Dealing with China: An Insider Unmasks the New Economic Superpower

by Henry M. Paulson

Overview

"Mr. Paulson's warnings demand attention . . .[he] knows more about China, its politics and the players behind it than most Westerners." —Andrew Ross Sorkin, The New York Times

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.

Praise for Paulson's On the Brink:

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

"Engaging, well-written narrative." —Wall Street Journal

Product Details

ISBN-13:	9781455504220
Publisher:	Twelve
Publication date:	09/24/2024
Sold by:	OPEN ROAD INTEGRATED - EBKS
Format:	eBook
Pages:	513
File size:	8 MB

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.

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.

"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