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“China and the New World Order: How Entrepreneurship,Globalization, and Borderless Business Are Reshaping China and the World”

“China and the New World Order: How Entrepreneurship,Globalization, and Borderless Business Are Reshaping China and the World”
China is the world’s number-one growth story now. But how is it that China has achieved such quick growth in this era? How is it that made-in-China products can flood the globe? Is a trade war going to happen? Or is a new world order in the making? This second volume of a trilogy-by Chinese journalist/consultant George Zhibin Gu-aims to answer these questions and more.

Today, more than a half-million overseas companies conduct business inside China. Learn about all the opportunities this exploding market presents, including banking, insurance, and stock market, as well as the yuan and trade and cross-border business issues. Moreover, it contains extensive studies on China’s political-economic reform as well as evolving international relations.

This volume addresses eight key topics:

I. China’s New Role in the World Development
II. The Yuan, Trade, and Investment
III. China’s Fast-Changing Society, Politics, and Economy (in light of Chinese and global history)
IV. China’s Banking, Insurance, and Stock Market Reforms
V. Chinese Multinationals vs. Global Giants
VI. The Taiwan Issue: Current Affairs and Trends (federation as an alternate way for unity)
VII. India vs. China: Moving Ahead at the Same Time
VIII. The Japan-China Issue: Evolving Relations in Light of History

Today, all nations increasingly rely on one another for development, a trend that will only strengthen as time passes. As a saying goes, “The future is being shaped today.” This book will appeal to readers everywhere regardless of their particular interests.

Customer Review: China & the New World Order
China has constantly been referred to as the sleeping giant. In the last 30 years or so it has surprised many with its radical economic transformation. Having been a non-capitalist country for many years, the sudden capitalist experiment undertaking was not only the surprise but also a bold step towards economic prosperity. China has formulated a vibrant front to strengthen its manufacturing, trade and finance industries to much success. It is a great example or a good case study for an International Business class.

The impact this has or will create to the rest of the world is huge. With its vast consumption of raw materials e.g. copper, aluminum, cement & oil, other parts of the world would soon start competing for the same raw materials from other nations hence sky rocketing their prices. Just a few years ago, fleets of bicycles were visible in almost every major Chinese city. Now that has become history with many of its residents developing an appetite for automobiles. China therefore has become a marketer’s haven for selling automobiles. This is a direct result of its globalization campaign.

This campaign has come with its drawbacks. Environmental degradation has some very concerned. With its massive carbon dioxide and other industrial emissions, China is becoming one of the fastest regions to raise eye brows on issues regarding environmental protection (the US and China will atleast have something in common in that regard). With the economic growth, corruption & cronyism have cropped up. This has also lead to tension between China and the USA especially regarding the large China/USA trade deficit gap.

China is also holding a large cache of dollar reserves which it then uses to purchase US T-Bills and other investment in the US . The US in some ways has come to rely on foreign investment for its own economic growth. Just today ( 3/5/08 ), Federal regulators said that the country needs to open its gates to foreign sovereign wealth funds. They went ahead to state that these funds foster domestic growth and provide financial stability to US financial markets and US companies.

China is also flexing its muscles to other areas like Australia and Africa . Africa has been important to China because of its vast resources of raw material e.g. copper, aluminum, uranium & oil. In the next few years, this economic sleeping giant will be a great economic super-power to recon with.

Hezron Karanja, Los Angeles, CA

Customer Review: Cooking With the Iron Rice Bowl
Part reference, part musing, part insightful and timely analysis, George Zhibin Gu’s latest book “China and the New World Order: How Entrepreneurship, Globalization, and Borderless Business are Reshaping China and the World” is a welcome and refreshing read among the endless new titles printed on China today.

Picking up on a focus of his previous book “China’s Global Reach…,” Gu goes further and identifies the chief impediment to China’s latest and perhaps most difficult transition as the Chinese state itself. Gu reveals the seemingly historical inevitability of China’s vast government apparatus but explains that Communist Party bureaucracy is unique in Chinese experience in the size and scope of its all-encompassing control.

In topics relative to today’s readers Gu ably demonstrates through the book that changes in China come from the revived entrepreneurial instinct of the Chinese. Along with huge foreign investment China’s ever-growing private sector is the outside influence that is challenging Chinese bureaucracy as never before. But while the Chinese people struggle to create a law-based society and break the bureaucracy’s grip on all aspects of economic life, the Chinese state seeks an equal footing among world national powers.

“China and the New World Order” is nicely segmented into short but highly relevant chapters. As in his earlier works Gu deftly examines the pros and cons of numerous hot-button issues on China. For example he takes on the Taiwan – China knot and proposes an interesting solution, a federation or federal system as a means toward meaningful (and mutually beneficial) reunification although his federal system shares more similarity to a commonwealth in the opinion of this reviewer. Gu’s look at delicate state of Japan and China relations reveals that Japan remains as apprehensive over Chinese growth and potential as it was in the past. In examining the India versus China debate Gu shows that there is far less competition (as Western press prefers to portray it) and more similarities between the two giants of Asia.

There is plenty of current information here and the detailed contents and summaries make the book a good quick reference for anyone with an interest in what’s happening right now in China. And there are goodies such as a lengthy interview with Mark Mobius and a foreword by Hoover Institute fellow William Ratliff.

At one point in his analysis, Gu intriguingly compares the struggle in China to the old European church-state alliance. With that view in mind, what may be needed next and with luck what Chinese entrepreneurs may succeed in bringing is a Chinese “Glorious Revolution.”