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The China Strategy: Harnessing the Power of the World's Fastest-Growing Economy

Book Description

No major enterprise or financial institution can avoid doing business with China—if not directly, then through myriad hidden connections. Global businesses either use Chinese resources or sell to and in China or compete with companies that do.

Because there’s no avoiding China, business leaders need a framework that orders the different (and seemingly contradictory) streams of data that hint at its future. That framework is The China Strategy.

In this invaluable book, Edward Tse explains the ever-changing nature of China's business environment, its increasingly complex relationship with the rest of the world, and the global business implications—not just for our current environment but for the next decade.

Change, Tse argues, is taking place in non-linearly. Some dimensions (like Chinese entrepreneurship) are expanding exponentially, while others (like the value of China's labor arbitrage) may be reaching a plateau. Eschewing easy explanations, Tse shows how to build and execute a global business strategy in light of these changes, offering practical advice amidst a sea of simple books that offer too-quick solutions.

In a world in which a successful business strategy means a successful China strategy, this book is uniquely positioned to help business leaders navigate the “country that cannot be ignored.”

Table of Contents

  1. Title Page
  2. Dedication
  3. CHAPTER 1 - The Country That Cannot Be Ignored
    1. Scale and Intensity
    2. A Decade of Difference
    3. A Very New and Old Nation
    4. The Four Drivers of China’s Economy
    5. Developing Your Own Strategy
    6. My Own Story
  4. CHAPTER 2 - Open China
    1. Anatomy of an Open Market
    2. The Sources of Openness
    3. 1. Openness to Outsiders
    4. 2. Regional Markets
    5. 3. Improved Distribution
    6. 4. Consumer Culture
  5. CHAPTER 3 - Entrepreneurial China
    1. Product Market Freedom
    2. Three Types of Companies
    3. 1. Publicly Owned Companies
    4. 2. Private Sector Companies
    5. 3. Foreign Companies
    6. The Context of Investment
    7. The Foreign Response: Value-Chain Migration
    8. The Chinese Response: New Ways of Innovation
    9. The Future of Entrepreneurial China
  6. CHAPTER 4 - Official China
    1. Anatomy of a Political Agenda
    2. Three Decisions That Shaped China
    3. Engaging with Official China
    4. The Future of Official China
  7. CHAPTER 5 - One World
    1. Two-Way Globalization
    2. The China-Enabled Global Company
    3. The Future of Foreign Investment
    4. The Chinese One World Company
    5. Globalization in Pursuit of Stability
  8. CHAPTER 6 - Vision
    1. The Components of a Chinese Strategy
    2. Where You Are
    3. Where You Want to Go
    4. What Might Happen Along the Way
    5. Making the Transition to Being a One World Company
  9. CHAPTER 7 - Versatility
    1. 1. Mental Fluidity and Resilience
    2. 2. Speed of Action and Organizational Nimbleness
    3. 3. Coordination of Operations Among Markets
    4. 4. Constant Monitoring of New Developments
    5. 5. Managing Human Capital
    6. 6. Establishing and Maintaining Relationships in China
    7. 7. Running Janus-Faced Operations
    8. The Effective Executive in China
  10. CHAPTER 8 - Vigilance
    1. Stable Momentum
    2. The Aftermath of Economic Crisis
    3. Factors and Trends
    4. China and the World
    5. China As a Game Changer
    6. Vigilant Leaders
  11. EPILOGUE
  12. NOTES
  13. Acknowledgements
  14. INDEX
  15. Copyright Page