Dealing with China: An Insider Unmasks the New Economic Superpower

Dealing with China: An Insider Unmasks the New Economic Superpower

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by Henry M. Paulson, Michael Carroll
     
 

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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

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.

Editorial Reviews

To business and government leaders, China is the Big Question. As framed by one expert Asia watcher, that question is simply posed: Where is this whole high-speed juggernaut headed? Few, if any people are better positioned to answer that query than Henry M. Paulson, whose credits include service both as a U.S. Secretary of the Treasury and a Goldman Sachs CEO. In both those positions, China was a near constant, unavoidable subject: After all, this $10 trillion a year powerhouse was and is the world's fastest growing major economy. In Dealing with China, this expert observer sorts out what business leaders and ordinary citizens need to know about this looming giant. Editor's recommendation.

From the Publisher
"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

Product Details

ISBN-13:
9781455504213
Publisher:
Grand Central Publishing
Publication date:
04/14/2015
Pages:
448
Sales rank:
409,322
Product dimensions:
6.20(w) x 9.10(h) x 1.70(d)

Meet 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.

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Dealing with China: An Insider Unmasks the New Economic Superpower 3 out of 5 based on 0 ratings. 2 reviews.
Anonymous More than 1 year ago
Paulson's so-called "Insider" perspective of the Chinese system is as indicative of, and just as astounding a display of his monumental incompetence at both Goldman Sachs and his tenure as treasury secretary. He presumes to know about the Chinese mindset based on highly controlled and scripted trips on the mainland. This book is written on the same false pretense every major political and business figure has had for the last four decades. Much like with the Beats by Dre line of headphones companies take their proprietary technology and processes and outsource them to China, Chinese employees of that manufacturer then defect, taking said proprietary technology and with tacit approval and aid from the government itself, go on to copy that technology and undercut the original developers of those manufactories. Paulson should be the last person to consult on any topic he presumes to be an expert of.
club45boo More than 1 year ago
Slow start and a little tough to get through. But then you will find it very educational, and interesting. A must read!