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The Wayback Machine - https://web.archive.org/all/20060325184717/http://www.whatbooks.com/2005/china_inc.php
China, Inc. : How the Rise of the Next Superpower Challenges America and the World
by Authors:
Ted C. Fishman
Hardcover Description:
China has the world's most rapidly changing large economy, and according to Ted Fishman, it is forcing the world to change along with it. "No country has ever before made a better run at climbing every step of economic development all at once," he writes, in China, Inc.: How the Rise of the Next Superpower Challenges America and the World. China is currently the largest maker of toys, clothing, and consumer electronics, and is swiftly moving up the ladder in car production, computer manufacturing, biotechnology, aerospace, telecommunications, and other sectors thanks to low-cost, high-tech factories. China is also where the world is investing. In 2004, for instance, the city of Shanghai alone attracted over $12 billion in direct foreign investment, roughly the same amount as all of Indonesia and Mexico received. In tracing China's ascendancy over the past 30 years (with annual growth of an astonishing 9.5 percent), Fishman presents a flood of facts, figures, forecasts, and anecdotes and examines the implications of this unprecedented growth for China, the U.S., and the rest of the world.
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
Average Customer Rating:
Must reading if you plan on living and surviving much longer
The book is a little slow to get into, but once you are in you cannot stop. It advances you thinking by light years. A bunch of farmers in China re-invented Capitalism. Marty Connell
The world's new business partner and competitor
The rise of China to a global power is inexorable. China Inc. is the best, up-to-date resource for studying this growing world issue. Ted Fishman covers the corners of every topic driving China's growth and what it means for the rest of the world.
The first few chapters of the book astonish the reader by putting China's massive population and economic figures into their mind-boggling perspective. Most interesting is the ambition the Chinese government has for building every aspect of China's cities into world-class centers of attraction. The book particularly examines Shanghai, which has perhaps the fastest developing areas and the most exciting night life.
China is a country where if you are one in a million, there are a thousand others like you. This is driving fierce competition among Chinese university students to be the best at their trade. In turn, China has a large crop of bright, young engineers to plan for her future. On the other hand, China's humongous supply of available manufacturing workers makes human labor less expensive than machine labor in many cases. Because labor in China comes at a low cost - from the assembly line worker to the factory's plumbing repair man - Chinese manufacturing firms are able to sell their goods to the world at an unbeatable "China Price."
China Inc. investigates with great depth all the major controversies that surround China today. A lack of intellectual property protection, questionable currency conversion policies, and even prospects for war sparked off by heated international conflicts such as Taiwan. As the book closes out, it leaves open an eerie "what if" scenario wondering about the global military force that would belong to a richer and more powerful China.
Business leaders, politicians, travelers, and even ambitious college students in the United States should read this book. A major concern addressed in China Inc. is the lack of American understanding about the rise of China and an apathy for competitiveness that will leave America left far behind in the upcoming century of global competition.
why you complain?
so you complained that chinese products are flooding the u.s. market and the world? easy, don't buy them, don't use them. why don't you blame those importers? why you go to wal-mart and other super stores? does your income could really afford not going to these stores or 99Cents stores buying cheaper goods for your family? could you really afford not doing so? we need cheap goods, because nowadays most families who claim themselves middle class in america are burdened with outrageous health insurance, car insurance, property taxes, income taxes, miscellaneous monthly payments, high gas prices. we pomped ourselves to get useud to driving 8v big suv, luxrious cars, big mortage, re-financing, remodelling your homes....so how much you left after all of these expenses? that's why you go to walmart, go to elsewhere selling cheap goods to get by. why you still want to complain? you cheapshot lying bashers. why?
you watched a stupid tv reporter ambushed a family just stepped out of walmart with a stupid question:
"hi, folks, i see you bought two bicyles made in china? why you bought them?"
"because they're so cheap, and my kids need them to ride to schools."
"but do you know how much the chinese workers in the bike factory got paid each hours? seventy five cents! and you think it's fair?"
"oh yeah? that's great! they got the jobs and we got the cheaper bikes. what's wrong with it, you moron?"
so you got the pictures? 1.5 billions people in china, 1.2 billions people in india...they all need a job, no matter how low the wages might be, at least they could make some money. without those factories, exporters, importers, they got nothing. you think $0.25 an hour is outrageously low? no, man, it's better than nothing! you complained that those factories hire underaged children to work long hours? so you would rather those kids to spend day after day in the garbage dumps trying to find some cans, plastic bottles, even food? you think those poisonus garbage dumps are healthier than the factory environment? and they could get what? $6.75 an hour? you moron! to them, even 1 cent an hour is better than nothing and to you, that's why you got the cheaper goods for your families and making you a proud father and mother! you should send 'thank you' letters to china, india and all the countries that make your life much much easier.
i just wish china could export cheaper gas to us, and that would really make my day.
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