impact on the international stage also. So Guanghua is one of the first places that comes to mind when foreign students and academics think about business education.”
Cai, who also sits on the boards of China Unicom and China Everbright Bank, believes the current debate as to whether there is now a new form of management thinking that is distinctly Chinese is overstated.
“There is this debate as to the Western and Chinese models of doing business, but I think the reality is that there are a lot of common principles in business you simply copy what you do in one country in another would be too naive and unlikely to succeed.”
Despite being against attempts to achieve a particular growth target at all costs, he is not opposed to some of the recent stimulus measures taken by the government, which he said have been in response to weak aggregate demand.
He said part of the problem was the tight macroeconomic policies followed in the three years up to 2014.
“I think part of the reason we