This video shows a specific example of how American people and Asian people understand time variously. Americans treat time strictly while Asians think that time is adjustable.
I read an article titled “How Different Cultures Understand Time”, which contains more details about the difference in sense of time. Americans indeed treasure time as “money”. they believe time is wasted without decisions being made or actions being performed so they can get things done more efficiently. On contrary, time is viewed neither as linear nor event–relationship related, but as cyclic. Cyclical time is not a scarce commodity. There seems always to be an unlimited supply of it just around the next bend. Therefore, Asian people usually consider many things to make a decision.