The document discusses China's need to rethink its modernization path based on three realities: low employee engagement, high employee turnover, and poor management practices in Chinese companies. It provides data showing that Chinese workers have among the lowest levels of engagement globally and high levels of disengagement. Turnover rates in China increase significantly after Chinese New Year. Studies also rate Chinese management as some of the worst compared to other countries. The document argues that Chinese companies need to adopt practices from foreign multinationals operating in China in order to improve these issues.