China, Inc.: How the Rise of the Next Superpower Challenges America and the World

"China today is visible everywhere -- in the news, in the economic pressures battering america, in the workplace, and in every trip to the store. provocative, timely, and essential, this dramatic account of china's growing dominance as an industrial super-power by journalist Ted C. Fishman explains how the profound shift in the global economic order has occurred -- and why it already affects us all. How has an enormous country once hobbled by poverty and Communist ideology come to be the supercharged center of global capitalism? What does it mean that China now grows three times faster than the United States? That China uses 40 percent of the world's concrete and 25 percent of its steel? What is the global impact of 300 million rural Chinese walking off their farms and heading to the cities in the greatest migration in human history? Why do nearly all of the world's biggest companies now have large-scale operations in China? What does the corporate march into China mean for workers left behind in America, Europe, and the rest of the world? Meanwhile, what makes China's emerging corporations so dangerously competitive? What could happen when China will be able to manufacture nearly everything -- computers, cars, jumbo jets, and pharmaceuticals -- that the United States and Europe can, at perhaps half the cost? How do these developments reach around the world and straight into the lives of all Americans? These are ground-shaking questions, and China, Inc. provides answers.Veteran journalist and former commodities trader Ted C. Fishman paints a vivid picture of the megatrends radiating out of China. Fishman's account begins with the burgeoning output of China's vast low-cost factories and the swelling appetite of its 1.3 billion consumers, both of which are being driven by historically unprecedented infusions of foreign capital and technological know-how. Traveling through China's frenetic landscape of growth, Fishman visits the factories, markets, streets, stores, towns, and cities where the story of Chinese capitalism is being lived by one-fifth of all humanity. Fishman also draws on interviews with Chinese, American, and European workers, managers, and executives to show how China will force all of us to make big changes in how we think about ourselves as consumers, workers, citizens, and even as parents. The result is a richly engaging work of penetrating, up-to-the-minute reportage and brilliant analysis that will forever change how readers think about America's future. "

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Title of ebook: China, Inc.: How the Rise of the Next Superpower Challenges America and the World
ISBN: 9780743284400
parent-ISBN: 9780743257527
Publisher: Scribner
Pages: 352
Published: 02-2005
Released online for download: 02-28-2005
Author of eBook: Fishman, Ted C.

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China, Inc.

How the Rise of the Next Superpower Challenges America and the World

Chapter One: Taking a Slow Boat in a Fast China

The banks of the Huangpu River running through Shanghai do not just bend. They mind-bend. For a century and a half, the currents of change coursing through modern China have been more visible from Shanghai's banks than from anywhere else. Here Western powers pushed in most aggressively in the mid-nineteenth century, and later the Japanese made their claim in 1895. The foreigners established an all-but-independent city-state to run their China trade. Western tastes mingled with China's on such a grand scale that The Bund, then Shanghai's commercial center on the west bank of the river, looked like the gleaming boulevard of a great European capital.

In the early twentieth century -- until China and the world unraveled in the 1930s -- Shanghai counted as one of the world's five most important commercial centers together with London, New York, Paris, and Tokyo. The city was also the world's second-busiest port. Its banks, housed in the imposing hodgepodge of broad European money palace ... read full excerpt from: China, Inc.: How the Rise of the Next Superpower Challenges America and the World ebook

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