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Summary: As China goes, so goes the world?
Comment: Kynge recounts the rise of China as an economic and resource-sucking giant on the world scene in the last 20 years. The story, as usual with China and its 1.3 billion people, hinges on the massive markets and demand that even fractions of that enormity can generate.
The good news is that the shift of manufacturing to China, with its extremely (and artificially, Kynge points out) low production costs, has resulted in a flood of cheaper goods in the US and Europe, and that China has been buying billions of US treasury notes which of kept mortgage rates low. The bad news is these trends may not be sustainable, that any manufacturing still outside of China may be completely sucked into the Eastern giant, and that world resource demand (oil, steel, water, environment as a resource) by the Chinese giant may suck the world dry and create massive price and allocation problems.
Whether the reader is optimistic or pessimistic, in either case it is a troubled future, as the subtitle says, that awaits.
Customer Rating:
Summary: A Startling Preview of the Emerging China
Comment: China Shakes the World is a well documented panorama of what China is moving to be in the near future. Yet the author writes in a spirit that is as entertaining in its irony as it is instructive. He uses statistics, particularly, that rock the reader, i.e., the number of young Chinese girls who commit suicide each day out of sheer hopelessness. (500+) Many of his figures demonstrate the impact of the sheer size of China's population, now more than 1.3 billion.
I recommend China Shakes the World as a resource book to keep on hand, a program of events that is already unfolding whether we in the West like it or not.
Customer Rating:
Summary: Great Book On China's Economic Miracle
Comment: The book is not difficult and it is not complex, but it is dense in the sense it is packed with so much insight and value. I started out putting post-its on the pages I thought I would want to refer to again later, but had to stop when it became clear I was "post-itting" (if that is not a word, it certainly should be) just about every other page.
This book is unsurpassed in analyzing China's impact on the world. Through real world examples, it captures just how different China is in its business conduct just how strange a trading partner China is, and how it resembles no other great power. Kynge beautifully weaves China's contradictions into a tapestry that allows us to understand it, as best as is possible.
Though this book is in many ways a "big-think" book, it is nonetheless absolutely relevant to those doing business in or with China. It provides the best macroeconomic analysis of China I have yet seen and, by doing so, it provides invaluable knowledge of how to adjust/position your business to compete.
Customer Rating:
Summary: great book
Comment: Must-read if you want to learn more about China's recent economic growth. Kynge's anecdotal style really brings home the reality of China's economic boom that you only hear in the abstract in the US media.
Customer Rating:
Summary: Good perspective on China in relation to the world
Comment: Writing this in 2008, May, I have to say that I enjoyed the book, it left me with an idea of China's position in the world, but also on how few I know about such a great and big country. It states facts, and very little opinions, and some of the facts are individual stories from which you have to draw your own conclusions.
Anyway, as a big country, I finish the book feeling the need to read and know way more about China, geography, history, different peoples; but if books sizes relate to the country size and history, we may talk thousands of pages!
The book suffer the couple of years since the edition, and one misses more actual stories and references to recent news.
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