Dealing with China: An Insider Unmasks the New Economic Superpower

by Henry M. Paulson Jr., Michael Carroll

Overview

NEW YORK TIMES BESTSELLER
DEALING WITH CHINA takes the reader behind closed doors to witness the creation and evolution and future of China's state-controlled capitalism.

Hank Paulson has dealt with China unlike any other foreigner. As head of Goldman Sachs, Paulson had a pivotal role in opening up China to private enterprise. Then, as Treasury secretary, he created the Strategic Economic Dialogue with what is now the world's second-largest economy. He negotiated with China on needed economic reforms, while safeguarding the teetering U.S. financial system. Over his career, Paulson has worked with scores of top Chinese leaders, including Xi Jinping, China's most powerful man in decades.

In DEALING WITH CHINA, Paulson draws on his unprecedented access to modern China's political and business elite, including its three most recent heads of state, to answer several key questions:

How did China become an economic superpower so quickly?

How does business really get done there?

What are the best ways for Western business and political leaders to work with, compete with, and benefit from China?

How can the U.S. negotiate with and influence China given its authoritarian rule, its massive environmental concerns, and its huge population's unrelenting demands for economic growth and security?

Written in the same anecdote-rich, page-turning style as Paulson's bestselling memoir, On the Brink, DEALING WITH CHINA is certain to become the classic and definitive examination of how to engage China's leaders as they build their economic superpower.

Product Details

ISBN-13:	9781455504213
Publisher:	Grand Central Publishing
Publication date:	04/14/2015
Pages:	448
Product dimensions:	6.20(w) x 9.10(h) x 1.70(d)

About the Author

As the CEO of Goldman Sachs from 1999-2006 and then as the Treasury Secretary of the United States from 2006-2009, Hank Paulson has sat across the bargaining table from countless Chinese politicians as both a banker and a statesman. Since leaving Washington, the former Treasury Secretary has worked on bridging the gap between East and West through The Paulson Institute, which he describes not as a think tank but as a "think and do" tank.

Table of Contents

Map of China ix

Preface xi

Part 1 Banking on Reform 1

Chapter 1 At the Purple Light Pavilion 3

Chapter 2 Chinese Bodies, Foreign Technology 16

Chapter 3 Dealmaking with Chinese Characteristics 29

Chapter 4 Real Gold and Silver 43

Chapter 5 Your Chairman Has Gone to Sleep 66

Chapter 6 Cleaning the Stables in Guangdong 86

Chapter 7 School for Success 104

Chapter 8 Saving Shangri-La 115

Chapter 9 One Bank, Two Systems 132

Chapter 10 The World's Biggest Mattress 154

Part 2 Breaking New Ground 175

Chapter 11 A Call to Serve 177

Chapter 12 The Great Patio Debate 203

Chapter 13 Hammering Out a New Framework 223

Chapter 14 A Global Reckoning 239

Part 3 Building Bridges 265

Chapter 15 Darkness at Noon 267

Chapter 16 Skylines and Shorelines 283

Chapter 17 BIT by BIT 309

Chapter 18 The $10 Trillion Reboot 328

Chapter 19 The Party Line 350

Chapter 20 The Way Forward 378

Acknowledgments 405

Cast of Characters 407

List of Acronyms 413

Index 417

About the Author 429

Editorial Reviews

"Delivers a highly personal, you-are-there feeling for how top players in government and finance staved off a disaster."

-- BusinessWeek, on Paulson's ON THE BRINK




"Engaging, well-written narrative."

--Wall Street Journal, on Paulson's ON THE BRINK



"Henry Paulson was for better or worse the leader throughout the crisis. Throughout the book Paulson truly shines."
--Daily Markets, on Paulson's ON THE BRINK

From the Publisher