Zhang Xin

with Zhang Xin
in Business
on Wednesday, July 20, 2011 * * * * *

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Zhang Xin, CEO of SOHO China, the largest real estate developer in Beijing

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Keywords:
Asia
Beijing
SOHO
China
real estate

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  • Comments 22
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    1. tsgolden  08/30/2011 05:25 PM Report

      PS. Below is my message in a bottle in unedited form.

    2. tsgolden  08/30/2011 04:40 PM Report

      Dear Ms. Ziang Xin or to who it may concern,

      In summary, your interview with Mr. Charlie Rose was facinating. My name is Troy Golden. I was rasied in the streets of Brooklyn until the age 10 when my parents moved away from our roots to South Florida. I come frome modest modest blue collar family. I never witnessed either of my parents miss work, my father was a carpet layer and mother is a secretary. I am very proud of them along with my brother. I was the first in my family to graduate a major university, while my brother joined the workforce chasing the American dream my granfather fought for as a member of the flying tigers. At age 21 he bought his first business in 1997. I later joined him in 2003 knowing my father good not kick carpet anymore at the age of 55. I was able to establish a internet presece for my brother's distribution business from $0.00 in 2003 to 5.5 million this year. Quite an accomplishment, I know, sometimes it blows my mind. The profit margin is not great, but the flow is there. I was able in a regretcul manner to leave the family business on good terms with two years of salary. I want to see the world in the next year, but as eloquent and Inspiring as your interview with Mr. Charlie Rose went, it also frightened me. I would love to spend my own money and invest in your wonderful country as I have done mine. Your last statement in response to the Google Censorship. First, it was the only way to find you safely without going to China. Bill Gates is wrong, me being a businessman and computer engineer, but if a govement is powerful enough to cescOr a tool I used in the hopes to get this message to you than a government, rubbing the wrong hands, can censor computers; howevef wishful thinking your reference to Mr. Bill Gates was. This startled me to not want to invest and see for my own eyes the beautiful land you live on? Why would a goverment or country not want to advance its people; instead, a very powerful source decided not to share wealth. Isnt it more logical and self-rewarding to give than receive. Well, maybe in a perfect word right. Anyhow, is there anything I can do to help or is there anyway for you to help me? I would love to see your country giving the right circumstances and liberty or safety as my country provides. Sincerely, Troy Golden

    3. lindarden07  07/29/2011 05:33 AM Report

      SharkswithfrikingLazers 07/21/2011 03:21 PM Comment reported.

      Charming woman--glad she made the incredible journey to the show.

      Last week Tavis Smiley was in China and looked at an elite Chinese high school.

      Tavis gets into a lively exchange about America and China:

      http://video.pbs.org/video/2056067887/

      Professor Cornel West is there too.

      -----------------------------------------

      You will be amazed how many chinese learn how to speak english. and compare how many american middle school students know how to speak other languages.how many american students have been to China as you can see how many chinese students have been to the other side and learn about US first hand.

      the creativity, uniqueness chinese students wants to have have been emphasized in the us, maybe to the extreme that we see so many students can't do basic math.

      The radio host messed up between war and human rights. There are two different things. I have a hard time to understand him using Chinese human right issue to defend the cause of war. I would guess even if a european citizen mention this, the audit host will still feel bad about it. His patriotism overwhelmed his intelligence.

    4. laupan  07/23/2011 05:53 AM Report

      Hmmmm…intelligent, strong, coy, lovely….very lovely, achiever, witty, this is quite a lady. If I was the interviewer it would have been an hour and I would have sought more in-depth insight on her take for the future of China in the world. Charlie we need another interview with this lady.

    5. Chautari  07/22/2011 06:28 PM Report

      SharkswithfrikingLazers: www.virtuesproject.com

      This excellent program is in use all over North America and in many other countries. Check it out!

    6. Heresashovel_Canyoudigit  07/22/2011 02:18 PM Report

      A private chinese real estate developer, that is concerned about the architectural prowess of the private North amercian real estate developers. State capitalism, how i wish i could participate. I guess return on investment doesnt matter in china, easy money= architectural experimentation.

    7. JohnGelles  07/22/2011 08:43 AM Report

      The mere fact that the Chinese government controls prices (as we did in WW II) when markets cannot, is encouraging. The generational differences that see children ready to spend when their parents would have saved is also nice to hear: saving is a good habit but, over time, production is meant to be sold and that makes spending necessary (if it is not disassociated from production.

      When I was young I heard that the Chinese like to pay all their debts by the end of the year. I never followed up the idea or confirmed is as fact or theory. But it is obvious that a nation with unspent money is better than one with unpaid debt -- but these two "undone" things have to fit within a system of political economy that satisfies human needs and does not lead to folly and all the cruelties we are here to prevent.

      Interestingly, according to Wikipedia, this remarkable Chinese family is of the Baha'i faith. That is the universalist faith invented in Iran and persecuted there as without mercy (as heresy). Bahai's tend to be kind, hospitable, to want the best for all.

    8. JohnGelles  07/22/2011 08:04 AM Report

      The lady has intelligence, charm, energy and luck in astronomical quantities. In the short interview you never hear a word out of place. Charlie wants to reveal the content of her memory expressed in objective all-knowing journalistic style. She speaks plainly and to the point. The CR Show's spontaneous talk technique limits the audience to short replies and impossible to answer questions that wanted her to forecast a future no professional futurist could do.

      I went to Wikipedia for more. Here is a link.

      http://en.wikipedia.org/wiki/Zhang_Xin_(businesswoman)

      Hope it works.

      Her education in England and jobs with international banks and investment companies allowed her very gifted mind and observational talent to learn a lot at a rapid rate. She was, as she said, excited by avant-guarde architecture and, with her husband and their company (Soho developers) she has become the leading and richest lady real estate tycoon in Beijing. An enviable achievement by any standard -- but certainly in China where making money in new markets is the goal of government and all your neighbors.

      The lady is a celebrity and a star. It's like real success that Hollywood turns into stories.

      Charlie Rose would like to know how all this building, manufacturing and political maneuvering will work out in this century. So would we all. Will they (all of China) remain successful financially, politically, diplomatically and militarily? Will they turn green, democratic, and good for the mass of people who do the hardest work for the lowest wages?

      The Chinese educational system may be tough on children --lots to read and remember and very little that seems like play and tailored to the individual's need to be important with or without competitive advantages.

      The "China" I remember, The Good Earth with Louise Rainer, the Doolittle Raid planes landing in China to live another day, and my duty in 1946 taking Japanese civilians home to Japan, was not exactly China. Zhang Xin's China is real -- if very special. Seen through her eyes it is not threatening to world peace and prosperity -- just the opposite. That is the China the world needs. And we must hope the world is the place China wants to improve as much as we do. It won't be easy. But Soho Properties looks at the bright side, builds the brave new world, and hopes for the best.

    9. SharkswithfrikingLazers  07/22/2011 03:39 AM Report

      So the communist government stopped their real estate crash before it could happen?

      Remember Charlie your guest James Chanos who predicted that China would crash due to real estate http://www.charlierose.com/view/interview/10960? Perhaps he miscalculated the power of their communist government.

      Zhang told us the communists now limit the top price of real estate as well as limit the number of mortgages you can have to one apartment.

      This "bubble prevention" would be an interesting topic for a panel on your show. You have plenty of time since the popping of our real estate bubble may take another four or so years before the unemployed feel relief. You might bring Japan's popping real estate bubble into it too for another Asian perspective.

    10. SharkswithfrikingLazers  07/22/2011 03:25 AM Report

      She mentioned two weeks of virtue classes for the youth. Many juvenile detention facilities in the USA are full. Perhaps these virtue classes should also be exported to us?

    11. SharkswithfrikingLazers  07/22/2011 03:22 AM Report

      She says for Americans to come to China and work. This is contrary to the ANT phenomenon.

      Over-educated, underemployed and very numerous the Chinese phenomenon of 'human ants': great masses of Chinese white-collar workers looking for jobs.

      The population of 20-something graduates struggling to live on the cheap has been estimated by the state-run China Daily newspaper to reach about a million, with 10 percent in Beijing.

      Struggling college graduates who swarm out of their cramped accommodations and head to work in the urban sprawl each morning are reminiscent of worker insects in a colony. Not surprisingly, they are often referred to as China's ant tribe.

      Some 6.1 million students graduated last year, about half a million more than in 2008. Due to the glut of job seekers and the financial crisis, companies in popular cities such as Beijing have slashed monthly wages from between 50 to 100 percent to below 2,000 yuan in some cases, workers say.

      Recent graduates live eight to 10 in a flat in low-rise apartment buildings without heat or hot water.

      http://www.reuters.com/article/idUSTRE61H01220100218

      On average, college graduates don’t earn more than migrant workers. What is the biggest difference between ant-like college graduates and young migrant workers?

      A major factor that differentiates the ant tribe from migrant workers in big cities is a high-dependence on the internet and a strong willingness to make their voices heard by commentating on social issues online. Among the disadvantaged groups, it’s this particular characteristic that makes it possible for ants to really question the unfairness in society and to monitor government behavior.

      http://blogs.wsj.com/chinarealtime/2010/12/21/eight-questions-lian-si-author-of-ant-tribe/

    12. robdverity  07/21/2011 11:56 PM Report

      ?

    13. rainbow  07/21/2011 05:27 PM Report

      robd -- Only the confused one confused.

    14. robdverity  07/21/2011 04:37 PM Report

      Shark - Tavis did do a good job showing the inside of poor housing. Surprising they let it all out.

    15. rainbow  07/21/2011 03:39 PM Report

      This is a very objective interview about the current China situation. It is very refreshing because it is always so easy to judge based on some "Stories you heard from somewhere" instead of living observingly and objectively. Don't question her --- she lives in China and travels around the world. I think at least she knows more than those people who never even stepped out of the zip code zone

    16. SharkswithfrikingLazers  07/21/2011 03:21 PM Report

      Charming woman--glad she made the incredible journey to the show.

      Last week Tavis Smiley was in China and looked at an elite Chinese high school.

      Tavis gets into a lively exchange about America and China:

      http://video.pbs.org/video/2056067887/

      Professor Cornel West is there too.

    17. robdverity  07/21/2011 02:30 PM Report

      Even if her opinions were off base her candor and reflective thoughtfulness gave them a credence worth hearing. Not the perpetual media line. Refreshing.

    18. zhiqiangzhao  07/21/2011 01:00 PM Report

      bubblejj - Anyone can be ignorant at certain things. You couldn't really assume it's a lie. That's too strong a word. Based on my life experience, none of my comments or microblog has ever been censored and there are very strong critics of the government and it's policies on Weibo, because of which Weibo would well have been shut down if it were 2 years ago.

    19. bubblejj  07/21/2011 12:14 PM Report

      she's lying about the people can say whatever on the Chinese version of tweeter - Weibo. Weibo is trying to delete every sensitive tweet every second. Use your common sense and think about it, a country that censor so many foreign websites is suddenly allowing people to freely express themselves? I understand she's still doing business in China, she can't really say any truth. But lying right in front of Charlie's face? That's an insult!

    20. zhiqiangzhao  07/21/2011 11:52 AM Report

      Very informative and insightful. This is probably the first time for me to see a Charlie Rose show, thanks to the redirection from Xin's Microblog. I'd like to keep watching this show before go to bed as a habit.

    21. tjd_vail  07/21/2011 11:44 AM Report

      1.2 Billion Wild West will drive internet trends globally. I always think the Chinese Govt. is restricting our internet companies to control social behavior. I now see that it is not the Chinese Govt. but Chinese business that wants an upper hand in controlling social media, not for social control but for market share. Unfortunately for the US it is another type of tariff that we are too slow to comprehend.

    22. REMant  07/21/2011 11:11 AM Report

      I thought she provided a lot more realistic assessment of China than many, which in retrospect should not be surprising.