Summary of Dealing with China
Copyright 2015 by Henry M. Paulson Jr. Published by Grand Central Publishing.
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- Eye Opening
Henry M. Paulson Jr. has seen the problems, possibilities and power of China firsthand. As CEO of the investment banking firm Goldman Sachs, “Hank” Paulson helped multiple state-owned Chinese enterprises sell stock for the first time. These IPOs unmasked state-owned enterprises’ odd structure; these companies resembled city-states, each providing housing, hospital care, police protection and other services to employees and their families. The process of preparing state-owned enterprise IPOs made Chinese firms more efficient as they tried to blend capitalism with Chinese socialism. The slowing pace of reform of state-owned enterprises mirrors the slowing of the Chinese economy, which may threaten the Communist Party’s dominance. getAbstract recommends Paulson’s anecdotal details, ample insight and in-depth analysis.
About the Author
A former US Treasury secretary, Henry M. Paulson Jr. is a former chief executive officer of investment banking firm Goldman Sachs and past chairman of The Nature Conservancy.
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Comment on this summary
4 years agoLot of recycled information we are aware of....and have been for years. Just an attempt to monetize a name and position