A postcard from China’s Ming dynasty

The more I learn about the early years of the Ming Dynasty (1368-1644), the more I see the same themes being repeated today. The events themselves are different, of course, but the emotional make-up of a people and how they are motivated gives us a glimpse of how China is likely to chart its future, as it has its remarkable recent past.

Below are some of the key insights I mentioned:

● Reflecting on Zhu Yuanzhang's life journey, I couldn't help but notice similarities with modern-day business leaders in China. The resilience, ambition, and strategic prowess resonate across generations.
● The rapid ascent of China during the early Ming Dynasty echoes the country's meteoric growth today. It speaks volumes about the inherent dynamism and potential of this society, rooted in its civilisation's enduring essence.
● The cosmopolitan character of the Ming Dynasty finds resonance in contemporary China.
● Governance challenges, though present during the Ming Dynasty, did not impede progress—a parallel to the governance issues faced by modern China. Yet, the resilience and adaptability of the nation have historically ensured forward momentum.
● The cultural aspiration for global respect, evident in the Ming Dynasty, persists in today's China. However, this pursuit comes with its own set of challenges and sacrifices, shaping China's interactions on the world stage.

While acknowledging the differences between past and present realities, it's fascinating to observe how historical insights enrich our understanding of contemporary China. Despite advancements in economic and fiscal policies, grasping the emotional and psychological essence of the Chinese people offers invaluable perspective on their trajectory forward.

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EMMANUEL DANIEL is an author and advisor corporate leaders.

He is the founder of TAB Global that owns research and consulting services such as TAB Insights, The Asian Banker, The Banking Academy and Wealth and Society.

He is a futurist who was ranked a global top 50 fintech influencer. He advises leaders on their financial services industry, technology and geopolitical strategies and is a well regarded speaker on these issues.

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