China Inc.

China Inc.

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Fishman, Ted C. Charles Scribner's Sons, 2005
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IN THIS SUMMARY

Propelled by the world's most rapidly changing, super-sized economy, China has begun to influence the daily lives of consumers, workers, citizens, and even parents, worldwide. China Inc. paints a vividly detailed, timely, and essential picture of the growing dominance of this industrial superpower. It explains how China, once fettered by Communist ideology and poverty has pulled itself into the center of global capitalism with warp speed. It analyzes why the words "Made in China" are as ubiquitous as money. It examines how China as moved up the technological ladder to become the world's largest maker of consumer electronics. And, it describes how the country is positioning itself for ever-higher levels of industrialization, moving rapidly and expertly into biotech and computer manufacturing. Fishman's purpose is to report, with up-to-the minute, penetrating detail, what is really happening in China so that Americans and the rest of the world can see beyond the global media's news-byte coverage, which often reflects more illusion than hard reality. Yes, many may be fully aware of the amazing stories: China's new fads, its consumerism of everything from Sony electronics to Hermès scarves and "adult" products, and the many ways that investors, with one phone call or click of the mouse, might take advantage of China, the novel hot commodity. And, yes, who doesn't recognize global basketball star, Yao Ming? China Inc. goes beyond these facile representations, which are the mere effects of a virtual thicket of dichotomous causes, and brings the reader into close contact with the a priori forces of change, in all their painful complexity. From the first page to the last, one is perpetually staggered (sometimes even to consternation) by just how much sway China holds over every conceivable aspect of life on this planet. As Fishman notes, few working Americans have anywhere near a full awareness of China's obvious impact, let alone its subtleties. His work helps spark at least a glimmer of awareness by providing the invaluable service of apprising all working Americans of exactly what is currently emerging in China "worker by worker, factory by factory and why it will affect everyone." It is definitely an explanation that will change everyone's one-dimensional perspectives on the possible future and on the fact that "How China's scale and relative wealth play out in the future truly beggars today's understanding." Fishman's framing of this dilemma will confront readers from the executive suite to the shop floor, with the most essential questions about preparing for, and managing, the inevitable, seismic challenges stirred by China's new revolution.