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Quote by Zhang Xin

“No economy, no company, in fact no individual can develop its full potential today without embracing two fundamental trends - globalization and digitalization. They will dominate for quite some time to come.”

Quote by Zhang Xin

Author

Zhang Xin, born on August 24, 1965, is an outstanding business magnate. He has extensive experience and remarkable achievements in the business sector and is regarded as one of the leading figures in modern Chinese business. more

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“Country [China] needs to continue opening up and keep connecting. It needs to realize that the world has become one. The old concept of isolation, the idea that you can solve your problems on your own does not work anymore - neither in cultural, economic, nor political terms.”

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“Isolation means a lack of growth. I grew up in China at a time when the country was completely isolated. That era is over.”

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“Investors don't like uncertainty. The market is telling us that they need certainty, they need to see where the economy is heading. If the government is committed to continue the Open Door policy, they will need to come up with concrete policies and execution steps to increase confidence.”

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Author:Zhang Xin

“The question is not about whether it will work or not. It's how quickly we can pull it off. Structural change will happen. When economies grow, there comes a time when you cannot rely on investment alone. We had that. The return on investment is becoming less and less. So we have to change. The old model doesn't work anymore. It's a question of speed.”

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“Many years ago, we were only able to build boxes. Today, architects from all over the world are working with us - Zaha Hadid from London, Gerkan, Marg and Partner from Hamburg, Kengo Kuma from Japan. We brought design and digitalization from abroad to China.”

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Author:Zhang Xin

“When we started out, we were among the first. Beijing had no and Shanghai had very few large buildings. At that time, it was all about building, building, building - and then selling, selling, selling. We were working like a manufacturer. Soon, however, we realized that land was running out in Beijing and Shanghai. So we started keeping our buildings, and managing and renting them out. We became landowners. That was the second act.”

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Author:Zhang Xin

“China's economy became more complex. By now there is a large number of small- and medium-sized companies that work quite differently from big, state-owned enterprises. They don't follow any long-term business plan and don't rent office space for years to come. They start out and need an office right away, for a week, a month or half a year, and they want to be among other entrepreneurs like themselves.”

“Our tenants now are companies like Uber, the taxi service, Meituan.com, China's version of Groupon - and a large number of startups. These companies operate in a modern way, just like their customers: They go on the Internet, look for an offer and take it.”

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Author:Zhang Xin

“I went to a mixed school and I can't remember being bullied at school, ever. I was quite large, in those days. Usually, if you're going to be a bully, you'll pick on someone who is small. I didn't bully anybody, and I don't remember being bullied.”

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“China has consistently surprised us. When I returned from the United States many years ago, it was unimaginable that we would end up where we are now. What China has achieved defies all logic. I credit this to the hard work and enterprising spirit of the Chinese people.”

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Author:Zhang Xin