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Companies need to spend more time thinking through threats and really reaching to extremes.

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Confucius said: "Cold winter reveals the strength of the pine and cypress." The Confucius Institute has been able to grow despite the "cold winter" because it represents the unstoppable historical trend towards greater mutual learning and exchange between different civilisations, the driving force behind human progress, peace and prosperity. The Institute is initiated by China, but it belongs to the world. I am confident that it will serve as a bridge of friendship and better understanding. Looking ahead, the Institute can make new and greater contribution to human progress and to the building of a community with a shared future for mankind.

Companies in East China saw revenues up 9.5 percent to 117.6 billion yuan, while those in Central and western regions reported revenue growth of 19.4 percent and 18.6 percent respectively.

Confucianism, with its core concepts of harmony with diversity and seeking common ground despite differences, is at the heart of what has made China the soft power in Asia for centuries.