CHINAMERICA: The Uneasy Partnership that Will Change the World
Language: English
Pages: 304
ISBN: 0071742425
Format: PDF / Kindle (mobi) / ePub
Praise for ChinAmerica
“A must-read for anyone seeking to understand the emergence of China as a major industrial power and how profoundly it is changing the world economy.” ―Dr. Henry Kressel, author of Competing for the Future: How Digital Innovations Are Changing the World
“This book is essential reading for business leaders and observers everywhere as this dramatic shift of economic and political power from the West to China continues.” ―Ray Bingham, chairman, Flextronics International
“ChinAmerica provides extremely in-depth visibility into the interactions and interdependency of China and the United States. I believe everyone who takes the time to read it will learn of the many challenges and opportunities that exist for both China and the United States.” ―Richard Kulle, president and CEO, gEM Services, Inc.
“Handel Jones lays out concisely what China is doing right and the United States is doing wrong. This is a wake-up call because China today is the most serious economic competitor that the United States has ever faced. This book should be required reading for all U.S. politicians and business leaders.” ―Wilfred J. Corrigan, founder, chairman, and CEO (retired), LSI Logic Corp.
Conventional wisdom pits China against the United States in a war for economic supremacy. However, in ChinAmerica, Handel Jones, one of the leading experts on China's industrial and economic emergence, demonstrates that the wave of the future is cooperation between the two titans, not conflict-and how America will benefit from increased economic engagement and competition with China.
To some, conflict between China and the United States appears to be both imminent and unavoidable (indeed, in some eyes, the battle has already begun). But this perspective badly overlooks one vital fact: both nations have no choice other than to act in their mutual interest. Focusing on several key areas of conflict and mutual interest, Jones gives a thorough and eye-opening portrait of the policies, history, and habits that have led to the intersecting fortunes of the two superpowers. Jones also outlines actions the United States must take to hold on to its leadership role by forging equilibrium with China that's based on mutual respect and dependence.
As Jones makes clear, the contrast between the two powers couldn't be more startling: while China is amassing through trade nearly one-fourth of the world's foreign exchange reserves (nearly three-fourths of that amount in USD), the United States excels mostly as a consumer of finished goods, with Americans unconcerned about debt and other consequences of living beyond their means. China subsidizes development of more efficient manufacturing techniques, and in response America threatens protectionist barriers. Developments such as these, however, don't necessarily put the nations on a collision course. To Jones, these facts point to a very real opportunity for Chinese and American governments and businesses to work together rather than be separated by economic tensions.
Filled with cogent analysis and expert advice, ChinAmerica is the most comprehensive look yet at the interdependency of the world's two leading powers. This is a book that will change minds about Sino-American relations.
Handel Jones is the founder, owner, and CEO of International Business Strategies, Inc., a market and strategy consulting and analysis company whose client list includes IBM, Nokia, Samsung, Sony, Toshiba, TSMC, and China Resources. He has been involved with Chinese governments and state-owned and private businesses for more than 30 years, and he is one of the leading experts in directing international business investment in China and Chinese corporate investment/expansion overseas. He lives in Los Gatos, California.
“Handel Jones lays out concisely what China is doing right and the United States is doing wrong. This is a wake-up call because China today is the most serious economic competitor that the United States has ever faced. This book should be required reading for all U.S. politicians and business leaders.” ―Wilfred J. Corrigan, founder, chairman, and CEO (retired), LSI Logic Corp.
137–138, 174 China Mobile, 137, 171–173, 176, 177, 185 China National Chemical Corporation (ChemChina), 244 Chinalco, 243–244 Chip sets, 222 Chrysler, 32, 37, 40–41, 43 Cisco, 60, 240 Clearwire, 65 Clinton, Bill, 76 CNPC, 244 Coal, 155 Cohesive society, 250–251 Cold War, 97 Communications infrastructure, 256–257. See also Wireless communications Compensation, 31 Computer industry, 51–73 China, 183–185 components, 56–57 contract manufacturers, 55 flat-panel displays, 56 hard
States, the trade balance value of data networking and storage devices is low. Many critics say it is impossible for manufacturers in developed countries to compete against firms in lower-wage areas. But there are ways for manufacturers to do so. For example, camera, printer, copier, and scanner maker Canon of Japan is an example of a company’s taking the automation approach. It has a high global market share in digital cameras, camcorders, and copy machines. Canon has a strong CEO who is
of the Coca-Cola company’s bid to buy a Chinese fruit beverage company.2 Having a strong military can be advantageous in protecting supply chains for raw materials, but the most important factors are political and financial power. It is clear that China is building up its political power base. The United States and China are the largest consumers of raw materials, but there will also be demand from Europe, Japan, India, and other regions. It’s likely that future conflicts between the United
Taiwan. But China still poses a threat to Taiwan in that China may try to annex Taiwan on terms that Taiwan would consider unacceptable. This threat puts Taiwan in a delicate position. It knows that China has plans to absorb it, and the clock is ticking, even if no Chinese leader conspicuously looks at his or her watch in front of the Taiwanese. If China does not annex Taiwan, China’s top politicians will lose face. Yet, if China rushes reunification, or seeks to do it in a way that antagonizes
rejected the Chinalco offer, which caused strong resentment in China. It is, however, likely that Chinese companies will continue to acquire a wide range of mineral resources. • Engaging in a full-court press to obtain access to oil and gas: An example is China’s support for CNPC to buy a portion of Suncor Energy/Petro-Canada. CNPC also bought PetroKazakhstan (PK) for $4.18 billion6 in cash in 2005, which accounts for 16 percent of the oil output of Kazakhstan. CNPC is also trying to buy oil