China 's culture, entrepreneurship revolution: capitalists, trade, outsourcing, politics : IMC Santiago

Understand True China: global business, trade, finance, outsourcing and expansion strategies: culture, history, revolution and international relations

by China Venture News http://www.chinaventurenews.com

While Americans listen to the debate in the U.S. Congress about how to isolate America by erecting trade and investment barriers with China, our global trading partner is fully embracing globalization.

Dr. George Zhibin Gu's two new books "China's Global Reach" and "China and the New World Order" arguably advance China's modernization and reforms. In sharp contrast to policy shapers adherence to reports by the US-China Economic and Security Review Commission, Gu, an investment banker and business consultant, does not inject any gloomy forecasts about China's fast march into the world community.

China has indeed learned from America's or more specifically Silicon Valley's achievements in science and technology. The Middle Kingdom's national strategy for Research and development (R&D) has escalated more than 20 percent since 1995 with impressive results, in stark contrast to the 6 percent spent in the United States.

Gu writes " that this is a creative era for China. And one most unexpected outcome is the existence of a new manufacturing center, coming to life seemingly from nowhere."

Few observers can dispute the Chinese innovation in multinational firms like Huawei in telecommunications equipment, Lenovo's advances in computers, and the Haier Group in appliances and electronics, all based on a successful export-oriented strategy of brand-name recognition, and of course, a leading edge R&D program.

Maybe American manufacturing needs to simply renew its embrace of globalization with the same spirit of optimism and competitiveness now found along the ancient silk road in Xi'an.

Contents of China's Global Reach:

Introduction
Three New Lessons
Growing Up in China
Going International
Returning Home
This Small Book
The Big Picture

Acknowledgments

Part I China as a New Global Theater

1. Ambitions of Foreign Multinationals in China
Today抯 Versions of Columbus and Magellan
International Rush
Why Are They Here?
Why China?
One Big Factory-Market
More Sectors, More Players

2. The Business of China Is Business!
揈mpty Talk Destroys Prosperity!?
Foreign Bankers
Spouses and Children
Welcome!

3. Creation of a Global Manufacturing Center
Unexpected Contributors
Arrival of Indian Companies
A Crowded Market
Galanz: the Manufacturer of the World
Convenient Settings
Future Trends

4. The Ultimate Driving Force: Explosive Consumption
Unexpected Development
Impressive Outcome
Continued Consumption Surge

5. Sharp Rise of Private Sector
One U.S. Banker抯 Discovery
40 Million New Businesspeople
Rural and Urban Entrepreneurs
Buttons Create a New Industrial Town
Jinjiang, Fujian: Biggest Exporting Center for Sport Shoes
Low-End Players

6. All Players Are Important
Competing International Players
Auto Market
International Banks
International Listings
Consumer Views

Part II Global Interactions, Business Dealings, and Job Transfers

7. Learning - A Big Industry
Demand for Education
A Top School
International Involvement

8. The Officials?Global Reach
Officials Lead the Way
Guangdong versus Inland
Abolishing Bureaucratic Tricks
International First
New York versus Beijing

9. 揅apital Is Not Enough?
No Shortcuts
Two Lessons to Remember
Volkswagen versus Beijing Jeep
揅apital Is Not Enough?
Ericsson抯 Seven Mistakes
Bashing Carrefour

10. Global Job Transfers
One International Question
Hiring by Foreign Multinationals
New Era of Global Job Transfers
Job Worries around the World
Hiring by Chinese Players
Global Job Transfers: China versus India

Part III China抯 New International Experiences

11. Price, Price, Price
A Chinese Edge
GE in China
Japan抯 Global Efforts
Cisco versus Huawei
Microsoft in China
Global Price Reductions

12. When Can Chinese Companies Become Global?
Weakness at Home
Foreign Observations
Low Benefits for China
State Banks: 揟he Troublemakers?
A Long Way to Go

13. Chinese Multinationals
Some Sizable Chinese Companies
Buying Into International Markets
Overseas Operations
Creating More Partnerships

14. Bringing Foreigners In
Trade Fairs
Industrial Parks
Foreign Acquisitions

Part IV China抯 Reform at Home: The Unfinished Task

15. Problems Outpacing Solutions
The Ownership Issue
State Assets and Death on the Nile
揟wo Pockets of the Same Jacket?
Lack of Weapons and True Owners

16. How Can a Man Still Wear Baby Clothes?
Credit Crisis and Banking Problems
The Richest Man in Shanghai
Corruptive Partnerships

17. Crises of State Sector
Rapid Changes in the Managerial Class
Hiring Foreign Managers
Long Live Competition!
Reform Difficulties
Painful Layoffs
Government Trimming

18. When Can China Achieve Meaningful Restructuring?
A Saturated Market
Difficulties for a Rational Order
The CEO in China and Elsewhere
Who Is Responsible for Wealth Creation?
Buying Parties Ready?
Need for Greater Determination

19. Employment Traps
Resident Permits
Lives of the Migrants
Employment Difficulties for Other Groups
Death of a College Graduate

20. Bureaucratic Tails
Tails Everywhere
Lucky International Players
揟he Red Building?

Part V Globalization in Light of History

21. An Unbroken Circle?
The British Isles as a Global Center
China抯 Missed Opportunities
The U.S. Way: Dumping Losers
Expansion and Wealth Creation, Past and Present

22. Universal Companies and Global Expansion
Bigger and Bigger Multinationals
First Strategy: A Strong Home Base
Second Strategy: Creating a New Form of Dominance
Third Strategy: A True Global Reach
China抯 Participation in the World Economy

23. More on the Circle
Who Has Affected Globalization the Most?
First Factor: Japan抯 Global Reach and Retreat
What Is Going On in Tokyo?
South Korea: Glories and Bubbles
Second Factor: Asia抯 Financial Crisis
Third Factor: The World Trade Organization
Unexpected Developments
Global Development Orbit

24. How Does China Achieve Sustained Growth?
A Great Paradox
Effective Government, Different Role
The Big Picture
A New Model
Getting Out of the Box
A New World Order

Afterword: China, United States and Global Development
by Andre Gunder Frank

Notes

ABOUT THE AUTHOR

George Zhibin Gu is a journalist/consultant based in Guangdong, China. A native of Xian, he obtained education at Nanjing University in China and Vanderbilt University and the University of Michigan in the United States. He holds two MS degrees and a Ph.D. from the University of Michigan.

For the past two decades, he has been an investment banker and business consultant with a focus on China. His work focuses on helping international businesses to invest in China and the Chinese companies to expand overseas. He has worked for Prudential Securities, Lazard, and State Street Bank, among others. He generally covers mergers and acquisitions, joint ventures, venture capital, business expansion, and restructuring.

Also, he is a journalist focusing on China in relation to global development. His articles or columns have appeared in Asia Times, Beijing Review, The Seoul Times, Financial Sense, Gurus Online, Money Week, Online Opinion, Asia Venture Capital Journal, and Sinomania, among others.

He is the author of three additional books, China Beyond Deng: Reforms in the PRC (McFarland, 1991), China and New World Order: How Entrepreneurship, Globalization, and Borderless Business Reshape China and World (Fultus, 2006), and Made in China: Players and Challengers in the 21st Century (English edition forthcoming; Portuguese edition, Centro Atlantico, 2005). He is a member of World Association of International Studies hosted by Stanford University.