China, Inc.: How the Rise of the Next Superpower Challenges America and the World

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Simon and Schuster, Feb 28, 2005 - Business & Economics - 352 pages
The updated edition of journalist Ted C. Fishman’s bestselling explanation of how China is rapidly becoming a global industrial superpower and how the American economy is challenged by this new reality.

China today is visible everywhere—in the news, in the economic pressures battering the globe, in our workplaces, and in every trip to the store. Provocative, timely, and essential—and updated with new statistics and information—this dramatic account of China’s growing dominance as an industrial superpower by journalist Ted C. Fishman explains how the profound shift in the world economic order has occurred and why it already affects us all.

How has an enormous country once hobbled by poverty and communist ideology come to be the supercharged center of global capitalism? What does it mean that China now grows three times faster than the United States? Why do nearly all of the world’s biggest companies have large operations in China? What does the corporate march into China mean for workers left behind in America, Europe, and the rest of the world?

Meanwhile, what makes China’s emerging corporations so dangerously competitive? What will happen when China manufactures nearly everything—computers, cars, jumbo jets, and pharmaceuticals—that the United States and Europe can, at perhaps half the cost? How do these developments reach around the world and straight into all of our lives?

These are ground-shaking questions, and China, Inc. provides answers.

Veteran journalist Ted C. Fishman shows how China will force all of us to make big changes in how we think about ourselves as consumers, workers, citizens, and even as parents. The result is a richly engaging work of penetrating, up-to-the-minute reportage and brilliant analysis that will forever change how readers think about America’s future.
 

Contents

The World Shrinks as China Grows
1
Taking a Slow Boat in a Fast China
19
The Revolution Against the Communist
37
To Make 16 Billion Socks First Break the Law
53
Meet George Jetson in Beijing
77
Chairman Mao Sells Soup
123
Through the Looking Glass
137
The China Price
177
Pirate Nation
231
The ChineseAmerican Economy
253
The Chinese Century
271
One Last Story
297
notes
305
selected bibliography
321
index
329
Copyright

How the Race to the Bottom Is a Race to the Top
203

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Page x - No country has ever before made a better run at climbing every step of economic development all at once. No country plays the world economic game better than China. No other country shocks the global economic hierarchy like China.

About the author (2005)

Ted Fishman is a seasoned financial and economic journalist whose work has appeared in The New York Times Magazine, Money, Esquire, USA TODAY, and GQ. He is featured frequently on many of the world’s premiere broadcast news outlets. A Princeton graduate, Fishman is also a former floor trader and member of the Chicago Mercantile Exchange, where he ran his own derivatives arbitrage firm. He lives in Chicago.

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