If you are in business for yourself or run a company, shouldn't you be reading more about China? After all it is now the second-largest economy in the world now, and it seems to be growing and it should keep on growing for quite a while. There are far too many people who are too willing to label China in a single sentence, and think they understand what China is all about - can you imagine trying to describe the USA in one-sentence? It is for this reason that I like to recommend a very good book that I think you should read, the name of the book is;
"China * INC - How the Rise of the Next Super Power Challenges America and the World," by Ted C. Fishman, Scribner Publishing, a Simon Schuster Company - MacMillian Licensed, New York, NY, 2005. (pp 342), ISBN: 0-743-5752-9.
This book is extremely eye-opening and very well written, the author writes for the New York Times Magazine, Money, Worth, USA Today, Business 2.0, and also was a trader at the Chicago Mercantile Exchange. His book takes us from Communist China to Capitalist Super Power, and talks about how it is expanding at roughly three-times the US growth rate, (approximately 10% year-over-year), and how 300 million peasant farmers left their work in agriculture to work in factories. This was the largest migration in human history from rural China to the Guangdong Province and other factory areas.
It is estimated that this cost 2.9 million jobs in manufacturing in the United States. Speaking of which I don't want to cut into Mr. Fishman's excellent book here, but I would like to recommend another very good reading;