China and The New World Order

Filed in archive Book review on November 2, 2006

The subject of Chinese entrepreneurship continues to resonate with global investors and especially the venture capital markets. George Gu, author, business consultant and investment banker in his latest book, China and the New World Order, brilliantly reflects on how entrepreneurship, globalization and the borderless communities are reshaping a new China.

The author received 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. Here's an informative link at Financial Sense, where Gu shares his views on China.

Gu is particularly bullish about Shenzhen's role in encouraging small business development. He writes, " Shenzhen is a haven for an estimated 350,000 small business owners, who are involved in every conceivable industry...he adds, Hong Kong is finding that it has a lot to learn from the city on its northern border. Ten years ago, Hong Kong residents might have paid the bill after dining with Shenzhen friends. Now the Shenzhen residents are likely to compete to pay-a big change."

While the Middle Kingdom has experienced several major watersheds in the past several decades, China continues to learn new lessons as a major force in the global economy. It was only a few weeks ago that the media trumpeted the record-breaking initial stock sale of China's biggest bank, Industrial & Commercial Bank of China or ICBC- the world's biggest IPO, which attracted over $350 billion of demand from global investors.

With the surge of state-owned companies wanting to tap international capital markets, the arrival of this insightful book is quite timely and a must recommended read for all China watchers.

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Rating: 8.60 out of 20 vote(s) cast.

Response from: Don (11/03/06 4:55am)

Great review, James. I read one other book by George Gu, China's global reach, which is very nice and relevant. Highly recommended.

Response from: John Price (11/07/06 9:03am)

China is the biggest consumer of 700 series BMW's and Mercedez. We need to turn aournd and be able to sell American luxery items to these wealthy consumers, not to mention the ever growing middle class. There are companies such as www.pricetranslations.net whose function is to create sites that target the Chinese consumers, it's time to flip the script and earn by selling to the Chinese. There are as many Chinese Millionares as there are Americans. Keep that in mind as we look to the future.

Response from: Tina (04/18/07 5:15am)

This book is perhaps the most insightful and informative book on global politics, economics and business in light of China's new surge and problems. Strongly recommended for anyone wishing to learn deeper things behind current global political and economic affairs. Also, huge studies on the issues of Taiwan's unity with China, China-Japan, China-West, and China-India relations. Finally, it is a great place to learn about Chinese multinationals, stock market, insurance, and banking as well as the yuan and trade issues.

Response from: Pete (02/15/09 10:33pm)

very powerful book and highly recommended. The author had predicted the global financial crisis ahead of anyone and offered very detailed reasons for the outcome A great surprise.