telecom - The why's of China Mobile's international debacle

The International Herald Tribune chews over the latest failure by Chinese companies to close a high end international acquisition.

"We are talking about a culture of doing business that has been learned over many centuries," said Jay Berry, a professor of business studies in China at Jilin University-Lambton College and a former McKinsey consultant.
Chinese companies are "absolutely" slower than their foreign counterparts to do deals, Berry said. "They are much absorbed by internal problems, tied to the wrong products, fragmented, unprofitable, uncompetitive, highly political and drowning in debt," he said.

Not that much new things, but always nice to get a decent overview.