China's Dance with the Foreign Devils

<p><strong>Since 1978 in China foreign direct investment has served as a driver of change that has brought the country into the modern economic world.</strong></p><p><strong><br /></strong></p><p><strong>Mao Zedong had shut out the “foreign devils”—Europeans Japanese Americans and other outsiders. He created chaos in an economy that was long on suffering but short on foreign currency technology and capital.</strong></p><p><strong><br /></strong></p><p><strong>In this detailed account Dick K. Nanto explores how foreign companies came in to </strong><strong style=font-size: 10pt;>fill the gaps in China’s economy and helped it to become a manufacturing marvel. He </strong><strong style=font-size: 10pt;>focuses on topics such as how:</strong></p><p><strong><br /></strong></p><p><strong>• Industrialization has created a socialist economy with Chinese characteristics that </strong><strong style=font-size: 10pt;>are reflected in industrial policy governmental institutions state-owned enterprises the push to climb the high-technology ladder indigenous innovation and the drive to create more national champion companies.</strong></p><p><strong><br /></strong></p><p><strong>• Chinese are investing abroad entering the home turf of multinational corporations </strong><strong style=font-size: 10pt;>and raising issues related to national security.</strong></p><p><strong><br /></strong></p><p><strong>• Foreign enterprises are now being squeezed as Beijing seeks to replace them with </strong><strong style=font-size: 10pt;>companies of its own. </strong></p><p><strong><br /></strong></p><p><strong>Businesspeople entrepreneurs international business students politicians and anyone </strong><strong style=font-size: 10pt;>interested in how things get done in China will find engaging informative and </strong><strong style=font-size: 10pt;>comprehensive information in China’s Dance with the Foreign Devils.</strong></p>