Managing the China Challenge: How to Achieve Corporate Success in the People's Republic Review

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Managing the China Challenge: How to Achieve Corporate Success in the People's Republic ReviewThe speed and scope of China's economic growth are transforming the global landscape of power and resource distribution. China's booming economy presents opportunities for multinational corporations (MNCs) with a good understanding of the rules of China's business world to reap large benefits. In his new book Managing the China Challenge: How to Achieve Corporate Success in the People's Republic, eminent China scholar Kenneth G. Lieberthal draws on his deep understanding of China's economic and political systems to explain the strategies that MNCs should employ to succeed in doing business in China.
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Managing the China Challenge provides a straightforward handbook to businesses who aspire to succeed in China. Thanks to his academic background in the Chinese political economy, Lieberthal clearly spells out the unwritten rules of how the Chinese party-state guides the economy, indispensable knowledge for business entrepreneurs. The Chinese political economy explains much about China's success, as well as many of its deep-seated problems. The current Chinese economic model is unsustainable and may hinder growth if it stays unchanged; however, it will nonetheless still be crucial for MNCs to remain sensitive to the state's political and economic concerns. The book does not offer comprehensive or concrete answers to corporate strategies, but is a great source to help frame the questions for business entrepreneurs seeking success in the Middle Kingdom.
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