Summary of Dealing with China
An Insider Unmasks the New Economic Superpower
Copyright 2015 by Henry M. Paulson Jr. Published by Grand Central Publishing.
The US must engage with China to maintain world peace, prosperity and pollution control.
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, and
- Why the US needs to balance cooperation and competition with China.
Comment on this summary
1 year agoLot of recycled information we are aware of....and have been for years. Just an attempt to monetize a name and position
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