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Chindia: How China and India Are Revolutionizing Global Business Paperback – October 23, 2006

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Editorial Reviews

From the Back Cover

CHINA AND INDIA:

Reshaping your world and your business

China's growth and manufacturing dominance are two of the biggest global trends of the last 10 years. India's technology, service, and outsourcing industries make it a valued partner, as well as a formidable competitor.

The stunning rise of China and India makes it clear: to survive and thrive in the new global market, you have to engage with China and India. This comprehensive guide is your road map to meeting this challenge. The book combines frontline reports from BusinessWeek's award-winning Asia staff with point-by-point commentary by the experts, including new introductions to each chapter by BusinessWeek's Pete Engardio. Inside you'll discover

WHAT YOU REALLY NEED TO KNOW ABOUT CHINA AND INDIA

A crash course in their cultures, economies, and business practices

WHAT THE EXPERTS SAY ABOUT THE NEW “MEGAMARKETS”

The future of trading, manufacturing, investing, and negotiating

WHAT YOU CAN DO TODAY TO ENSURE YOUR SUCCESS TOMORROW

New corporate models, global paradigms, and other strategies

This up-to-date exploration includes award-winning special reports on key issues such as manufacturing (“The China Price”) and technology (“The Rise of India”). It's filled with the crucial information you need to compete-from the world's most widely read business magazine.

About the Author

Pete Engardio has won numerous major awards for his coverage of global economic issues as a senior writer at BusinessWeek. He was the magazine's Asia correspondent for six years and is coauthor of the 2000 book Meltdown: Asia's Boom, Bust, and Beyond.

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Product Details

  • Paperback: 224 pages
  • Publisher: McGraw-Hill Education; 1 edition (October 23, 2006)
  • Language: English
  • ISBN-10: 0071476571
  • ISBN-13: 978-0071476577
  • Product Dimensions: 5.9 x 1 x 8.9 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 3.3 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Best Sellers Rank: #184,250 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

10 of 11 people found the following review helpful By Donald Hsu on December 30, 2006
Format: Paperback Verified Purchase
China manufacturing and India Information Technology are winning the world stage. With 2.3 billion customers, it is a major market to reckon with. The middle class is doing well in both countries.

Using IT as a base, outsourcing, call centers, e-leader in villages, ICICI bank micro finance to the millions of poor, computerized land record, tech innovation become the strength of India. Tata Consulting Services, Wipro, Infosys, Satyam are becoming household names. Tata Motor learned much from Toyota Motor. Indian Institute Technology and Manipal Inst Technology (the other MIT) are just a few of the hundreds of world-class institutions that turned out the best and the brightest students in India. They work on Wall Street, Silicon Valley and become CEOs of their own firms. Problems? Too many people with few teachers in India. Teacher salary is very low and curriculum needs overhaul. Most Indians earn $1 per day. Foreign direct investment (FDI) in India is only $6 bn USD.

For China, FDI is $60 bn USD in 2006. Hu Jintao and Wen Jiabao took over 2003. With foreign reserve almost $1 trillion USD, China buys everything from everyone. Veolia Environment (a French firm) invested $800 million in 10 water-treatment projects and profited well. Proctor and Gamble did wel with 4 factories. Cummins Engine found the niche. Autos: VW is now only 25%, GM is less, difficult to compete with Honda, Hyundai, local brand Chery. Steel, chemical, TV, cell phones, PC, DVD, the list goes on and on. In each one of these areas, there is always Chinese competition. TCL is winning the TV war vs Sony, Panasonic and Samsung. Motorola competes with Nokia and many other locals. Oil business, PetroChina, China National Petroleum Corp, and CNOOC are all owned by the Chinese government.
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7 of 8 people found the following review helpful By John O. Freed on December 30, 2006
Format: Paperback
This book provides a look at the growth of the economies of China and India. The book looks at what is going right in both countries and also looks at the big problems facing them (think: poor education, unequal distribution of wealth, government corruption, intellectual property theft, etc.).

In places the book is rather gloomy, particuarly when talking about the loss of jobs in the United States to these countries. In other spots, the book hits the weaknesses of these economic powerhouses right on the head.

The book often gives personal stories of people in these countries who have seen their lives changed by the economic growth of India and China, and many of these stories are fascinating and even touching. All in all, this is a book that is well worth reading.
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7 of 9 people found the following review helpful By Robert Owen on June 23, 2007
Format: Paperback
Although the editor is well meaning in publishing a number of Business Week articles in a single book on India and China, I feel that the chapters lacked deapth. Writing an article for a magazine is very different to writing a chapter of a book and Chindia suffers because it is just a collection of articles. Newspaper & magazine journalists are required to have very different skill sets than book writers and I have yet to find a book written by a journalist that is not shallow and repetitive. I would have expected the bibliography to be a reference to other serious texts and articles on the subject, instead it is a list only of Buisness Week articles on the same subject, whether they are the same articles collected in the book I do not know, but the bibliography shows loyalty to Business Week, not helpfulness to the reader in understanding a complex topic. Chindia is a classic example of a shallow and repetitive book published by a journalist.
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1 of 1 people found the following review helpful By Golden Lion VINE VOICE on July 21, 2007
Format: Paperback
1. China and India share many characteristics as future growth markets: immense upwardly mobility, an emerging middle class whose aspirations and outlook on life differ from those of the previous generation. Rapid social changes and greater diversity means companies must employee more sophistication in tailoring their message and products to a different consumer segment.

2. Automotive: GM enjoyed success selling Buick Regal which starts at $25,138, partnering with SAIC to sell the $8,000 spark, and expanding the XLR Cadillac line. "One thing you learn in China is that you have to move fast" says, Kevin Wale.

3. Elantra compact, starting at $13,600, Hyundai Motor Co's unit sales in China Soared 156% in the first quarter 2005.

4. Honda's fit sold 76% more cars as buyers snapped up its $10,360 fit.

5. Domestic car Chery QQ had explosive response to its $3,600 price tag.

6. GM SAIC venture plummeted 35% and overall profits plummeted 80% to $33 million. Today most buyers are individual and they want the best deal for their money. "And rumors that Beijing is mulling a tax on vehicles with big engines are only accelerating the trend".

7. Nissan plans to add 250 new dealerships to its existing 500 dealerships by 2007.

8. Ford plans to invest $1 billion in China.

9. VW sells a $9,000 Golf and a $12,000 polo in China,

10. "Price for GM and Volkswagen are still to high" cautions Jia Xinguang.

11. Chinese Basic values: 1. individualism: 2/3 of young Chinese prefer to do things themselves, rather than rely on others. 2.
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