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China, Inc.: How the Rise of the Next Superpower Challenges America and the World (Hardcover)

by Ted C. Fishman (Author) "THE BANKS OF THE HUANGPU RIVER RUNNING THROUGH SHANGHAI do not just bend ..." (more)

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Product Details

Hardcover: 352 pages
Publisher: Scribner; 1 edition (Feb 1 2005)
Language: English
ISBN-10: 0641783531
ISBN-13: 978-0743257527
ASIN: 0743257529
Product Dimensions: 23.1 x 16 x 3 cm
Shipping Weight: 477 g

Average Customer Review: 4.0 out of 5 stars See all reviews (4 customer reviews)

Amazon.ca Sales Rank: #194,835 in Books (See Bestsellers in Books)

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#38 in	Books > Business & Investing > Finance > Foreign Exchange
#38 in	Books > Professional & Technical > Accounting & Finance > Finance > Foreign Exchange
#99 in	Books > Professional & Technical > Accounting & Finance > International > Finance

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Product Description

From Publishers Weekly

A lively, fact-packed account of China's spectacular, 30-year transformation from economic shambles following Mao's Cultural Revolution to burgeoning market superpower, this book offers a torrent of statistics, case studies and anecdotes to tell a by now familiar but still worrisome story succinctly. Paid an average of 25 cents an hour, China's workers are not the world's cheapest, but no nation can match this "docile and capable industrial workforce, groomed by generations of government-enforced discipline," as veteran business reporter (and Chicago Mercantile trading firm founder) Fishman characterizes it. Since Mexican wages were (at the time) four times those of China, NAFTA's impact has been dwarfed by China's explosive growth (about 9.5% a year), and corporations and entrepreneurs operating in China have few worries about minimum wages, pensions, benefits, unions, antipollution laws or worker safety regulations. For the U.S., Fishman predicts more of what we're already seeing: deficits, declining wages and the squeezing of the middle class. His solutions (revitalize education, close the trade gap) are not original, but some of his statistics carry a jolt: since 1998, prices in the U.S. have risen 16%, but they've fallen in nearly every category where China is the top exporter; a pair of Levis bought at Wal-Mart costs less today, adjusted for inflation, than it did 20 years ago—though the company no longer makes clothes in China. First serial to the New York Times Magazine; author tour.(Feb.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From AudioFile

Remember when everything was made in Japan? Now everything is made in China. Suffocated for decades by binding communist ideology, the Chinese are now breathing the invigorating air of capitalism. And they seem to like it. Relatively unregulated factories pay 25 cents an hour to employees who save 40 percent of what they earn. It's not just Americans sending jobs there; Mexico is outsourcing to China. The current move from the Chinese countryside to the job-rich cities is the largest migration in history, according Fishman. China now uses 40 percent of the world's concrete and 25 percent of its steel. Alan Sklar has a deep and musical voice. He reads us the bad news with enthusiasm. B.H.C. © AudioFile 2006, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to the Audio CD edition.

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First Sentence
THE BANKS OF THE HUANGPU RIVER RUNNING THROUGH SHANGHAI do not just bend. Read the first page

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4.0 out of 5 stars one of better books, but one sided somewhat, Nov 13 2006

By	ideastravel (Hong Kong) - See all my reviews

This review is from: China, Inc.: How the Rise of the Next Superpower Challenges America and the World (Paperback)

Highly readable book in some ways. It gives good observations on many changes inside China. Good read, but it is far from deep or insightful, which is true for many books on China that are written by long distance observers.

There are great struggles going on inside China: the abusive bureaucratic power still aims to contain new development. The best books on the deeper issues are written by the provocative Chinese journalist George Zhibin Gu: 1. China and the new world order; and 2. China's global reach. Both books offer insider's analysis on what is really inside Chinese business and political world and their implications to the world.

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4.0 out of 5 stars Setting the China scene, BUT..., Nov 5 2006

By	An expat based in Shanghai (Canada and China) - See all my reviews

This review is from: China, Inc.: How the Rise of the Next Superpower Challenges America and the World (Paperback)

This book is similar to China Shakes the World, although the latter is better written - which is also why China Shakes the World has won the 2006 FT/Goldman Sachs Business Book of the Year Award.

So, if you are a general reader and want to understand how China is and will be impacting the rest of the world, read China Inc, which, I would say, contains a bigger amount of information than China Shakes the World (which is more entertaining because it does the job largely through stories).

If you are a business person and want to understand how to succeed in China, however, I would recommend Dr Wei Wang's The China Executive: Marrying Western and Chinese Strengths to Generate Profitability from Your Investment in China. I have found that The China Executive is simply the best book in this field and, with it, I am not puzzled by China any more.

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4.0 out of 5 stars China in the 21st century, Jul 16 2006

By	Pieter "Toypom" (Johannesburg) - See all my reviews (TOP 10 REVIEWER)

This review is from: China, Inc.: How the Rise of the Next Superpower Challenges America and the World (Paperback)

This well-researched reveals China as an awakening giant, experiencing roaring growth and impressive technological advances. Not only does the country have the unrivalled productive power derived from its vast low-cost labour force but its one billion plus consumers have made it a lucrative market.

One of the reasons for its breathtaking economic growth is that rural people have been moving to the cities in large numbers. Three of the most interesting chapters are titled The Revolution Against The Communist Revolution, Pirate Nation (which examines the problem of counterfeits and brand theft taking place in China), and chapter 11: The Chinese Century.

The author examines the implications of this rising colossus for the world, and for the West in particular. What if China manages to produce everything that the West does at half the cost? And at the same time as its industrial and knowledge economy is booming, the country is aggressively pursuing reliable sources of raw materials and acquiring foreign companies.

Its geopolitical influence is increasing, as is evident in its potentially dangerous friendship with Iran (as part of an Asian Economic Co-operation Group that includes Russia), and its growing influence in Africa (especially Sudan) and even in South America (Venezuela).

Time will tell if the Chinese economy is inherently sound and how far the country will take its alliances with rogue states like Iran. China's involvement in the Middle East might prove its undoing. The book provides all the latest statistics and plenty of intelligent analyses. It concludes with Notes, a Bibliography and Index.

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4.0 out of 5 stars very good story
Ted is a great story teller. Based on first-hand experience, he tells very moving stories about the Chinese life and its vast changes. Read more

Published on May 23 2006 by china-life 20 years