The father of modern China begged Henry Ford for help, and Ford turned him down

The father of modern China begged Henry Ford for help, and Ford turned him down

By Heather Timmons 3 hours ago

Have you created a new industrial system, lately?

The father of modern China once invited Henry Ford to China to create a “new industrial system,” to help the then-struggling country. Sun Yat-sen, who founded the Nationalist Party and helped to overthrow the ruling Qing dynasty, wrote a letter in 1924 asking Ford to visit South China, where “much of the intelligence, energy and wealth of this country can be found.”I know and I have read of your remarkable work in America. And I think that you can do similar work in China on a much vaster and more significant scale. In a sense it may be said that your work in America has been more individual and personal, whereas here in China you would have an opportunity to express and embody your­ mind and ideals in the enduring form of a new industrial system.

Without economic development, China was in danger of becoming the cause of the next world war, Sen added ominously, and it is “more or less hopeless to expect much” aid from the “Governments of the Powers,” a reference to the Allied powers that triumphed in World War I.

“There is much more to hope, in my opinion, from a dynamic worker like yourself, and this is why I invite you to visit us in South China, in order to study, at first hand, what is undoubtedly one of the greatest problems of the Twentieth Century,” Sen wrote.

Here is Sen’s full letter, which was given to journalists in Hong Kong on Sunday night by Ford Motors, whose chief executive Alan R. Mulally and David Schoch, president of Asia Pacific, are in town hoping to become an approved taxi cab supplier for the city. (Mullally, in case you’re wondering, wouldn’t comment on recent rumors he might leave the company to head Microsoft or Boeing beyond saying: “I’m very happy serving Ford.”)

Henry Ford somewhat curtly declined via his secretary. “Thank you for the kind invitation,” his response read, but “Mr. Ford has made no plans for visiting China in the very near future.”

China, of course, has gone on to dominate global manufacturing in part because of their reliance on the very assembly lines that were Ford’s brainchild, but not before suffering through decades of poverty, turmoil and famine in the nearly 90 years since Sen’s letter was sent. Ford, on the other hand, has badly lagged General Motors in developing its business in China. Had Henry Ford traveled to China to help organize the country’s industrialization in the 1920s, surely history would have been very different.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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