What is really inside Chinese multinationals, society, politics, finance, jobs, globalization?
corruptive Chinese communist government vs rising finance, banking, outsourcing, investment, trade, and politics under globalization
reviewed by
http://www.thewuway.net What's behind the bureaucracy in China? Go behind the great iron curtain with George Zhibin Gu. He'll also reveal a number of secrets along the way to doing business in China, with real-life examples from global multinationals.
Dr. George Zhibin Gus two new books " Chinas Global Reach " and "China and the New World Order" arguably advance China?s modernization and reforms. In sharp contrast to policy shapers adherence to reports by the US-China Economic and Security Review Commission, Gu, an investment banker and business consultant, does not inject any gloomy forecasts about China?s fast march into the world community.
China has indeed learned from America?s or more specifically Silicon Valley?s achievements in science and technology. The Middle Kingdom?s national strategy for Research and development (R&D) has escalated more than 20 percent since 1995 with impressive results, in stark contrast to the 6 percent spent in the United States.
Gu writes " that this is a creative era for China. And one most unexpected outcome is the existence of a new manufacturing center, coming to life seemingly from nowhere. "
Few observers can dispute the Chinese innovation in multinational firms like Huawei in telecommunications equipment, Lenovo?s advances in computers, and the Haier Group in appliances and electronics, all based on a successful export-oriented strategy of brand-name recognition, and of course, a leading edge R&D program.
Maybe American manufacturing needs to simply renew its embrace of globalization with the same spirit of optimism and competitiveness now found along the ancient silk road in Xi?an.
New Book : China?s global reach : markets, multinationals, and globalization
Author : George Zhibin Gu ;
Afterword by Andre Gunder Frank
Contents of book
Introduction Growing Up in China Going International Returning Home This Small Book
Acknowledgements
General Notes
Part I China as a New Global Theater
Chapter 1 Ambitions of the Foreign Multinationals in China Today?s Versions of Columbus and Magellan Why Are They Here ? Why China ? One Big Factory-Market More Sectors, More Players The Business of China Is Business !
Chapter 2 Creation of a Global Manufacturing Center Stock Market With No Charter Arrival of Indian Companies One U.S. Banker?s Discovery Tens of Millions of New Businesspeople Rapid Development Driven by Shortages Business Elements, Strong and Weak A Crowded Market Convenient Settings Future Trends
Chapter 3 All Players Are Important Competing International Players International Banks International Listings Consumer Views
Chapter 4 Learning-a Big Industry Demand for Education A Top School International Involvement
Chapter 5 The Officials? Global Reach Officials Lead the Way Guangdong versus Inland Abolishing Bureaucratic Tricks International First New York Versus Beijing
Chapter 6 ?Capital Is Not Enough? No Shortcuts Volkswagen Versus Beijing Jeep ?Capital Is Not Enough? Ericsson?s Seven Mistakes Bashing Carrefour
Chapter 7 ?Why Is China Still a Developing Nation ?? Hiring by Foreign Multinationals New Era of Global Job Transfers Job Worries Around the World Hiring by Chinese Players Global Job Transfers : China Versus India
Part II China?s New International Experience
Chapter 8 Price, Price, Price A Chinese Edge GE in China Japan?s Global Efforts Cisco Versus Huawei Microsoft in China Global Price Reductions
Chapter 9 When Can Chinese Companies Become Global ? Weakness at Home Foreign Observations Low Benefits for China State Banks : ?The Troublemakers? A Long Way to Go
Chapter 10 China?s Global Reach : Alternate Strategies International Efforts Bringing International Business In More Exchanges and Widening Channels Buying Into International Markets Creating More Partnerships Foreign Acquisitions
Part III China?s Reform at Home : The Unfinished Task
Chapter 11 Problems Outpacing Solutions State Assets and Death on the Nile ?Two Pockets of the Same Jacket? Lack of Weapons and True Owners
Chapter 12 How Can a Man Still Wear Baby Clothes ? Factories and Highways Are Not Everything Credit Crisis and Banking Problems The Richest Man in Shanghai
Chapter 13 Crises and the Forward Movement of the State Sector Rapid Changes in the Managerial Class Long Live Competition ! Reform Difficulties Painful Layoffs Government Trimming
Chapter 14 When Can China Achieve Meaningful Restructuring ? A Saturated Market The CEO in China and Elsewhere Who Is Responsible for Wealth Creation ? Buying Parties Ready ? Need for Greater Determination
Chapter 15 Employment and Other Traps Jobs, Personal Freedoms, and Opportunities Lives of the Migrants Employment Difficulties for Other Groups Death of a College Graduate
Chapter 16 Other Uncertainties for the Business World Tails Everywhere Lucky International Players ?The Red Building?
Part IV Globalization in Light of History
Chapter 17 An Unbroken Circle ? The British Isles as a Global Center China?s Missed Opportunities The U.S. Way : Dumping Losers Expansion and Wealth Creation, Past and Present
Chapter 18 A New Global Trend : Mega-Companies and Global Expansion Bigger and Bigger Multinationals First Strategy : A Strong Home Base Second Strategy : Reducing Players and Creating a New Form of Dominance Third Strategy : A True Global Reach China?s Participation in the World Economy
Chapter 19 More on the Circle Who Has Affected Globalization the Most ? First Factor : Japan?s Global Reach and Retreat What Is Going On in Tokyo ? South Korea : Glories and Bubbles Second Factor : Asia?s Financial Crisis Third Factor : The World Trade Organization Unexpected Developments
Chapter 20 The World Watches : How Does China Achieve Sustained Growth ? A Great Paradox Effective Government, Different Role A New Model Getting Out of the Box China?s Best Choice : A New Society A Great Convergence Laws
About the Author
George Zhibin Gu, a native of Xian, obtained education at Nanjing University in China and Vanderbilt University and the University of Michigan in the United States. He holds two MS degrees and a Ph.D. from the University of Michigan.
Since 1990, he has been an investment banker and business consultant. He has worked for the last 15 years in the investment world with a focus on China. His work focuses on helping international businesses to invest in China and the Chinese companies to expand overseas. He has worked for Prudential Securities, Lazard, and State Street Bank, among others. He generally covers mergers and acquisitions, venture capital, business expansion and restructuring.
Also, he is a commentator on a changing China in relation to global development. His articles or columns have appeared in Asia Times, Beijing Review, The Seoul Times, Financial Sense, Gurus Online, Money Week, Online Opinion, Asia Venture Capital Journal, and Sinomania, among others.
He is the author of three additional books :
1. 3. China and the New World Order : How entrepreneurship, globalization and borderless business are reshpaing and the world (Fultus, 2006),
2. China Beyond Deng-Reforms in the PRC (McFarland, 1991) ;
3. Made in China - Business and National Players and Challengers in the 21st Century (English edition forthcoming, 2007, Portuguese edition, Centro Atlantico, 2005).
He is also a member of World Association of International Studies hosted at Stanford University. He now resides in Guangdong, China.