slaking that thirst is worth their while.
The reason this caught my attention, though, was that I wondered if this is a sign of things to come … one of those stories that is ahead of a larger trend. If AOL moves from China to India, who might be next?
Anyway, have a look at the story and see what you think….
