China - The Global Business Black Hole
Why China of all the nations in the world? This was the thought that I had when I first started reading the book, China Inc. But as I proceeded reading, I began to realize how the country has turned into an emerging superpower, an industrial and corporate black hole which is steadily absorbing the global market.
The book initially starts of by giving us the current picture of how China is entering the business world and how it is turning out to be the hub of the business world from manufacturing socks and furniture to automobile. The book then tells us in the subsequent chapters as to how China’s infrastructure is one of its strength and how the communist ideology was overcome to make the private sector a mainstay in China. There is extensive research that has gone into the book which is evident when the writer even talks about how the number of women involved in the work force turns out to be more than the men and how this influences the sex industry in China. Throughout the book the writer talks about two important factors that is the main reason for China to be an emerging superpower – population and inexpensive labor. The low manufacturing costs and the huge market that is being served, make China the place where the entire global business converges. The book also examines how the manufacturing jobs in the US are getting burnt because of the price factor in China. The manufacturing scenario in China is such that the price factor will make it the manufacturing hub of the world not just for the present but for the future too.
With improvement in quality also being done in China (which was an issue in some products), the country which once was suffering from poverty and hunger is all set to be the base and hub for the international business world. This book serves a warning to not only the US companies but also companies around the world which will have to eventually make China their friend in business if they need to survive.