Pragmatism and Patience

Pragmatism and Patience

China’s Leadership Transition at the 18th Party Congress

Hamid Bilgari, Vice Chairman of Citicorp, the strategic arm of Citigroup, is a leader in international investment banking.

Bilgari says that pragmatism and patience are the dominant qualities exhibited by cultures facing major change, such as the leadership transition at the top of the Chinese Communist Party.

“Cultures that have existed for thousands of years, be they Chinese, or Indian or Persian or Egyptian, basically operate on a much different scale. They believe that history is on their side,” Bilgari says.

“There’s a deliberate pace to change, and an expectation of dramatic change is just unrealistic. The Chinese have been successful in taking advantage of the changes that have happened around them by focusing very specifically on their Five Year Plans over an extended period of time to dramatically grow over the last thirty years.”

Hamid Biglari is Vice Chairman of Citicorp, the strategic arm of Citigroup. Dr. Biglari has held a number of senior roles within the organization, including Chief Operating Officer of Citigroup’s...

To read the transcript of this interview, visit the Asia Society .





A New Book Praises China’s Governance Model, But Overlooks Its Politics

Thomas Kellogg
On August 12, China once again met with man-made tragedy. Massive explosions at a chemical storage warehouse in Tianjin took the lives of 173 people and injured nearly 700, some of them seriously. The owner of the warehouse that blew up, Rui Hai...



Flying Tiger: Why I Turned Down an Invitation to China’s Victory Parade

Jack Edelman
I was invited to attend the celebration of the 70th anniversary of the victory of the World Anti-fascist War and the Chinese People’s Anti-Japanese war this September, as a guest of a government that wanted me to represent friendship with the U.S...



The U.S. Was the True Mainstay in the Fight Against Japan in World War II

Han Lianchao
“When the Chinese people and the Chinese nation were in peril, the United States came to the rescue and asked for nothing in return. The U.S. never occupied a single inch of Chinese territory, never reaped any particular reward.”IAt 9:00 a.m. on...



Here’s What’s Wrong With Most Commentary on the Beijing 2022 Olympics

Taisu Zhang, Paul H. Haagen
Upon hearing that Beijing would be hosting the 2022 Winter Olympics, we wondered what the Chinese government was thinking. The decision seemed counterintuitive, to say the least: For one thing, it barely snows in Beijing, or even in Zhangjiakou, the...



Making Sense of China’s Market Mess

Arthur R. Kroeber
Nearly two years ago China’s Communist Party released a major economic reform blueprint, whose signature phrase was that market forces would be given a “decisive role” in resource allocation. That Third Plenum Decision and other policy...



U.S. Should Make More Public Statements About China’s Human Rights

Sophie Richardson
When China’s leader Xi Jinping comes to the United States for his first state visit in September, will U.S. leaders use the summit to address the country’s deteriorating human rights conditions?Not if the U.S. performance at June’s Strategic and...



Why I Publish in China

Peter Hessler
A couple of weeks ago, I received a request from a New York Times reporter to talk about publishing in China. The topic has been in the news lately, with the BookExpo in New York, where Chinese publishers were the guests of honor. In May, the PEN...



Hong Kong’s Not That Special, And Beijing Should Stop Saying It Is

Alvin Y.H. Cheung
As political wrangling in Hong Kong continues over changes to how the city’s chief executive will be selected in 2017, Beijing marks the 25th anniversary of the promulgation of the Hong Kong Basic Law—the Special Administrative Region’s...



China’s Leftists Are Embracing Confucius. Why?

Taisu Zhang
When Jennifer Pan and Yiqing Xu posted their new paper, “China’s Ideological Spectrum,” last week, it marked the first time that anyone has provided large-scale empirical data on the ideological shifts and trends within the Chinese population. China...



Will China’s New Anti-Terrorism Law Mean the End of Privacy?

Scott D. Livingston
A newly drafted Chinese anti-terrorism law, if enacted in its current form, will empower Beijing to expand its already nearly unchecked policing of the Internet to reach web traffic and other online data flows emanating from both domestic and...