Summary of Dealing with China

An Insider Unmasks the New Economic Superpower

Twelve, more...

Buy the book

Dealing with China book summary
The US must engage with China to maintain world peace, prosperity and pollution control.

Rating

9 Overall

8 Importance

9 Innovation

9 Style

Recommendation

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.

In this summary, you will learn

  • How multiple state-owned Chinese firms sold stock in milestone public offerings
  • How the Strategic Economic Dialogue improved US-China relations
  • Why the US needs to balance cooperation and competition with China
 

Summary

A Front Seat to History
As a former CEO of investment banking firm Goldman Sachs and as US Treasury secretary, Henry M. Paulson Jr. dealt extensively with Chinese leaders. One of them, Zhu Rongji, organized the first stock exchange in China since the Communist Party came to power. Zhu...
Get the key points from this book in less than 10 minutes. Learn more about our products or log in

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.


Comment on this summary

  • Avatar
  • Avatar
    Michael Carboy 7 months ago
    Lot of recycled information we are aware of....and have been for years. Just an attempt to monetize a name and position

More on this topic

By the same author

Customers who read this summary also read

More by category