education - Lack of qualified managers restraints growth

The lack of qualified managers in China keeps the French company Danone from growing in the way it wants, says China chairman Qin Peng today in the Wall Street Journal.
"In its cookies business, the company is expanding from its base in east China around Shanghai to focus on north China, which includes Beijing, nearby Tianjin and surrounding Hebei province," writes the WSJ. "Mr. Qin said a dearth of qualified managers was a key constraint to growth, explaining why Danone hasn't been more active in wealthy Guangdong province. "We are facing a challenge that most companies face. Quite frankly, right now we don't have people of sufficient caliber" to expand at the pace the company would like, Mr. Qin said."