Khalid IBEN YAICH

Veteran journalist and former commodities trader Ted C. Fishman is certain that China is destined to become the next superpower. Which is not surprising when we know that in 2003, China "bought 7 percent of the world's oil, a quarter of all aluminum and steel, nearly a third of the world's iron ore and coal, and 40 percent of the world's cement," and was the world's leader in attracting direct foreign investment. The same China that few decades ago was hobbled by poverty and Communist ideology.
To explain how China became a supercharged center of global capitalism after the fall of communism, Fishman tackles the multiple aspects of the Chinese market development, from the sock and ramen business to the Shanghai sex business and the automobile manufacturing. The Book China Inc. covers the everlasting communist marks, the outsourcing debate, Taiwanese independence, and some other hot issues like the commercial counterfeiting laws and compliance, the exaggerated low value of Chinese currency, and the Chinese educational system.
Fishman explains how the exponentially increasing Chinese manufacturing steamroller benefits from the notorious “low cost” advantage, and the impact of having 1.3 billion of cheap workforce and avid customers. The vicious circle is completed by the historically unprecedented infusions of foreign capital and technological know-how. This circle is a tornado that, by approaching the hi-tech industry, becomes a serious threat to the traditional world powers (USA, Europe and Japan) and forces them all to make big changes.