A Quote by 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.
When we first started our internet company, 'China Pages', in 1995, and we were just making home pages for a lot of Chinese companies. We went to the big owners, the big companies, and they didn't want to do it. We go to state-owned companies, and they didn't want to do it. Only the small and medium companies really want to do it.
What you need if you want jobs are small and medium sized enterprises, local initiatives, labour intensive work, community development, service providers and the like.
Hillary Clinton is getting a little bit of controversy because she has the most expensive hometown office rent - over $500,000 a year. She's in a one-year lease in the office, as opposed to her marriage, which is on a month-to-month.
The companies sending Alabama-made products to markets across the world are not just large, multinational companies, but also small and medium-sized companies located in communities across the state.
We should change the current economic system dominated by big business groups to a one where small and medium-sized enterprises develop together.
Obviously we don't have 300 million people. We haven't got a big army. We don't have Hollywood. We're a medium small-sized country. We have to do what medium small-sized countries do, which-even though we're not smarter than other people-is to make ourselves seem to be smarter. We have to work harder and know more than other people.
From a business perspective, we are trying to propose some suggestions to the government. Not only to benefit Fosun, but to benefit all private enterprises, especially proposals to help small to medium-sized companies.
As you probably know, half of the people who work in this country work for small businesses. And it's more than that, because two out of every three net new jobs come from small business. So we mean it when we talk about small business being the engine for the economy.
On the Internet, companies are scale businesses, characterized by high fixed costs and relatively low variable costs. You can be two sizes: You can be big, or you can be small. It's very hard to be medium. A lot of medium-sized companies had the financing rug pulled out from under them before they could get big.
The fastest way to get kicked out of a venture capitalist's office is to say that you want to build a business that grows steadily, focuses on employees, and creates wealth over the long term. Entrepreneurs with such ambitions are considered pariahs.
But it is a worry that there have been so many delays in the reform of China's state-owned enterprises. We all know that private companies are run more efficiently than state ones. These reforms are very much anticipated for the potential dynamism they could create.
I talked with people starting up in the middle of the recession and employees, and supplies and office space were cheap. As far as companies that are already in existence, many became more creative with how they spent their money. A lot of them stopped wasting money that they didn't know they were wasting after they looked hard at their businesses. Some had to change business models because of the economy. Their market didn't exist or wasn't as big anymore.
I did something rather innovative that my competitors didn't like: I took out a full-page advertisement in the Yellow Pages that listed an office on the east side of Cincinnati, and another office on the west side, while every other heating/air-conditioning company had only one location and one phone number. I was the citywide company. In fact, our 'westside office' was just an answering service taking telephone message. From the start we appeared to be a big company.
Alibaba spends money on improving the products and services, not on kickbacks. That's a good thing. It's called a value system, and because of that, we get more and more small- to medium-sized companies to support us in China.
Every office interprets business casual differently. Feel out your office!
Boeing, LockMart, and hundreds of other companies, large and small, work in the space business, and they also create new techniques and technology; but they'd be nowhere if NASA and the Department of Defense hadn't shown the way by funding the first big rockets and satellites.
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