A business culture with Chinese characteristics

A business culture with Chinese characteristics
Despite the source, this article from the China Daily presents some interesting statistics on internet usage and the purported change in Chinese youth.

China is by far the biggest global market and has the world’s largest and most vibrant online community and, as much as anything, it is these sheer numbers that is driving this rush to embrace global business practices and management systems.
About 500 million Chinese citizens are online – that is a quarter of the world’s social network users and double the number of Internet users in the United States. As with most countries, China’s netizens are dominated by the younger generation – nearly 60 percent of 10-29 year olds are online while older demographic groups have been slower to adopt the Internet.
In line with the high rate of adoption of modern communications, and access to international best practice, China’s 1.3 billion people have more than 900 million mobile phones in operation, 350 million mobile Internet users and 300 million registered micro-blog users, most of them very active on Sina Weibo and its competitors. Sites like Sina Weibo, Youku and Renren ensure a vigorous social networking culture in the country.
China’s family planning policy, with a consequent focus on educational performance, which is at the heart of Chinese culture, has produced a generation of highly educated, highly motivated and extremely competitive professionals.
They expect flat hierarchies that give them a role in decision-making. This represents a challenge for traditional companies where there is a long-established pecking order and a corporate infrastructure that values seniority as much as individual prowess.

I doubt the conclusion, we won’t see many flat management or corporate hierarchies in Chinese culture anytime soon.
A business culture with Chinese characteristics