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Lunch » Tags » Books » Reviews » China, Inc.: How the Rise of the Next Superpower Challenges America and the World

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

1 rating: 5.0
A book by Ted C. Fishman

China has the world's most rapidly changing large economy, and according to Ted Fishman, it is forcing the world to change along with it. "No country has ever before made a better run at climbing every step of economic development all at once," he writes, … see full wiki

Tags: Books
Author: Ted C. Fishman
Publisher: Scribner
1 review about China, Inc.: How the Rise of the Next Superpower...

China Inc by Ted Fishman

  • Mar 19, 2005
Rating:
+5
This book is a powerhouse of ideas on the emerging economic
presence of the Peoples Republic of China. The work has important
implications for any businessperson doing business in the
People's Republic for the first time, as well as firms historically anchored in the Chinese marketplace. The market cannot be ignored because other Western nations are already
penetrating it. For instance, France was developing significant economic relationships with Vietnam long before the United States
was even considering trade in the emerging Southeast Asian
markets. A strength of this work is that the author explains
specific needs in the Chinese market, as well as strategies for
American business to meet these needs.

The author describes an historic migration to the cities, the growing use of mobile phones, English as a second language for Chinese and the huge auto market. All of these megatrends will have profound implications for strategic business planning well into the future. These implications will impact American business, labor, households, students and virtually every important constituency requiring products, parts & medicinal
services from the People's Republic.

Investors have seen up to a 42% return on Chinese business operations. There are approximately 220MM surplus workers and some apparel workers make .10 on the dollar. Nearly 1 billion condoms are sold each year in China. There are 320MM people under the age of 14 which provides a huge market for toy manufacturers. China has a tremendous internet use and it continues to grow incrementally.

China even exports over $4B of Western medicine and a huge amount of herbal remedies and alternative medicinal instrumentalities.
It is already a giant economic powerhouse with an unlimited
supply of labor including workers trained in MBA programs and the various trades. This work has important implications for every
businessperson or investor in the USA. It should be read extensively, debated and incorporated into strategic business
planning both here and abroad. As Americans, we cannot ignore the opportunities for cultivating new customers amongst every segment of the Chinese population . This work is well-researched.
The statistical data is current and the presentation is clear.
The acquisition is well worth the price charged. This would make
an outstanding gift for any student of world history, culture
or international business.

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