#Pandemic: How the virus is changing business in China – Marcus Lu

USC IBEAR Business Class

The #Covid-19 virus is changing accepted business norms around the globe. In this episode of Business Class, we spoke with #MarcusLu as he sheltered-in-place at his home in #China. With deep insight into business in China, Marcus described how the virus is changing long accepted patterns of how business is conducted. “We realize and are starting to accept the fact that doing business can be easier,” he noted, while saying that, for the first time, important business meetings are being conducted virtually. In an interview with Dick Drobnick, Director of the #USC #IBEARMBA program, Marcus takes us through how he initially learned about the crisis coming out of Wuhan. We hear the firsthand story of lockdown in China, with grocery stores cleaned out in hours of panic buying. We also hear how the country adapted and local governments quickly adjusted to make sure goods and services were available. Looking at the big picture, he explained that GDP growth in 2020 is probably out of the question and to have the economy not shrink in 2020 would be a major success. Marcus Lu is a 2003 graduate of the USC IBEAR MBA Program. He is the former Head of Commodities for #Mercuria and is now pursuing entrepreneurial projects in the energy sector. Interviewed by Dick Drobnick via the web on April 15, 2020.