Dealing with China: An Insider Unmasks the New Economic Superpower

Dealing with China: An Insider Unmasks the New Economic Superpower

Henry M. Paulson, Michael Carroll

Language: English

Pages: 354

ISBN: 2:00284458

Format: PDF / Kindle (mobi) / ePub

DEALING WITH CHINA takes the reader behind closed doors to witness the creation and evolution and future of China's state-controlled capitalism.

Hank Paulson has dealt with China unlike any other foreigner. As head of Goldman Sachs, Paulson had a pivotal role in opening up China to private enterprise. Then, as Treasury secretary, he created the Strategic Economic Dialogue with what is now the world's second-largest economy. He negotiated with China on needed economic reforms, while safeguarding the teetering U.S. financial system. Over his career, Paulson has worked with scores of top Chinese leaders, including Xi Jinping, China's most powerful man in decades.
In DEALING WITH CHINA, Paulson draws on his unprecedented access to modern China's political and business elite, including its three most recent heads of state, to answer several key questions:

•How did China become an economic superpower so quickly?
•How does business really get done there?
•What are the best ways for Western business and political leaders to work with, compete with, and benefit from China?
•How can the U.S. negotiate with and influence China given its authoritarian rule, its massive environmental concerns, and its huge population's unrelenting demands for economic growth and security?

Written in the same anecdote-rich, page-turning style as Paulson's bestselling memoir, On the Brink, DEALING WITH CHINA is certain to become the classic and definitive examination of how to engage China's leaders as they build their economic superpower.












would embrace the SED approach, while broadening it to include foreign policy and national security as the renamed Strategic and Economic Dialogue. In November 2014, building on the platform of the Ten-Year Framework, the U.S. and China reached a breakthrough agreement to limit greenhouse gas emissions, fulfilling my vision of increased collaboration to combat climate change. I learned something else as a young investment banker: never take no for an answer. You almost never got what you asked

magazine in 2014 by Harvard University, researchers indicated that Chinese censors were more likely, for example, to delete discussions of mass protests and other forms of collective actions than posts that criticized senior leaders and the government for their policies. Allowing the latter could be seen as a way to get a read on popular opinion. Technological advances like social media have concerned China’s leaders for some time. The first microblogs, known in Chinese as weibo, were shut down

children and four grandchildren. Also by Henry M. Paulson, Jr. On the Brink: Inside the Race to Stop the Collapse of the Global Financial System Thank you for buying this ebook, published by Hachette Digital. To receive special offers, bonus content, and news about our latest ebooks and apps, sign up for our newsletters. Sign Up Or visit us at Contents Cover Title Page Welcome Dedication Map of China Preface Part One: Banking on Reform Chapter One: At the

TNC members and staff spent several days hiking, camping, and meeting with government officials in the areas TNC sought to protect. But it would be more than four years before I would make it to Yunnan myself. There were encouraging developments. The Yunnan provincial government signed an agreement with TNC to start the Great Rivers Project, and more broadly, Beijing began to pay greater attention to environmental issues. In 1998 it created the State Environmental Protection Administration

Protection Administration chief Xie Zhenhua, a Tsinghua-trained engineer who’d spent much of his career in the thankless work of fighting for China’s environment while serving in the haphazard bureaucracy that predated SEPA. (In 2006 Xie was appointed to serve as China’s chief climate change negotiator.) Also attending were Yunnan governor Xu Rongkai and Zhou Xiaochuan. President Jiang looked as relaxed and friendly as ever, sporting a well-cut dark suit and his trademark square black-rimmed

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