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Business Daily

A Chinese immigrant living the American Dream

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 4 June 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

Mei Xu is a Chinese American entrepreneur who made it big in the US by setting up a global candle business. She grew up in Chairman Mao's communist China, but was educated at an elite school, where she learnt English with the aim of becoming a diplomat. That was until the pro-democracy, student protests of Tiananmen Square in 1989. After that she managed to get a passport out of China and went to the USA, where she set up her multi-million dollar business. What does her story tell us about the state of the American economy and the growth of China as an economic superpower?

Transcript

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0:00.0

Hello and welcome to Business Daily from the BBC. I'm Manuel Zaragoza. In this edition,

0:06.9

the immigrant from China living the American dream. I do feel we have made great contribution

0:13.4

as immigrant and this country thrive as long as stories like mine are still happening.

0:19.9

What May Shih's story of setting up a U.S.-based global candle business

0:24.2

tells us about the American economy

0:26.0

and what it says about China's growth as an economic superpower?

0:30.5

That's coming up here in Business Daily from the BBC.

0:35.9

Breaking news is a racist attack in Chinatown.

0:39.8

Police say she made slurs, threatened violence, and said, quote, you brought the corona to this country.

0:46.4

It's a tough time to be an Asian American in the United States.

0:51.1

Amid the coronavirus, attacks on Asian Americans haven't been unusual.

0:55.5

Before a man suddenly appears and violently strikes her. But this is Immigrant Heritage Month in the U.S.

1:02.0

And among those celebrating is Mei Shi, a Chinese-American businesswoman who founded Pacific

1:07.6

Trade International and its subsidiary Chesapeake Bay Candle.

1:11.4

They're candles you can buy pretty much anywhere in America these days.

1:15.0

A couple of years ago, May sold the candle business and sat down to write a book

1:19.2

about her commercial journey from China to the US.

1:22.8

The book is called, appropriately, Burn.

1:25.4

But May she told me there was little in her early years that

1:28.5

foreshadowed where she'd end up. I grew up in China that is very isolated and it's extremely

1:35.5

sort of uniform in a sense that everyone works for the government. I actually grow up in a city

1:41.7

called Hamzhou. But growing up, there was very little entrepreneurship.

...

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