China is rapidly becoming the world's next economic giant: by some estimates, the Chinese economy could overtake the US by 2030. Is this truly likely? Or will internal political and cultural obstacles lead the Chinese market economy to fail, causing massive losses for unwary investors? In China: The Race to Market, a leading expert in assessing investment risks in China offers a comprehensive briefing on what to expect--and what to watch out for. Jonathan Story covers all the forces shaping China's future, offering essential historical and economic context, and showing investors how to shape strategies that maximize opportunity and minimize risk. He addresses a wide range of issues, including: the impact of China's entry into the World Trade Organization; the state-market relationship; the outlook for internal reform and transparency; brand-new rules permitting majority foreign ownership; Sino-American relations, and much more. He also drills down to key industries--including telecommunications, finance, and the automotive industry--showing how these industries are evolving from the viewpoint of Western companies, Chinese competitors, and government authorities alike. From start to finish, China: The Race to Market offers intelligent solutions for Western business people seeking long-term success in China's complex and fast-changing environment.
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Editorial Reviews
Review
"
China: the race to market is an excellent book for anyone who wishes to understand the direction in which the Chinese polity and economy is developing. For providing a background for developing strategies for business development it is therefore a must. And in addition it is a very enjoyable read.
The major attraction of the analysis is the clear exposition of the various forces bearing on policy making and action in China within the Communist state, and by implication therefore on the the economy and the business environment. One cannot make business strategy without reference to a coherent macro view of the relevant environment and for any business either seeking to operate in China, or likely to be impacted directly or indirectly by events there, there can be nothing better than this book to establish a coherent view of likely development."
Martin Flash, Partner, Mega Associates Limited, London
"Here is a book on China that places corporations center stage. Story paints the broad canvas of China's transformation in all its dimensions, while providing sound advice to senior management.Here is corporate strategy on a grand scale. A must read".
P¿r-Anders Pehrson , Vice President Leadership, Ericsson
"Jonathan Story has written an admirably clear, well informed and judiciously timed book that should deservedly attract a wide readership among those seeking a comprehensive yet penetrative knowledge of contemporary China, set in its international context".
Professor Jack Hayward FBA , Chairman, China Programmes, The British Academy.
"A very informative analysis of the political and economic transformation taking place in China and how this impacts business decisions, but more generally is a good analysis of China for western audiences."
Eric A.Hyer, Brigham Young University, Utah
"A fine and very informative book" - Jean-Pierre Cabestan, Director of the French Centre for Research on Contemporary China, Hong Kong:.
"Well-structured, balanced in perspective and profound in analysis."
Li Chunfang, from the Chinese Academy of Social Sciences
Praise for The Frontiers of Fortune:
"Jonathan Story provides a sparkling array of ideas and ways of thinking to help make sense of what is happening every day and to develop more appropriate measures of business risk. His racy style draws the reader painlessly into complex arguments".
John Stopford, Professor of International Business, London Business School
"Jonathan Story's range, imagination and scholarship are remarkable. Story demands his readers engage in the globalizing world as it is "
Will Hutton, Editor in Chief, The Gurardian and The Observer
"A breathtaking review of how politics, business and finance interact. Everybody within, without and on the periphery of financial markets needs to read this volume." E-rivatives Review
From the Back Cover
China is rapidly becoming the world's next economic giant: by some estimates, the Chinese economy could overtake the US by 2030. Is this truly likely? Or will internal political and cultural obstacles lead the Chinese market economy to fail, causing massive losses for unwary investors? In China: The Race to Market, a leading expert in assessing investment risks in China offers a comprehensive briefing on what to expect--and what to watch out for. Jonathan Story covers all the forces shaping China's future, offering essential historical and economic context, and showing investors how to shape strategies that maximize opportunity and minimize risk. He addresses a wide range of issues, including:the impact of China's entry into the World Trade Organization; the state-market relationship; the outlook for internal reform and transparency; brand-new rules permitting majority foreign ownership; Sino-American relations, and much more. He also drills down to key industries--including telecommunications, finance, and the automotive industry--showing how these industries are evolving from the viewpoint of Western companies, Chinesecompetitors, and government authorities alike. From start to finish, China: TheRace to Market offers intelligent solutions for Western business people seekinglong-term success in China's complex and fast-changing environment.
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4 of 5 people found the following review helpful:
5.0 out of 5 stars
Highly Recommended!,
This review is from: CHINA - The Race to Market: What China's transformation means for business, markets and the world order (Paperback)
Author Jonathan Story has assembled in one relatively short book a dense collection of facts, hypotheses and perspectives on China. Unlike many writers who have fixed ideas about China and use their books to promote their ideas, Story gives full and fair time to competing viewpoints. He is not selling a hypothesis, but exploring possibilities. Readers who prefer easy and definitive answers may feel frustrated, because Story provides only difficult and ambiguous alternatives. Yet his approach is solid, and more accurate than a finite stance could be. The future of anything is uncertain, and China is egregiously inscrutable, so any honest pronouncement on China's future must acknowledge uncertainty, difficulty and ambiguity. If the book has a demerit, it is that the author sometimes offers interesting, but meandering digressions through the minutiae of Chinese chronology without fully explaining why the details matter. China is perplexing, so we welcome this compilation of insight - we would have been glad to read even more.
2 of 4 people found the following review helpful:
5.0 out of 5 stars
Highly Recommended!,
This review is from: CHINA - The Race to Market: What China's transformation means for business, markets and the world order (Paperback)
Author Jonathan Story has assembled in one relatively short book a dense collection of facts, hypotheses and perspectives on China. Unlike many writers who have fixed ideas about China and use their books to promote their ideas, Story gives full and fair time to competing viewpoints. He is not selling a hypothesis, but exploring possibilities. Readers who prefer easy and definitive answers may feel frustrated, because Story provides only difficult and ambiguous alternatives. Yet his approach is solid, and more accurate than a finite stance could be. The future of anything is uncertain, and China is egregiously inscrutable, so any honest pronouncement on China's future must acknowledge uncertainty, difficulty and ambiguity. If the book has a demerit, it is that the author sometimes offers interesting, but meandering digressions through the minutiae of Chinese chronology without fully explaining why the details matter. China is perplexing, so we welcome this compilation of insight - we would have been glad to read even more.
2 of 4 people found the following review helpful:
5.0 out of 5 stars
Understanding China for business,
By
This review is from: CHINA - The Race to Market: What China's transformation means for business, markets and the world order (Paperback)
China: the race to market is an excellent book for anyone who wishes to understand the direction in which the Chinese polity and economy is developing. For providing a background for developing strategies for business development it is therefore a must. And in addition it is a very enjoyable read. The major attraction of the analysis is the clear exposition of the various forces bearing on policy making and action in China within the Communist state, and by implication therefore on the the economy and the business environment. One cannot make business strategy without reference to a coherent macro view of the relevant environment and for any business either seeking to operate in China, or likely to be impacted directly or indirectly by events there, there can be nothing better than this book to establish a coherent view of likely development.
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