Building Wealth in China

Building Wealth in China
Author: Zhu Ling
Publisher: Crown Business
Total Pages: 322
Release: 2008
Genre: Business & Economics
ISBN: 030759162X

The editor-in-chief of China Daily profiles wealthy, cutting-edge entrepreneurs from China to reveal how they have positively influenced the economy in recent decades and where their innovations may lead.

The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success

The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success
Author: Michael Justin Lee
Publisher: McGraw Hill Professional
Total Pages: 222
Release: 2012-07-27
Genre: Business & Economics
ISBN: 0071788735

"You will put down this insightful book with a much deeper understanding of two of the more indispensable topics of the twenty-first century: China and sound financial practices." -- Jon Huntsman, Jr., U.S. Ambassador to China, 2009–2011 "This is a timely, well-researched, and tremendously important book..." -- Maurice R. Greenberg, Chairman & CEO, C.V. Starr & Co., Inc. "Michael sets out a commonsense approach to wealth and prosperity. It's a must-read." -- Philip Bullen, CFA, Group Chief Investment Officer, Fidelity Investments "Lee brings a unique combination of cultural, business, and economic insights. In compelling and clear language, he shows how Americans can engage this new reality." -- Samuel Gregg, D.Phil., Director of Research, The Acton Institute for the Study of Religion and Liberty "The more that things change, the more that making money depends on understanding those things that never change. In an immensely readable volume and with a compelling story, The Chinese Way to Wealth and Prosperity provides precisely that." -- Rabbi Daniel Lapin, Author of Thou Shall Prosper: The 10 Commandments for Making Money "Lee provides a valuable handbook for anyone wishing to understand what drives Chinese attitudes toward money." -- Dong Tao, Ph.D., Chief China Economist, Credit Suisse For centuries, the Chinese have managed to survive and thrive in virtually every part of the world. From nineteenth-century emigrants to twenty-first-century "tiger moms," they have shown remarkable resilience and determination in achieving their goals even under the most challenging of circumstances. What is the secret behind their enduring success? It's The Chinese Way to Wealth and Prosperity--a timeless combination of ancient wisdom and modern strategy that anyone can apply: Learn, then earn. Get mobile and go global. Make connections and return favors. Reduce debt and release your capital. Play financial defense. Defer gratification. Love the land. Avoid unrewarded risks. This inspiring and eminently practical guide shows you how to enrich your life, as well as enhance your fortunes. You'll discover the Chinese philosophy of "Sow early, sow often,"--reaping the rewards of consistently saving year after year. You'll learn how to honor and practice the time-tested wisdom of previous generations, keeping your priorities in check, placing a value on what matters most, and bringing prosperity into all aspects of your life. You'll find helpful charts detailing how wealth is generated using basic money-building principles very well known to the Chinese people, as well as ancient proverbs and stories that you can apply to today's economic situation. Along the way, you’ll read how distinguished individuals and major companies have thrived all over the world employing these lessons. The Chinese Way to Wealth and Prosperity offers the wisdom of the past, the keys to the present, and the road map to a strong financial future.

Anxious Wealth

Anxious Wealth
Author: John Osburg
Publisher: Stanford University Press
Total Pages: 247
Release: 2013-04-03
Genre: Social Science
ISBN: 080478535X

An ethnographic study of China’s new elites and their rarified world of debauchery and corruption: “A must have book for China studies” (Choice). This pioneering investigation reveals the private lives—and the nightlives—of the powerful entrepreneurs and managers redefining success and status in the Chinese city of Chengdu. For more than three years, anthropologist John Osburg accompanied wealthy Chinese businessmen as they courted clients, partners, and government officials. Now he invites readers along on his journey through the highly gendered world of luxury karaoke clubs, saunas, and massage parlors—places designed to cater to the desires of elite men. Within these spaces, a masculinization of business is taking place. Osburg details the complex code of behavior that governs businessmen as they go about banqueting, drinking, gambling, bribing, exchanging gifts, and obtaining sexual services. These intricate social networks play a key role in generating business, performing social status, and reconfiguring gender roles. Yet underneath the façade, many entrepreneurs feel trapped by their obligations and moral compromises in this evolving environment. Osburg examines their deep ambivalence about China’s future and their own complicity in the major issues of post-Mao Chinese society—corruption, inequality, materialism, and loss of trust.

Building Wealth in China

Building Wealth in China
Author:
Publisher: Crown Currency
Total Pages: 322
Release: 2010-04-27
Genre: Business & Economics
ISBN: 0307591638

See how thirty-six of China’s most successful and innovative entrepreneurs are creating the global economy of tomorrow. In these pages you’ll learn valuable lessons from remarkable business leaders, such as: • Zhang Yin, chairwoman of Nine Dragons Paper (Holdings) Limited, who trans- formed wastepaper into a personal fortune estimated at $3.4 billion • Lu Guanqiu, who turned a small farm-machinery workshop into China’s largest auto-parts manufacturer, with sales of $7 billion • Yan Zhaoqiang, who saw opportunity in the global energy crisis and positioned his company, TCP, to become one of the world’s major manufacturers of energy-efficient lightbulbs, with control of 70 percent of the U.S. market • Song Zhenghuan, a former math teacher who founded a company that is now the largest supplier of baby strollers in China ­­Their stories offer inspiration to the entrepreneurs of tomorrow and capture the spirit of innovation and diligence that is the hallmark of the emerging economy of China today.

The People’s Money

The People’s Money
Author: Paola Subacchi
Publisher: Columbia University Press
Total Pages: 252
Release: 2016-11-22
Genre: Business & Economics
ISBN: 0231543263

Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge? In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future.

Has China Devised a Superior Path to Wealth Creation? The Role of Secular Values

Has China Devised a Superior Path to Wealth Creation? The Role of Secular Values
Author: Charles Hampden-Turner
Publisher: Cambridge Scholars Publishing
Total Pages: 224
Release: 2021-06-21
Genre: Business & Economics
ISBN: 152757136X

The rise of China will profoundly change the world, and the rest of us now have a chance to understand how and why this is happening, or continue to moralise about this “disaster”, thought to harm our way of life. What is especially galling is that the Chinese appear better able to create wealth and value than the West. Even in the midst of political denunciations, more and more businesses are profitably engaging China. We have to face the fact that China excels at what we are supposed to admire, the peaceful creation of wealth. It even withstands the current pandemic several hundred times more successfully than we have. The answers to China’s success lie not in “communism” but in Chinese civilization and culture which is 22 centuries old and extends to most of East Asia, and has traded peacefully since Roman times. This is a book about measured business cultures, East and West, and explains, using largely Western scholarship, why China is winning and will continue to do so unless and until we wake up.

Red Roulette

Red Roulette
Author: Desmond Shum
Publisher: Simon and Schuster
Total Pages: 320
Release: 2021-09-07
Genre: Biography & Autobiography
ISBN: 1982156155

"THE BOOK CHINA DOESN'T WANT YOU TO READ."--CNN​ A riveting insider's story of how the Party and big money work in China today, by a man who, with his wife, Whitney Duan, rose to the zenith of power and wealth--and then fell out of favor. She was disappeared four years ago. News of this book led to a phone call from Whitney, proof that she's alive. As Desmond Shum was growing up impoverished in China, he vowed his life would be different. Through hard work and sheer tenacity he earned an American college degree and returned to his native country to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China's male-dominated society. Whitney and Desmond formed an effective team and, aided by relationships they formed with top members of China's Communist Party, the so-called red aristocracy, he vaulted into China's billionaire class. Soon they were developing the massive air cargo facility at Beijing International Airport, and they followed that feat with the creation of one of Beijing's premier hotels. They were dazzlingly successful, traveling in private jets, funding multi-million-dollar buildings and endowments, and purchasing expensive homes, vehicles, and art. But in 2017, their fates diverged irrevocably when Desmond, while residing overseas with his son, learned that his now ex-wife Whitney had vanished along with three coworkers. This is both Desmond's story and Whitney's, because she has not been able to tell it herself.

Building Wealth

Building Wealth
Author: Lester C. Thurow
Publisher: Harper Collins
Total Pages: 375
Release: 2000-07-03
Genre: Business & Economics
ISBN: 0887309526

There is no doubt that we are in the middle of a transition to a knowledge-based economy. Breakthrough technologies in microelectronics, biotechnology, new materials, telecommunications, robotics, and computers are fundamentally changing the game of creating wealth. While these new industries are growing explosively, existing industries such as banking and retail are being transformed beyond recognition. As a result, a new global economy is emerging to replace existing national economies. What will it take for individuals, companies, and entire countries to succeed in the new economics of the twenty-first century? Rather than focusing on spending, Lester C. Thurow argues that we must emphasize investment in basic knowledge, education, and infrastructure. Only by committing ourselves to building communal wealth can we maximize opportunities for building personal wealth as well. Building Wealth is an indispensable guide to surviving -- and thriving -- in the economies of the twenty-first century.

Fortune Makers

Fortune Makers
Author: Michael Useem
Publisher: PublicAffairs
Total Pages: 319
Release: 2017-03-14
Genre: Business & Economics
ISBN: 1610396596

Fortune Makers analyzes and brings to light the distinctive practices of business leaders who are the future of the Chinese economy. These leaders oversee not the old state-owned enterprises, but private companies that have had to invent their way forward out of the wreckage of an economy in tatters following the Cultural Revolution. Outside of brand names such as Alibaba and Lenovo, little is known, even by the Chinese themselves, about the people present at the creation of these innovative businesses. Fortune Makers provides sharp insights into their unique styles -- a distinctive blend of the entrepreneur, the street fighter, and practices developed by the Communist Party -- and their distinctive ways of leading and managing their organizations that are unlike anything the West is familiar with. When Peter Drucker published Concept of the Corporation in 1946, he revealed what made large American corporations tick. Similarly, when Japanese companies emerged as a global force in the 1980s, insightful analysts explained the practices that brought Japan's economy out of the ashes -- and what managers elsewhere could learn to compete with them. Now, based on unprecedented access, Fortune Makers allows business leaders in the United States and the rest of the West to understand the essential character and style of Chinese corporate life and its dominant players, whose businesses are the foundation of the domestic Chinese market and are now making their mark globally.