1 00:00:00,000 --> 00:00:08,000 Eileen Zhu is symbolic of China's renaissance. Her grandparents were peasant farmers and 2 00:00:08,000 --> 00:00:13,280 her grandfather joined Mao's revolutionary army. Just two generations later, Eileen lives 3 00:00:13,280 --> 00:00:16,840 a radically different life here in Shanghai. 4 00:00:16,840 --> 00:00:23,460 I think definitely the future will be really prospecting. For me, I think with my previous 5 00:00:23,460 --> 00:00:28,440 background in marketing and in media, I think in the future I can do more contribution to 6 00:00:28,440 --> 00:00:35,440 make it more international and make it more, how to say, independent. 7 00:00:35,720 --> 00:00:42,480 Eileen is an MBA student at CEIBS, the China-Europe International Business School. Founded in 8 00:00:42,480 --> 00:00:47,400 1994 as a joint venture between the European Commission and the Chinese government, the 9 00:00:47,400 --> 00:00:52,320 school successfully promotes China's integration into the world economy and wider links to 10 00:00:52,320 --> 00:00:53,640 Europe. 11 00:00:53,640 --> 00:01:00,440 The number of students we graduate every year is in the order of 650 to 670 at the moment. 12 00:01:00,440 --> 00:01:05,120 That is huge by any standard and very necessary and much appreciated by the market in China 13 00:01:05,120 --> 00:01:07,240 makes a big impact. 14 00:01:07,240 --> 00:01:12,680 Chinese graduates of CEIBS now form part of a rising middle class. But the wealth gap 15 00:01:12,680 --> 00:01:18,800 is increasing, as are regional imbalances. Growth will continue to underpin China's reform 16 00:01:18,800 --> 00:01:22,760 agenda, a reform that Europe continues to support. 17 00:01:22,760 --> 00:01:29,760 Our interests, our European interests, are better served by a stable and prosperous China, 18 00:01:31,160 --> 00:01:38,160 so in terms of climate change, global health, problem migration, etc. On all these issues 19 00:01:40,200 --> 00:01:44,680 we need a cooperative attitude of China. 20 00:01:44,680 --> 00:01:49,460 Cooperation works both ways, and European graduates of CEIBS are also embracing the 21 00:01:49,460 --> 00:01:53,460 opportunities of this self-confident market. 22 00:01:53,460 --> 00:01:58,540 Pierre Garody and Joe Trummer launched their fast food chain in the city last autumn. They're 23 00:01:58,540 --> 00:02:05,020 already at two locations, selling frankfurters and meatballs to young Chinese consumers. 24 00:02:05,020 --> 00:02:12,020 There are some particular issues, like licensing, which are way more complex than back home. 25 00:02:12,060 --> 00:02:17,900 It's cheaper for sure than starting something like this in the United States or in Europe. 26 00:02:17,900 --> 00:02:23,940 I would say that there's no better place than China nowadays if you want to be an entrepreneur 27 00:02:23,940 --> 00:02:25,620 and if you want to do something like this.