Wharton Global Conversations Los Angeles
Wharton Dean Geoffrey Garrett speaks in Los Angeles with Bobby Turner W84, principal and CEO of Turner Impact Capital LLC. The Penn Wharton China Center in Beijing is the center of this discussion, as is China’s changing role in the global market. Garrett cites Apple and GM as two primary examples of businesses that have had to rethink their relationship with the country, becoming an unanticipated primary market for their goods.
Foreign investment is also below ideal levels and creates a gap in market understanding, according to Garrett. He believes that the Chinese private sector is much stronger than recent stock market worries would represent, creating significant opportunity for business growth. Wharton graduates must have a global understanding in order to capitalize on these changes.