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News
and Reviews
“An excellent portrait of the biggest change in the world
economy since WWII. It should be required reading for every U.S. entrepreneur.
I am going to make my whole staff read it.”
—John Koten, Inc Magazine
“China, Inc. is the amazing story of how the slumbering Red giant woke
up and, at warp speed, transformed itself into the greatest superpower of the
very near future -- with the biggest, tallest, longest, and fastest of just about
everything there is. Fishman will forever change your view not just of China's
place in the world -- but of America's as well.”
—Craig Unger, author of House of Bush, House of Saud
Christian Science Monitor
March 22, 2005
BY TODD CROWELL
Not your father’s China trade
The most populous country in the world is redefining the rules in the global
manufacturing game
In the final analysis, it comes down to people, millions and millions of people
- 1.3 billion people by the official count, unofficially probably closer to 1.5
billion people. “First and foremost, [China’s] huge population changes
the fundamental rules,” says Ted C. Fishman, the author of “China
Inc.”"These millions are drawn to factory towns nobody in America has heard
of that are larger than Chicago. These towns have become the new Ruhr Valley,
the new Pittsburgh-Detroit, soon perhaps the new Silicon Valley. Three shoe factories
in the city of Dongguan alone employ a quarter of a million workers.
Read
more >>
Rocky Mountain News
March 19, 2005
BY LINDA SEEBACH
Chinese flee countryside for cities’ greater
promise
In his new book China Inc. Ted
Fishman explores the consequences of what he calls “the largest migration
in human history”- the hundreds of millions of people from rural
China flooding into the cities, and not incidentally away from subsistence
farming and into the global economy.
Read
more >>
NEW YORK TIMES
SATURDAY, MARCH 12, 2005
BY WILLIAM GRIMES
If the 20th was the American century, then the 21st belongs to China. It’s
that simple, Ted C. Fishman says, and anyone who doubts it should take his whirlwind
tour of the world’s fastest-developing economy.
The numbers are staggering. From 1982 through 2002, the U.S. economy grew at
an annual rate of 3.3 percent, he writes, well above average for the world’s
most prosperous nations. China’s grew at an annual rate of 9.5 percent,
meaning it “doubled nearly three times over,” in the generation
since market reforms were introduced.
Read
more >>
BARRON’S
March 7, 2005
BY SUSAN WITTY
THE NEW KID ON THE BLOCK may be growing up too fast. Warnings about the
downside of China’s
galloping economic growth and its increasing impact on the global balance of
power have begun bleeding through the happy talk about its vast market, its
endless supply of lowest-wage workers, and the unbeatable bargains it delivers
to U.S. consumers.
Read
more >>
All Things Considered
February 12, 2005
BY JENNIFER LUDDEN
Author Ted C. Fishman says American consumers have saved far more by purchasing
cheap Chinese-made goods than they have from Bush administration tax cuts.
Fishman's new book is China, Inc.: How the Rise of the Next Superpower Affects America
and the World. Listen
to the story >>
St. Petersburg Times
February 6, 2005
BY KRIS HUNDLEY
If
you've seen the price of DVD players go down and the price of gasoline go
up, you have been affected by the biggest economic revolution of our time:
China. Read
more >>
New City Chicago
January 25, 2005
BY
BRIAN HIEGGELKE
The sleeping giant is awake and shaking the world's foundations. In Ted C. Fishman's captivating new
book, "China, Inc.--How the Rise of the Next Superpower Challenges America
and the World," the Chicago journalist paints a detailed and astonishing
portrait of the economic awakening of the world's most populous country. Read
more >>
Chicago Sun-Times
January 24, 2005
BY PHILIP C. ADAMS
China, Inc.: How the Rise of the Next Superpower Challenges
America and the World is a must-read for American business people who operate
in, buy from or compete with China… journalist Ted C. Fishman presents a first-rate
read about how China came to be the economic power it is today. But he stops
short of predicting whether China's newfound success as a world economic power
will continue unabated or whether its economy will stall as Japan’s did
in the 1990s. The question is worth contemplating, and the value of China,
Inc. is that it gives the reader the raw information necessary to reach one's
own conclusion. Read
more >>
Kirkus Reviews
January 2005
Will China soon own the world? Perhaps. “The opportunities now in China
are too big to miss,” writes business journalist Fishman in his timely
look at the Pacific Rim's most powerful economic tiger. The national economy
is expanding at annual rates (officially, 9.5 percent) that seem scarcely imaginable
and scarcely sustainable. The impetus behind that growth is simple, the author
notes: With a population of somewhere between 1.3 and 1.5 billion, the number
of new businesses launched in the last generation exceeds 120 million, while
the number of workers who have left the countryside to work in the cities exceeds
the entire US workforce. China’s growth is without equal in modern history,
Fishman argues, and it has disturbing implications for workers in the US and
Europe. China is not only capturing more and more of the world’s market
share in consumer goods, it’s making increasing inroads into the more significant
trade in “the infinite number and variety of components that make up everything
else that is made,” from gaskets to bolts to computer chips. Yet another
great economic engine is small business; hundreds of millions of small concerns
are on hand in China to provide whatever the market is calling for-never mind
that those goods are so often cheap and of low quality. (Where, after all, would
WalMart be without China?) Fishman is a little alarmed by China’s growth,
but also ready to comfort readers with the prospect of ever-falling prices thanks
to its abundant low-wage labor pool. He is more alarmed, however, at a seeming
codependency that is emerging, in which Americans buy Chinese goods with money
that is in essence on loan from China. “The United States,” he warns,
“cannot takeon ever-bigger debt and amass huge trade deficits indefinitely.” A
thought-provoking and accessible forecast of strange times to come.
Publishers Weekly
January 17, 2005
A lively, fact-packed account of China’s spectacular, 30-year transformation
from economic shambles following Mao’s Cultural Revolution to burgeoning
market superpower, this book offers a torrent of statistics, case studies and
anecdotes to tell a… worrisome story succinctly. Read
more >>