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News :: International : Labor : Politics
will China go bankrupt under borderless competition, wealth, jobs, finance, trade, politics?
06 Sep 2007
Is China rising or near collapse? What is inside the Communist corruption? Discover more truth about China's communist government and its corruptive dealings against people and society.
provocative book: China and the new world order:

How Globalization, Borderless Business and Entrepreneurship are reshaping China and the world

by George Zhibin Gu, 248 pages; October 2006

Reviewed by Sinomania.com

Part reference, part musing, part insightful and timely analysis, George Zhibin Gu's latest book "China and the New World Order: How Entrepreneurship, Globalization, and Borderless Business are Reshaping China and the World" is a welcome and refreshing read among the endless new titles printed on China today.

Picking up on a focus of his previous book "China's Global Reach...," Gu goes further and identifies the chief impediment to China's latest and perhaps most difficult transition as the Chinese state itself. Gu reveals the seemingly historical inevitability of China's vast government apparatus but explains that Communist Party bureaucracy is unique in Chinese experience in the size and scope of its all-encompassing control.

In topics relative to today's readers Gu ably demonstrates through the book that changes in China come from the revived entrepreneurial instinct of the Chinese. Along with huge foreign investment China's ever-growing private sector is the outside influence that is challenging Chinese bureaucracy as never before. But while the Chinese people struggle to create a law-based society and break the bureaucracy's grip on all aspects of economic life, the Chinese state seeks an equal footing among world national powers.

"China and the New World Order" is nicely segmented into short but highly relevant chapters. As in his earlier works Gu deftly examines the pros and cons of numerous hot-button issues on China. For example he takes on the Taiwan - China knot and proposes an interesting solution, a federation or federal system as a means toward meaningful (and mutually beneficial) reunification although his federal system shares more similarity to a commonwealth in the opinion of this reviewer. Gu's look at delicate state of Japan and China relations reveals that Japan remains as apprehensive over Chinese growth and potential as it was in the past. In examining the India versus China debate Gu shows that there is far less competition (as Western press prefers to portray it) and more similarities between the two giants of Asia.

There is plenty of current information here and the detailed contents and summaries make the book a good quick reference for anyone with an interest in what's happening right now in China. And there are goodies such as a lengthy interview with Mark Mobius and a foreword by Hoover Institute fellow William Ratliff.

At one point in his analysis, Gu intriguingly compares the struggle in China to the old European church-state alliance. With that view in mind, what may be needed next and with luck what Chinese entrepreneurs may succeed in bringing is a Chinese "Glorious Revolution."

Reviews

Professor William Ratliff, Hoover Fellow at Stanford University
"Unique Guide. No one I know of has come so close to capturing
(new China's) spirit and meaning ... as Gu." .

Professor Ping Chen, Peking University and University of Texas at Austin
"Not many people have time and energy to investigate basic issues
confronting China and world. Dr. Gu is one exception." -

Winston Ma, Investment Banker and Author, Investing in China
"Essential reading for readers of whatever interests."

Contemporary History Association
"Highly insightful study on Chinese multinationals on the global
stage, as well as implications to global development." --This text refers to the Hardcover edition.

Gurus Online
"Rigorous examination on current China and global affairs by an
INSIDER."

Book Description
China is the world's number-one growth story now. But how is
it that China has achieved such quick growth in this era? How is it that
made-in-China products can flood the globe? Is a trade war going to happen?
Or is a new world order in the making? This second volume of a trilogy-by
Chinese journalist/consultant George Zhibin Gu-aims to answer these
questions and more.

Today, more than a half-million overseas companies conduct business
inside China. Learn about all the opportunities this exploding market
presents, including banking, insurance, and stock market, as well as the
yuan and trade and cross-border business issues. Moreover, it contains
extensive studies on China's political-economic reform as well as evolving
international relations.

This volume addresses eight key topics:

I. China's New Role in the World Development

II. The Yuan, Trade, and Investment

III. China's Fast-Changing Society, Politics, and Economy (in light of
Chinese and global history)

IV. China's Banking, Insurance, and Stock Market Reforms

V. Chinese Multinationals vs. Global Giants

VI. The Taiwan Issue: Current Affairs and Trends (federation as an
alternate way for unity)

VII. India vs. China: Moving Ahead at the Same Time

VIII. The Japan-China Issue: Evolving Relations in Light of History

Today, all nations increasingly rely on one another for development, a
trend that will only strengthen as time passes. As a saying goes, "The
future is being shaped today." This book will appeal to readers everywhere
regardless of their particular interests. --This text refers to the Hardcover edition.

Synopsis
Get the inside story from a Chinese journalist/consultant about China's surge under globalization and capitalism. This second volume of a trilogy covers (1) political-economic trends; (2) Chinese multinationals vs. global giants; (3) trade, the yuan, banking, insurance, and the stock market; and (4) issues with Taiwan, the West, India, and Japan.

About the Author
George Zhibin Gu, a native of Xian in central China, is a
journalist/consultant based in Guangdong, China. He obtained his education
at Nanjing University in China and Vanderbilt University and the University
of Michigan in the United States. He holds two MS degrees and a PhD from
the University of Michigan.

For the past two decades, he has been an investment banker and business
consultant with an emphasis on China. His work focuses on helping
international multinationals to invest in China and helping Chinese
companies to expand overseas. He has worked for Prudential Securities,
Lazard, and State Street Bank, among others. He generally covers mergers
and acquisitions, venture capital, business expansion, and restructuring.

The author is also a journalist on China and its relations with the
world. His articles or columns have appeared in Asia Times,
Beijing Review, The Seoul Times, Financial
Sense, Gurus Online, Money Week, Online
Opinion, Asia Venture Capital Journal, and
Sinomania, among others. He has written three other books,
China's Global Reach: Markets, Multinationals, and Globalization
(revised edition, Fultus, 2006), Made in China: National and Business
Players and Challengers in the 21st Century (English edition
forthcoming, Fall 2007; Portuguese edition, Centro Atlantico, 2005); and
China Beyond Deng: Reforms in the PRC (McFarland, 1991). He is a
member of the World Association of International Studies hosted by Stanford
University.

Amazon Reviews

The most important book I read in the last 5 years

This new book from Dr. George Zhibin Gu is a geo-economics and geopolitical masterpiece from an insider, someone that thrives his consulting work and daily life inside China, not writing or comment from a comfortable chair in London or New York paid by a western think tank, or only for academic proposals. His challenge is to write for a broad audience out of China. I must refer his clever suggestions about Taiwan - a political proposal for a a federation - and the way he sees the go global from Chinese emergent multinationals. It is needed a lot of courage for an insider to be so clear in his proposals and to identify the old Chinese problem - bureaucracy, the same that stopped admiral Cheng Ho and the Discoveries in the XV Century, that closed China for so many centuries and gave an opportunity for foreign powers to humiliate China, hyper-bureaucracy that in the Mao period pulled China for chaos and economic and social distress. China and the New World Order is a must reading. Jorge Nascimento Rodrigues, editor of http://www.gurusonline.tv and translator of Made in China (published in Portuguese language).


Is a new world order in the making?...It might just happen.

Base on the number of book in relation to this matter so far I believe that no one has come close to capturing "new China's" spirit and meaning as Gu. After reading his second volume I found it to be hugely insightful on the current events of China and global affairs. It greatly explores the key factors that shape Chinese and global development in the next stages. It gives tremendous info and analysis on the Chinese government, politics, business and economy for any one's interest.

There's a huge amount of info on foreign businesses inside China. You will be able to see about twenty five American and global multinationals inside of China that are studied. In the meantime it gives us a very provocative analysis on China's new role in the world. Gu details this general picture of how China is walking away from a practical society and embracing an open, restless and dynamic society. It claims that an overextended, self-appointed bureaucracy remains the key problem for China. To overcome countless technical barriers, greater openness, entrepreneurship and global involvement is all needed. Again, it's very insightful on the issues between China, Taiwan, Japan, India and West. I will add that his analyses on Japan-China line up are very interesting as well as Taiwan. There' a tremendous amount of info and analysis on China's financial, banking, insurance and stock market.

Author George Zhibin Gu is a very outspoken and a well known Chinese journalist who has generally covered mergers and acquisitions, capital activities, business expansion, and restructuring. He's an insider who gives us scrupulous examination on current China and global affairs which is more than a reason why you should grab hold to this book.



Insightful and Intelligent

George Gu provides a depth of understanding that distinguishes his work from most other business books. His wide network of contacts gives insight into emerging trends. He provides useful context that western authors often lack and Chinese authors frequently take for granted.


Prepare for the Dragon Market - Winston Ma, Author of "Investing in China: New Opportunities in a Transforming Stock Market

For the international investor community, "Investing in China" in the new century is more or less a one-way investment and capital flow. Mr. Gu's book, however, looks one step further to explore how all these interactions would reshape the global horizon, both for China and the rest of the world.

In fact, China's outward influence is increasingly obvious. For instance, whether China would diversify its foreign currency reserve -- and consequently whether China will enter into the gold market to hedge its US dollar exposure -- has profound implications in the global financial markets.

Comparing to many other books on China, Mr. Gu's book has a truly "authentic Chinese" flavor. The reason is obvious: He is an INSIDER. As a native Chinese, he captures the spirit of China's latest developments in its not-too-short historic context.


The most important book I read in the last 5 years
This new book from Dr. George Zhibin Gu is a geo-economics and geopolitical masterpiece from an insider, someone that thrives his consulting work and daily life inside China, not writing or comment from a comfortable chair in London or New York paid by a western think tank, or only for academic proposals. His challenge is to write for a broad audience out of China. I must refer his clever suggestions about Taiwan - a political proposal for a a federation - and the way he sees the go global from Chinese emergent multinationals. It is needed a lot of courage for an insider to be so clear in his proposals and to identify the old Chinese problem - bureaucracy, the same that stopped admiral Cheng Ho and the Discoveries in the XV Century, that closed China for so many centuries and gave an opportunity for foreign powers to humiliate China, hyper-bureaucracy that in the Mao period pulled China for chaos and economic and social distress. China and the New World Order is a must reading. Jorge Nascimento Rodrigues, editor of http://www.gurusonline.tv and translator of Made in China (published in Portuguese language).

This work is in the public domain
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