DEALING WITH CHINA takes the reader behind closed doors to witness the creation and evolution and future of China’s state-controlled capitalism.
Hank Paulson has dealt with China unlike any other foreigner. As head of Goldman Sachs, Paulson had a pivotal role in opening up China to private enterprise. Then, as Treasury secretary, he created the Strategic Economic Dialogue with what is now the world’s second-largest economy. He negotiated with China on needed economic reforms, while safeguarding the teetering U.S. financial system. Over his career, Paulson has worked with scores of top Chinese leaders, including Xi Jinping, China’s most powerful man in decades.
In DEALING WITH CHINA, Paulson draws on his unprecedented access to modern China’s political and business elite, including its three most recent heads of state, to answer several key questions:
How did China become an economic superpower so quickly?How does business really get done there?What are the best ways for Western business and political leaders to work with, compete with, and benefit from China?How can the U.S. negotiate with and influence China given its authoritarian rule, its massive environmental concerns, and its huge population’s unrelenting demands for economic growth and security?Written in the same anecdote-rich, page-turning style as Paulson’s bestselling memoir, On the Brink, DEALING WITH CHINA is certain to become the classic and definitive examination of how to engage China’s leaders as they build their economic superpower.
Kiss and don’t tell Hank Paulson’s two decades of negotiations with China have left him with a wealth of anecdotes, presumably a sizeable stack of air miles and a new book, “Dealing With China”. Paulson shows himself a master of two rules of doing business in the People’s Republic: cultivate contacts like crazy, and know when to leave the killer details unspoken.
Boring – Not Worth Reading Paulson claims the book was written to address concerns Americans have about China. It’s actually an elongated summary of Paulson’s dealings with high-level Chinese, encased within the usual Western ideology about how China now needs to become more market oriented and democratic, and spiced up with short summaries of recent Chinese history that anyone halfway aware of China already knows. (Example: Paulson glosses over free trade losses by asserting that most losses were due to automation -…
A fascinating guide to today’s China This is an indispensable guide for anyone who has to deal with China or wants to understand its transition into the modern world. Former Treasury Secretary Hank Paulson begins his tale in 1997 when he was at Goldman Sachs and met with Zhu Rongji to begin the process of a public offering of China’s telephone system. He takes us through his dealings with a colorful array of subsequent leaders culminating with Xi Jingping.