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China, Inc.: How the Rise of the Next Superpower Challenges America and the World Paperback – April 11, 2006
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Calling China's huge population "arguably the greatest natural resource on the planet," 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. In the process, this shift has changed both Chinese culture and the global business climate in significant ways. 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. And it's not just a problem for the U.S.--even Mexico is outsourcing to China. Though it remains to be seen whether this will truly be the "Chinese Century" as Fishman asserts, China, Inc. is a brisk and informative look at why so many American corporations, and American jobs, are heading to China. --Shawn Carkonen --This text refers to an out of print or unavailable edition of this title.
From Publishers Weekly
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
Top Customer Reviews
Ted C. Fishman is a veteran journalist and former commodities trader who has traveled widely in China and interviewed many workers, managers, and exucutives of Chinese and American companies. He gives us an avalanche of facts detailing the incredible growth that the Chinese economy has experienced in the last 20 years (averaging about 10% annually as opposed to our meager 3%). Can this growth rate be sustained. Fishman doesn't have the answer but he gives us a multitude of statistics to draw our own conclusions.
There is, in retail and manufacturing circles, something known as "the China price." Goods manufactured in China cost anywhere from 30% to 50% less than what they could possibly be made for in the US, in many cases it is less than the cost of materials. American multinationals - such as GM and Wal-Mart - are telling their suppliers to meet the China price or else - which means that the suppliers either set up shop in China or go out of business. Never mind trying to compete on price, China has an abundance of production workers that are willing to work for 40 cents an hour. Even at the high end they have chip designers that are willing the work for $2,000 a month, overtime included.Read more ›
Mr. Fishman approaches his subject matter from a wide variety of informative angles, supporting his arguments with factual data, statistics, and numerous anecdotes, any number of which I recognized from Chinese news reports. He begins with a look at Shanghai's transformation into one of the world's leading cities. He next steps back in time to present an historical perspective on how China's peculiar brand of "rule-breaking" capitalism came into being, illustrated by a fascinating look at the city of Wenzhou. He traces the rise of Shenzhen in southern China and the growth of the real estate and personal automobile markets. Chapters 6 through 9 are the strongest in the book, detailing China's impact on business in Pekin, Illinois and Rothenburg, Germany, the role of Wal-mart, the global impact of the "China price," technology transfer, and product counterfeiting and piracy. Throughout, these topics are illustrated with plentiful stories, specific examples, and commentaries from executives in the effected industries.Read more ›
Taking the perspective from the macroeconomic sense, countries are usually concentrated on "high capital" production [say rmany, United States, Japan] or "high labor" production [African countries]. Where can we put China in this perspective where they can do both?
With these in mind, I split the book in two parts: The first part gives us the unusual things that China did so far. Really astonishing figures for the reader in terms of population, economic forces and the like. I can say that this part is "what they did". The second part is more economy-based, a rather "how they did".
The book is an easy-to-read one. There are in-depth explanations, presentations but they are not mind-bending and you are not lost in the paragraphs. Perspectives of the Chinese and American workers, consumers, manufacturers are well analyzed and presented. "Pirate Nation" and "China Prices" are two of the most striking chapters in the book.
At the end, after finishing reading it I had many of my questions answered, but I am left with a couple of questions more: The book concentrates the impact mainly on United States and to some extent Germany. But there are other countries in the world who can/will be affected by the Chinese giant.Read more ›
Most Recent Customer Reviews
This book presents fascinating insights into China and its fastest growing economy, at 9.5% annual growth, in world history. Read morePublished 19 months ago by Leon Czikowsky
I loved ready about the growing industry in China. We used this book in various speeches on Emerging Industry throughout the world. It was very informative. Read morePublished on August 29, 2013 by Brian
This book is written with many stories that illustrate how China is.
I have lived in China for close to 10 years now. Read more
This book is one of the must-read books for studying China's rise.
This book has focuses more negative than positive elements of China's rise. Read more
This book delivers just about what you would expect from it, mostly impressive statistics, data, and trends that highlight the incredible productivity, growth, and potential of... Read morePublished on June 1, 2012 by Chip Hunter
I've spent a lot of time in China and know many of these story types well, but this book still expanded my perspective and gave me a lot of additional context. Read morePublished on April 8, 2012 by Joseph Born
I read this good book, here in Brazil. This book is good, easy to read and concise about China today. Read morePublished on April 2, 2012 by Dalton C. Rocha
This book is sort of a "The World is Flat" focused just on China. It is a fascinating book describing China's mind-boggling numbers, like the projected 300M people moving to cities... Read morePublished on January 11, 2012 by Rex M. Rogers
Many interesting and often surprising details on recent developments in China; including the reasons why ending software piracy in China (even if it were remotely possible to do... Read morePublished on October 3, 2011 by Walter