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The China Paradox

At the Front Line of Economic Transformation

Paul G. Clifford

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Beschreibung

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."

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

Produktdetails

Einband Taschenbuch
Seitenzahl 252
Erscheinungsdatum 23.10.2017
Sprache Englisch
ISBN 978-1-5015-1574-3
Reihe De|G Press
Verlag Walter de Gruyter
Maße (L/B/H) 23.6/15.6/1.6 cm
Gewicht 380 g
Abbildungen 10 Schwarz-Weiß- Abbildungen, 2 Schwarz-Weiß- Tabellen
Auflage 1

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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