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The China Paradox

At the Front Line of Economic Transformation

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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 here to see a related article in the South China Morning Post:

Rezension
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."
Portrait
Paul G. Clifford, Non-resident Senior Fellow, Harvard Kennedy School, and President, Paul G. Clifford & Associates
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  • 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

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Beschreibung

Produktdetails

Einband Taschenbuch
Seitenzahl 236
Erscheinungsdatum 23.10.2017
Sprache Englisch
ISBN 978-1-5015-1574-3
Reihe De|G Press
Verlag DeGruyter Boston
Maße (L/B/H) 23.6/15.6/1.6 cm
Gewicht 439 g
Abbildungen 10 Schwarz-Weiß- Abbildungen, 2 Schwarz-Weiß- Tabellen
Auflage 1
Buch (Taschenbuch, Englisch)
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