The Davos Summer Forum:  Annual Meeting of the New Champions is underway in the Binhai New Area, about an hour east of downtown Tianjin.  The event is hosting everyone from Russian President Dmitri Medvedev's Deputy Chief of Staff to Alibaba.com founder Jack Ma to Chinese Premier Wen Jiabao.

Chinese people wonder why milk products for the Olympics and foreign shelves are safe, but those widely sold in China were laced with melamine in this widely circulated email translated by Zhongnanhai.

After the SARS scandal was blown wide open, China’s leaders promised to do better in releasing important health information to the public.  Yet we find that Chinese authorities knew about the melamine in milk products weeks before the public was told. We also find out that the Shenzhen nightclub was operating for over a year without a license or single inspection. 

CMB wants a return on its investment; WLB, meanwhile, has to make its new owner global, which is far from simple. First and foremost, a foreign bank manager said, "CMB has to address the challenges of integrating cultures, technologies and management of the two parties."

I hope this is the lesson the West takes from China: To get things done, you need to set broad goals beyond the next election cycle and begin working to accomplish them.

In general terms, the Chinese seem to work together while we seem to work against each other. The competition out there is fierce and, in many ways, China has already surpassed us.