Capitalist China

Author: Jonathan R. Woetzel Australia/Australia
Publisher: John Wiley and Sons Ltd
Publication Date: 2006-09-01
Features: In Capitalist China - Strategies for a Revolutionized Economy, author Jonathan Woetzel, Director of McKinsey Company's office in Greater China and General Manager of its corporate finance practice, fully discusses the risks and opportunities created by China's development into a major economic power. Based on nearly two decades of experience, Dr. Woetzel presents industry-specific analysis sector by sector, including the high-tech and service areas. Capitalist China also includes interviews with leading multinational CEOs from companies such as Legend Computer, BP, LVMH, Orient Overseas, BHPB, Corning, and Portman Holdings, in which they share their personal experiences and insights on doing business in China. Capitalist China is a must-read for anyone doing business in China, investors entering China's financial markets, and students studying Asian or global economics.
Book Description: In Capitalist China - Strategies for a Revolutionized Economy, author Jonathan Woetzel, Director of McKinsey Company's office in Greater China and General Manager of its corporate finance practice, fully discusses the risks and opportunities created by China's development into a major economic power. Based on nearly two decades of experience, Dr. Woetzel presents industry-specific analysis sector by sector, including the high-tech and service areas. Capitalist China also includes interviews with leading multinational CEOs from companies such as Legend Computer, BP, LVMH, Orient Overseas, BHPB, Corning, and Portman Holdings, in which they share their personal experiences and insights on doing business in China. Capitalist China is a must-read for anyone doing business in China, investors entering China's financial markets, and students studying Asian or global economics.
From the Inside Flap: China is steadily emerging as the economic miracle of the 21st century. Its transition from a state-controlled to a capitalist economy has occurred at a remarkable pace. It is only twenty-five years ago that Deng Xiaoping initiated revolutionary economic reforms to open up China. The country’s unprecedented growth is nurturing a new wave of world-class companies that are beginning to make an impact on the world’s markets. But is China’s growth sustainable? And what are its implications for the world’s companies? Dr. Jonathan R. Woetzel, a Director in McKinsey Co.’s Shanghai office, provides a fact-based perspective of China’s economic revolution. While risks remain, China’s transformation from a planned to a market economy is beyond the point of no return. Competitive advantage has replaced government relationships as China’s business currency. Applying an industry-by-industry perspective, Dr. Woetzel pinpoints the important trends and opportunities affecting the key industrial and service sectors, and determines the key success factor in each. Leaders of successful local and global companies such as Legend Computer, BP, LVMH, Orient Overseas, BHPB, Corning, and Portman Holdings add their personal experience and perspectives on what it takes to win in China. They share their unique insights into the strategic factors that have driven them to invest, and describe the organizations that they have built in China. With over 150 consultants in Hong Kong, Beijing, Shanghai, and Taipei, McKinsey Co. has been the leading management consulting firm in Greater China for over two decades. Drawing on that experience, this book is an indispensable guide for business executives as well as an informative introduction to the Chinese economic phenomenon.
Synopsis: In Capitalist China - Strategies for a Revolutionized Economy, author Jonathan Woetzel, Director of McKinsey Company's office in Greater China and General Manager of its corporate finance practice, fully discusses the risks and opportunities created by China's development into a major economic power. Based on nearly two decades of experience, Dr. Woetzel presents industry-specific analysis sector by sector, including the high-tech and service areas. Capitalist China also includes interviews with leading multinational CEOs from companies such as Legend Computer, BP, LVMH, Orient Overseas, BHPB, Corning, and Portman Holdings, in which they share their personal experiences and insights on doing business in China. Capitalist China is a must-read for anyone doing business in China, investors entering China's financial markets, and students studying Asian or global economics.