Summary of The Party

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Do you feel as if you see “Made in China” everywhere you look? Financial Times correspondent Richard McGregor explains why and more. He unveils the secrets of one of the most mysterious organizations in the world: the Chinese Communist Party. If you think a communist organization controlling a major global economy is counterintuitive, you’re probably right. But McGregor explains how it all happened – and the roles that various entities such as business, the Chinese military, and the nation’s regions and cities continue to play. Understanding how an anticapitalist, communist country became one of the world’s economic powerhouses means dealing with a cast of thousands and a dizzying array of names and roles. And time is marching forward as China’s new head of state, Xi Jinping, is now replacing Hu Jintao, the leader at the book’s center. Still, getAbstract is confident readers will come away with a better understanding of what makes China tick. This is a must-read for executives interested in doing business with China and for anyone who wants to understand the system that governs its one billion people.

About the Author

Journalist Richard McGregor writes for the Financial Times and was its bureau chief in China from 2000 to 2009.

 

Summary

A Secret World

The Chinese Communist Party (CCP) is presiding over the extraordinary conversion of China from an inward-looking, disengaged nation to one of the world’s most vibrant economic forces. Despite ruling over more than a billion people, China’s government remains shrouded in secrecy. The CCP holds no elections, but every five years it holds a congress where it presents the members of its Politburo, the ladder new leaders must ascend to reach the peak of power. Politburo member Hu Jintao [succeeded by Xi Jinping in November 2012] serves as general secretary.

The term “red machine” is a popular characterization of the CCP, which is modeled on the governance of the former Soviet Union. The CCP uses similar structures and subgroup names, such as the Central Committee, which serves as a sort of “board of directors” and selects members of the Politburo. The goals of the Politburo are to maintain the CCP’s control of “the state, the economy, the civil service, the military, police, education, social organizations and the media.” It presides over a clandestine “party system” that pulls all levers behind the “front-stage” public institutions of an executive, a national...


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