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

by Ted C. Fishman
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China, Inc.: How the Rise of the Next Superpower Challenges America and the World by Ted C. Fishman

The updated edition of journalist Ted C. Fishman's bestselling explanation of how China is rapidly becoming a global industrial superpower and how the American economy is challenged by this new reality.

China today is visible everywhere — in the news, in the economic pressures battering the globe, in our workplaces, and in every trip to the store. Provocative, timely, and essential — and updated with new statistics and information — this dramatic account of China's growing dominance as an industrial superpower by journalist Ted C. Fishman explains how the profound shift in the world economic order has occurred — and why it already affects us all.

How has an enormous country once hobbled by poverty and Communist ideology come to be the supercharged center of global capitalism? What does it mean that China now grows three times faster than the United States? Why do nearly all of the world's biggest companies have large operations in China? What does the corporate march into China mean for workers left behind in America, Europe, and the rest of the world?

Meanwhile, what makes China's emerging corporations so dangerously competitive? What will happen when China manufactures nearly everything — computers, cars, jumbo jets, and pharmaceuticals — that the United States and Europe can, at perhaps half the cost? How do these developments reach around the world and straight into all of our lives?

These are ground-shaking questions, and China, Inc. provides answers.

Veteran journalist Ted C. Fishman shows how China will force all of us to make big changes in how we think about ourselves as consumers, workers, citizens, and even as parents. The result is a richly engaging work of penetrating, up-to-the-minute reportage and brilliant analysis that will forever change how readers think about America's future.

Product Details

ISBN-13: 9780743257527
Publisher: Scribner
Publication date: 02/01/2005
Pages: 352
Product dimensions: 6.30(w) x 9.20(h) x 1.10(d)

About the Author

Ted C. Fishman is a veteran journalist and former commodities trader who has emerged as a leading expert on the People's Republic of China. His essays and reports have appeared in the New York Times Magazine, Harper's, and Esquire, among others.

Audie Award finalist Alan Sklar has narrated nearly two hundred audiobooks and has won several AudioFile Earphones Awards.

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China, Inc.: How the Rise of the Next Superpower Challenges America and the World 4.3 out of 5 based on 0 ratings. 8 reviews.
Anonymous More than 1 year ago
While the info is a little outdated by now, the book provides great examples of the rise of China. Great for anyone who wants to understand China better and how its rise could affect the world in the future.
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Guest More than 1 year ago
The stories are great. The water is still pulluted there. He has a great emphsis telling stories about the factories there put there is no stories about there factories pullution. Tells there economic strengh. China is a super power for the 21th century. Telling all the good things is happening to China.
Guest More than 1 year ago
China has the world's most rapidly changing large economy, Fishman details how hundreds of millions of peasants have migrated from rural to urban areas to find manufacturing jobs, providing an unlimited, low-wage workforce to power China's economy. 'No country has ever before made a better run at climbing every step of economic development all at once,' he writes, in China, Inc. China invites large corporations to manufacture their products in their country--simply put, American companies can't compete with wages as low as 25 cents an hour and lack of regulation and oversight, so are forced to move their operations to China or completely change the focus of their business. Once the companies are in China, within a few months are the Chinese are copying and competing against the same companies they attracted. China is currently the largest maker of toys, clothing, and consumer electronics, and is swiftly moving up the ladder in car production, computer manufacturing, biotechnology, aerospace, telecommunications, and other sectors thanks to low-cost, high-tech factories. China is also where the world is investing. In 2004, for instance, the city of Shanghai alone attracted over $12 billion in direct foreign investment, roughly the same amount as all of Indonesia and Mexico received. In tracing China's ascendancy over the past 30 years (with annual growth of an astonishing 9.5 percent), Fishman presents a flood of facts, figures, forecasts, and anecdotes and examines the implications of this unprecedented growth for China, the U.S., and the rest of the world. A great read and again exposes some of the themes brought brilliantly by Fareed Zakaria's The Post-American World.
Guest More than 1 year ago
This book covers every topic one could ask for in a simple, well-written intro to contemporary China, its business environment and people. The enigmas of Chinese behavior and growth are explained clearly and convincingly. Highly recommended.
Guest More than 1 year ago
Just reading the back cover of this book made me pick it up and read it from cover to cover. I was so fascinated by the awesome statistics about China: its growth, it's massive scale of humanity and its potential. The book gives you an economic and cultural history lesson from the last 50 years, then ties it into what is happening today and then gives several scenarios for what is going to happen there in the very near future. It made me want to drop everything and move to China to capitalize on this explosion!
Guest More than 1 year ago
Squarely addressed to people with scant knowledge of China, this anecdotal excursion into the economics of the Middle Kingdom is dilettantish in the best sense of the word. Those who know China will learn only illustrative tales here, but those who do not know China will learn what even the most scrupulously accurate journalists cannot always convey: the feel of the place. Author Ted C. Fishman explores Shanghai shops, Shenzhen factories and markets for female companionship euphemistically known as karaoke halls, and he manages to put everything in the context of China¿s economic development. No doubt many readers will come away convinced that China is a threat - indeed, part of the author¿s purpose is to show how China challenges the world. He does that convincingly by alternating vignettes of China with vignettes of America. Critics may quibble, and not without reason, that the book is superficial, uncritical and naïve. Granted. But we counter: it¿s a heck of a read.