The China Strategy: Harnessing the Power of the World's Fastest-Growing Economy

The China Strategy: Harnessing the Power of the World's Fastest-Growing Economy

by Edward Tse

Paperback(First Trade Paper Edition)

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Overview

China has hundreds of thousands of businessmen and women who are driving the fastest sustained national economic growth rate of any country in world history. After decades of being held back by their country's socialist history, the Chinese people are moving forward with the force of water bursting from a broken steam pipe. The intensity of their aspirations, joined with the plans of the government and the presence of the country's hundreds of millions of ordinary people, means that future developments in China will surpass even those of the recent past—and in an extraordinary manner.

At the same time, the integration of Chinese business with global business is accelerating, meaning that no major enterprise or financial institution can avoid doing business with China, any more than they can avoid the United States. Success in China, either for a local entrepreneur or a global multinational, is now enough to transform a company's performance worldwide.

This book explains the changing nature of China's business environment, its increasingly complex relationship with the rest of the world, and the global business. The China Strategy is uniquely positioned to help business leaders and other observers make sense of China. It provides a holistic view of the Chinese business environment, looking at consumers, competitive enterprises, the government, integration with the rest of the world, and the ways these elements interact. This book is thus the first to lay out a framework that puts together the different (and seemingly contradictory) trajectories of China's future. It shows how change is taking place in non-linear fashion: some factors (like Chinese entrepreneurship) are expanding exponentially, while others (like the value of China's labor arbitrage) may be reaching a plateau. And it shows how to build and execute a global business strategy in light of these changes.

During the next few years, successful American and European businesses may have to move to become global businesses, incorporating China in particular into their core identity because it is the fastest-growing world hub of economic activity. They will need to become familiar with the Chinese financial systems, as well as its consumer markets, innovation capabilities, and labor force. These leaders could have no better guide than The China Strategy.

Product Details

ISBN-13: 9780465029068
Publisher: Basic Books
Publication date: 08/07/2012
Edition description: First Trade Paper Edition
Pages: 272
Product dimensions: 5.62(w) x 8.06(h) x 0.72(d)
Age Range: 13 - 18 Years

About the Author

Edward Tse is Chairman of Booz & CO., Greater China (Shanghai, Beijing, Hong Kong and Taipei), with more than twenty years of management consulting and senior corporate management experience. He has also been a Business Strategy Expert for Chief Executive China for over ten years, as well as being a member of the Consultative Editorial Board of Harvard Business Review Chinese Edition. Tse is a frequent speaker on Greater China's business and regulations at business conferences and government forums, and a prolific author of articles on China. His book on Chinese enterprises, Direction, was published in Chinese in October 2007.

Table of Contents

Foreword to the Paperback Edition ix

Chapter 1 The Country That Cannot Be Ignored 1

Chapter 2 Open China 27

Chapter 3 Entrepreneurial China 55

Chapter 4 Official China 89

Chapter 5 One World 113

Chapter 6 Vision 137

Chapter 7 Versatility 167

Chapter 8 Vigiliance 195

Epilogue The Chinese Renaissance 217

Notes 223

Acknowledgments 231

Index 235

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China Strategy: Harnessing the Power of the World's Fastest-Growing Economy 3.2 out of 5 based on 0 ratings. 5 reviews.
RolfDobelli More than 1 year ago
Perhaps Frank Sinatra's familiar refrain needs a slight alteration to reflect the current reality: "If I can make it there, I'll make it anywhere. It's up to you".China, China. No firm can afford to ignore China as a market, manufacturing base or source of competition. Management consultant Edward Tse's wide-ranging viewpoint (Tse was born in Hong Kong but educated in the US) offers anxious businesspeople clarity and direction. He lucidly describes the forces he thinks will shape China's future and illustrates how your business can prepare for this transformation. Although the book's call to action - start planning for large, unknown changes - may overwhelm some readers, getAbstact recommends this overview of China's shifting commercial climate to managers considering moving to China, those who are already active there, and those who realize the degree of China's imminent influence and want to prepare for the turmoil ahead.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
This book is written for the potential business executive doing business in China but also provides important information for the investor interested in understanding business in China. Whether the author is a cheerleader for the Chinese Economy or a prophet will be discovered in the next few of years. Judging by the appearance of major players from China in potentially transformational technologies to produce electric or hybrid electric cars, or high speed rail in California, the author's description of business evolution in China appears to be accurate. The author delineates the designs and methods being used by the Chinese government to shape China's business growth. He gives detailed information about demographics, marketing problems , and competition in the Chinese business world, and explains why businesses that emerge from China will integrate with the Global Economy. Happy hunting Happy hunting.
Guest More than 1 year ago
This is an absolutely useless book about China. Please don't buy this book if you want to know how to succeed in China. Because this book will just tell you very high-level concepts that everyone knows (China will become an open economy in 10 years!)and there are absolutely no examples nor original ideas. I went to hear him speak at a book reading tonight. He said the purpose of the book was so that he could record everything before he gets older and loses his memories. Well, I wish he never wrote this book so people didn't have to waste time reading it. Everyone knows China is the next super power. We don't need an expensive "consultant" to tell us that using buzz words. Sure, relationships with the local government officials are important. But how do you do that when you are competing with state-owned companies run by family members of these officials?During the Q&A when someone asked, "how do American companies succeed in China?" He actually said, "just hire someone like me!". During the book signing, he only wanted to speak to the Chinese people and exchanged business cards but did not want to talk to any Americans as if Americans are too "stupid" to understand his high level, unoriginal China Strategy.
China_Investor More than 1 year ago
This is an absolutely useless book about China. Please don't buy this book if you want to know how to succeed in China. Because this book will just tell you very high level concepts that everyone knows (China will become an open economy in 10 years!)and there are absolutely no examples nor original ideas. I went to hear him speak at Asia Society tonight. He said the purpose of the book was so that he could record everything before he gets older and loses his memories. Well, I wish he never wrote this book so people didn't have to waste time reading it. Everyone knows China is the next super power. We don't need an expensive "consultant" to tell us that using buzz words. Sure, relationships with the local government officials are important. But how do you do that when you are competing with state-owned companies run by family members of these officials? Don't expect to find an answer to that question. During the Q&A when someone asked, "how do American companies succeed in China?" He actually said, "just hire someone like me!". During the book signing, he only wanted to speak to the Chinese people and exchanged business cards but did not want to talk to any Americans as if Americans are too "stupid" to understand his high level, unoriginal China Strategy.