CHINA, INC. HOW THE RISE OF THE NEXT SUPERPOWER CHALLENGES AMERICA AND THE WORLD
Ted C. Fishman, the author of the book, focuses on how China came to be the economic power it is today. The book tells us how a huge country that was once very poor with Communist beliefs became the center of global capitalism. It describes ways in which China's financial growth impacts our every day lives, from price pressures on small family businesses to lower prices that benefit consumers. It further implies how the financial health of the industrialized world has become more and more reliant on China.
The book starts with giving the details of how, in the beginning, the productivity of China's vast low-cost factories grew and the how the appetite of its 1.3 billion consumers increased, both of which were being driven by the technological expertise and the foreign help in terms of capital. This, in turn, helped in laying a very strong foundation for the country’s economy.
The author suggests how China will force all the countries to make big changes in the way they think almost about everything. Be it as consumers, workers, citizens, and even as parents. Fisherman observes that China will soon dominate the world in manufacturing, with U.S. and European companies moving their plants to China and that China will soon become the next superpower.