China Paradox (eBook)

At the Front Line of Economic Transformation

Paul G. Clifford (Autor)

eBook Download: EPUB

2017 | 1. Auflage
252 Seiten
De|G Press (Verlag)
978-1-5015-0721-2 (ISBN)

Infos

If your business has anything to do with China or you simply seek to understand the rise of China, you need to read this book.

In The China Paradox, business strategist and historian Dr. Paul G. Clifford uses vivid examples from his deep experience in China to lay bare the delicate and fragile balance of forces which lie at the heart of China's success. He explains how, against all the odds, the ruling Communist Party boldly led the economic reforms as the surest way to preserve their grip on power. This flourishing of China's hybrid developmental model is placed firmly in the historical context, shedding light on the legacies that thwarted earlier attempts at change and which today still threaten to render the progress unsustainable. China is taking its place on the world economic stage, displaying business acumen and innovation. But flawed political governance, coupled with the downside of breakneck growth, hampers China's ability to realize its potential and casts a shadow over its longer-term prospects. This book is for anyone who needs to understand how China competes, anyone with business or other affairs in China, and anyone involved in foreign trade will benefit from this book.

Dr. Paul G. Clifford: President, Paul G. Clifford & Associates, LLC .

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Featured as Book of the Week by The Wire China in August 2020! If your business has anything to do with China or you simply seek to understand the rise of China, you need to read this book. In The China Paradox, business strategist and historian Dr. Paul G. Clifford uses vivid examples from his deep experience in China to lay bare the delicate and fragile balance of forces which lie at the heart of China s success. He explains how, against all the odds, the ruling Communist Party boldly led the economic reforms as the surest way to preserve their grip on power. This flourishing of China s hybrid developmental model is placed firmly in the historical context, shedding light on the legacies that thwarted earlier attempts at change and which today still threaten to render the progress unsustainable. China is taking its place on the world economic stage, displaying business acumen and innovation. But China s un-reformed political governance, coupled with the challenges resulting from breakneck growth, may hamper the nation s ability to realize its potential and impact its longer-term prospects. This book is for anyone who needs to understand how China competes, anyone with business or other affairs in China, and anyone involved in foreign trade will benefit from this book. Click to read the author's article on Open Democracy: https://www.opendemocracy.net/en/oureconomy/the-us-should-not-demonize-huawei-it-should-invest-to-compete/ Click here to see a related article in the South China Morning Post: http://www.scmp.com/news/china/policies-politics/article/2134180/reform-or-no-reform-authors-clash-over-chinas-way

Autor

lt;strong>Paul G. Clifford, Non-resident Senior Fellow, Harvard Kennedy School, and President, Paul G. Clifford & Associates

Inhalt

Chapter 1: The Hybrid Model at the Heart of a Vibrant New China  1

Chapter 2: Early Attempts at Industrialization: The Empire and the

Republic  9

Chapter 3: The First Decades of the People’s Republic: The Soviet Model

… and Worse  17

The Fate of China’s Capitalists: From Ally to Enemy  18

The Dysfunctional Soviet Model Is Embraced  20

And Worse … Beyond the Soviet Model  26

The Brutal Assault on Intellectuals and Science  30

The Dead End of the Mao Years  35

Chapter 4: Wrongs Are Righted, the Reforms Take Shape  39

Setting the Boundaries of Change  46

The Initial Reforms—Limited and Tentative  47

The Reforms Go into a High Gear  51

The Reforms Lose Steam (2002 Onward)  52

China’s Economic Planning Today  53

Chapter 5: What to Do with the State-Owned Enterprises?  57

Weaning the SOEs Off the State (1978–93)  57

Central Planning Fades Away  60

Addressing Ownership and Governance (1993–2003)  62

Selling off the “Dogs”  62

Transforming the Large SOEs  64

Can SOE Culture Be Changed?  72

SOE Reform Falters (2003 Onward)  74

A New Type of SOE Shows the Way Forward  78

Chapter 6: The Private Economy Emerges Unannounced  83

TVEs—Engine for Growth as the Reforms Took Shape  84

POEs Flourish, Especially If Far from the Capital  87

Wanxiang—A Pioneering Private Company Forges Its Own

Path  88

Huawei—A Private Firm as “National Champion”  91

Private Firms Sustain the Economy  93

Chapter 7: Magnet for Foreign Investment  95

Why Did China Welcome FDI?  96

Why Has China Been so Attractive to Foreign Investors?  97

China Has Its Cake and Gets to Eat It, Too  99

Win-Win in the Auto Industry  100

Why Did China Neglect Logistics and Resist Its “Opening Up” to

FDI?  107

The Motorola Breakthrough  111

Why FDI Will Stick with China  115

Chapter 8: Business Models at the Heart of China’s Emergence  119

Model 1. Learn and Catch Up  119

Disappointment in Auto and Semiconductor  121

The Model Works Well—In Consumer Products, High-Speed Rail,

and Nuclear Power  124

Model 2. Picking off Underperforming Overseas Assets  129

Obstacles to China ODI  130

Model 3. “China, Inc.” in Emerging Markets  135

The Government/CCP  136

Financial Institutions  137

Chinese Firms  140

A Little-Known Firm from Anhui Grows in Africa  141

Transportation, Mines, and Downstream Industry  146

How to Assess the China, Inc. Business Model in Emerging

Markets  148

Model 4. Novel Product or Technology Breakthrough  149

Implications for the Emergence of Chinese Firms on the Global

Stage?  153

Chapter 9: What Could Disrupt or Sustain the China Paradox?  155

Peace, Stability and the CCP  155

The CCP Has Survived and Adapted  156

How Well Is the CCP Functioning Today?  157

The CCP Is Embedded in Businesses  159

China’s Fault Lines and Tensions  161

The CCP and China’s Future  161

The Rule of Law  166

Culture, Education, and Civil Society  168

A Cocktail of Confucianism and Leninism  169

Anything Goes, as the Market Latches onto Newfound

Freedoms  170

Corruption, Moral Turpitude, and Social Alienation  171

Education Falls Short  173

Business Education Flourishes  175

Economic and Financial Stability  175

Confronting the Environmental Crisis  179

The Mega Domestic Market  181

Gleaming New Ground Transportation Infrastructure  181

Government-Sponsored Research and Development  182

The Mobile Handset Example  186

China’s R&D Results Are Patchy  188

Connecting with the Consumer  190

Prospects of Deepening Economic Reform?  192

Chapter 10: Conclusion  197

Endnotes  207

Index  219

Rezensionen

lt;P>Prof. David Shambaugh, George Washington University:

"In this first-hand account based on years of working in China, Paul Clifford takes the reader deep inside the belly of the beast--China's industrial economy state-owned enterprise system. This well-written and engrossing inside account should be read by all China watchers."

Prof. Peter Nolan, University of Cambridge:

Dr. Clifford is a scholar with a deep knowledge of Chinese history and culture, who entered the business world at a time of dramatic change in China's political economy. His rich business experience in China across a range of industrial sectors combined with his deep scholarly understanding make this a uniquely insightful book. The insights are far more original and interesting than those of other studies in this field.

Prof. Edward S. Steinfeld, Brown University:

"The China Paradox, while offering an important framing narrative for understanding China’s developmental trajectory, explains that narrative through fascinating firm-level examples and case-studies, ones that alone make the book an essential read for anybody trying to understand contemporary China. 　The China Paradox　introduces fresh perspectives just when such new thinking — given the turbulent nature of our present moment globally — is most urgently needed."

Prof. Anthony Saich, Harvard University:

"Clifford’s decades of engagement with China allows him to present the reader with a deeper understanding of the contradictory forces that have made the China of today. Can The China Paradox persist? His sobering analysis of the pros and cons make this a book worth reading for anyone with an interest in China’s future trajectory and its potential impact on the world."

Produkt-Details

• Erscheint lt. Verlag: 23.10.2017
• Zusatzinfo: 10 b/w ill., 2 b/w tbl.
• Verlagsort: Boston
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Freizeit / Hobby ► Sammeln / Sammlerkataloge
• Themenwelt: Sachbuch/Ratgeber ► Geschichte / Politik ► Politik / Gesellschaft
• Themenwelt: Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
• Schlagworte: CCP • chinese famine • Chinese Trade • Cultural revolution • Deng Xiaoping • Five Year Plan • Gang of Four • Great Leap Forward • MAO
• ISBN-10: 1-5015-0721-4 / 1501507214
• ISBN-13: 978-1-5015-0721-2 / 9781501507212