West against China, India: global comppetition, wealth, finance, outsourcing, entrepreneur : Indymedia Colombia

Global Outsourcing, Hightech, Wealth: China vs India

By http://www.bptiger.org

India may be the world leader in outsourcing IT and software services field but in manufacturing China is by far the clear winner. There is a perception that labor in China is cheapest, but leading strategist George Zhibin Gu (in his new book: China and the new world order) is on the opinion that labor in India is by and large 50% cheaper than China but still China rules, why??

He feels that China in many aspects is ahead of India in manufacturing. Firstly, when India does not even have an effective manufacturing base at all, forget of having chain of key component suppliers, or for that matter logistics chain, infrastructure etc. China on the other hand over last 26 years has built up a complete business chain

Quoting book: China and the new world order, by George Zhibin Gu

For example, in consumer electronics you can set up your shop in Guangdong, then you get more than 10,000 component makers. For example, Sony alone has more than [3,000] China based component makers. Here, you need to know that these component makers come from both Chinese companies and multinationals. So, Sony’s 3,000 come from the Chinese, the Japanese, Koreans and Europeans, and American suppliers, always in China - actually, in one province. That’s the kind of effectiveness and efficiency China has, but in India, and even in Europe you don’t have that kind of advantage.

I found the interview a bit inclined towards China. Yes, its a fact that India lags behind, but not to the extent its been described here. May I am worng, I dont know. Your comments are welcome.

Reviews

Professor William Ratliff, Hoover Fellow at Stanford University "Unique Guide. No one I know of has come so close to capturing (new China’s) spirit and meaning ... as Gu." .

Professor Ping Chen, Peking University and University of Texas at Austin "Not many people have time and energy to investigate basic issues confronting China and world. Dr. Gu is one exception." -

Winston Ma, Investment Banker and Author, Investing in China "Essential reading for readers of whatever interests."

Contemporary History Association "Highly insightful study on Chinese multinationals on the global stage, as well as implications to global development." --This text refers to the Hardcover edition.

Gurus Online "Rigorous examination on current China and global affairs by an INSIDER."

Book Description China is the world’s number-one growth story now. But how is it that China has achieved such quick growth in this era ? How is it that made-in-China products can flood the globe ? Is a trade war going to happen ? Or is a new world order in the making ? This second volume of a trilogy-by Chinese journalist/consultant George Zhibin Gu-aims to answer these questions and more.

Today, more than a half-million overseas companies conduct business inside China. Learn about all the opportunities this exploding market presents, including banking, insurance, and stock market, as well as the yuan and trade and cross-border business issues. Moreover, it contains extensive studies on China’s political-economic reform as well as evolving international relations.

This volume addresses eight key topics :

I. China’s New Role in the World Development

II. The Yuan, Trade, and Investment

III. China’s Fast-Changing Society, Politics, and Economy (in light of Chinese and global history)

IV. China’s Banking, Insurance, and Stock Market Reforms

V. Chinese Multinationals vs. Global Giants

VI. The Taiwan Issue : Current Affairs and Trends (federation as an alternate way for unity)

VII. India vs. China : Moving Ahead at the Same Time

VIII. The Japan-China Issue : Evolving Relations in Light of History

Today, all nations increasingly rely on one another for development, a trend that will only strengthen as time passes. As a saying goes, "The future is being shaped today." This book will appeal to readers everywhere regardless of their particular interests. --This text refers to the Hardcover edition.

Synopsis Get the inside story from a Chinese journalist/consultant about China’s surge under globalization and capitalism. This second volume of a trilogy covers (1) political-economic trends ; (2) Chinese multinationals vs. global giants ; (3) trade, the yuan, banking, insurance, and the stock market ; and (4) issues with Taiwan, the West, India, and Japan.

About the Author George Zhibin Gu, a native of Xian in central China, is a journalist/consultant based in Guangdong, China. He obtained his education at Nanjing University in China and Vanderbilt University and the University of Michigan in the United States. He holds two MS degrees and a PhD from the University of Michigan.

For the past two decades, he has been an investment banker and business consultant with an emphasis on China. His work focuses on helping international multinationals to invest in China and helping Chinese companies to expand overseas. He has worked for Prudential Securities, Lazard, and State Street Bank, among others. He generally covers mergers and acquisitions, venture capital, business expansion, and restructuring.

The author is also a journalist on China and its relations with the world. His articles or columns have appeared in Asia Times, Beijing Review, The Seoul Times, Financial Sense, Gurus Online, Money Week, Online Opinion, Asia Venture Capital Journal, and Sinomania, among others. He has written three other books, China’s Global Reach : Markets, Multinationals, and Globalization (revised edition, Fultus, 2006), Made in China : National and Business Players and Challengers in the 21st Century (English edition forthcoming, Fall 2007 ; Portuguese edition, Centro Atlantico, 2005) ; and China Beyond Deng : Reforms in the PRC (McFarland, 1991). He is a member of the World Association of International Studies hosted by Stanford University.

Amazon Reviews

The most important book I read in the last 5 years

This new book from Dr. George Zhibin Gu is a geo-economics and geopolitical masterpiece from an insider, someone that thrives his consulting work and daily life inside China, not writing or comment from a comfortable chair in London or New York paid by a western think tank, or only for academic proposals. His challenge is to write for a broad audience out of China. I must refer his clever suggestions about Taiwan - a political proposal for a a federation - and the way he sees the go global from Chinese emergent multinationals. It is needed a lot of courage for an insider to be so clear in his proposals and to identify the old Chinese problem - bureaucracy, the same that stopped admiral Cheng Ho and the Discoveries in the XV Century, that closed China for so many centuries and gave an opportunity for foreign powers to humiliate China, hyper-bureaucracy that in the Mao period pulled China for chaos and economic and social distress. China and the New World Order is a must reading. Jorge Nascimento Rodrigues, editor of http://www.gurusonline.tv and translator of Made in China (published in Portuguese language).

Is a new world order in the making ?...It might just happen.

Base on the number of book in relation to this matter so far I believe that no one has come close to capturing "new China’s" spirit and meaning as Gu. After reading his second volume I found it to be hugely insightful on the current events of China and global affairs. It greatly explores the key factors that shape Chinese and global development in the next stages. It gives tremendous info and analysis on the Chinese government, politics, business and economy for any one’s interest.

There’s a huge amount of info on foreign businesses inside China. You will be able to see about twenty five American and global multinationals inside of China that are studied. In the meantime it gives us a very provocative analysis on China’s new role in the world. Gu details this general picture of how China is walking away from a practical society and embracing an open, restless and dynamic society. It claims that an overextended, self-appointed bureaucracy remains the key problem for China. To overcome countless technical barriers, greater openness, entrepreneurship and global involvement is all needed. Again, it’s very insightful on the issues between China, Taiwan, Japan, India and West. I will add that his analyses on Japan-China line up are very interesting as well as Taiwan. There’ a tremendous amount of info and analysis on China’s financial, banking, insurance and stock market.

Author George Zhibin Gu is a very outspoken and a well known Chinese journalist who has generally covered mergers and acquisitions, capital activities, business expansion, and restructuring. He’s an insider who gives us scrupulous examination on current China and global affairs which is more than a reason why you should grab hold to this book.

Insightful and Intelligent

George Gu provides a depth of understanding that distinguishes his work from most other business books. His wide network of contacts gives insight into emerging trends. He provides useful context that western authors often lack and Chinese authors frequently take for granted.

Prepare for the Dragon Market - Winston Ma, Author of "Investing in China : New Opportunities in a Transforming Stock Market

For the international investor community, "Investing in China" in the new century is more or less a one-way investment and capital flow. Mr. Gu’s book, however, looks one step further to explore how all these interactions would reshape the global horizon, both for China and the rest of the world.

In fact, China’s outward influence is increasingly obvious. For instance, whether China would diversify its foreign currency reserve -- and consequently whether China will enter into the gold market to hedge its US dollar exposure -- has profound implications in the global financial markets.

Comparing to many other books on China, Mr. Gu’s book has a truly "authentic Chinese" flavor. The reason is obvious : He is an INSIDER. As a native Chinese, he captures the spirit of China’s latest developments in its not-too-short historic context.

The most important book I read in the last 5 years This new book from Dr. George Zhibin Gu is a geo-economics and geopolitical masterpiece from an insider, someone that thrives his consulting work and daily life inside China, not writing or comment from a comfortable chair in London or New York paid by a western think tank, or only for academic proposals. His challenge is to write for a broad audience out of China. I must refer his clever suggestions about Taiwan - a political proposal for a a federation - and the way he sees the go global from Chinese emergent multinationals. It is needed a lot of courage for an insider to be so clear in his proposals and to identify the old Chinese problem - bureaucracy, the same that stopped admiral Cheng Ho and the Discoveries in the XV Century, that closed China for so many centuries and gave an opportunity for foreign powers to humiliate China, hyper-bureaucracy that in the Mao period pulled China for chaos and economic and social distress. China and the New World Order is a must reading. Jorge Nascimento Rodrigues, editor of http://www.gurusonline.tv and translator of Made in China (published in Portuguese language).

Is a new world order in the making ?...It might just happen. Base on the number of book in relation to this matter so far I believe that no one has come close to capturing "new China’s" spirit and meaning as Gu. After reading his second volume I found it to be hugely insightful on the current events of China and global affairs. It greatly explores the key factors that shape Chinese and global development in the next stages. It gives tremendous info and analysis on the Chinese government, politics, business and economy for any one’s interest.

There’s a huge amount of info on foreign businesses inside China. You will be able to see about twenty five American and global multinationals inside of China that are studied. In the meantime it gives us a very provocative analysis on China’s new role in the world. Gu details this general picture of how China is walking away from a practical society and embracing an open, restless and dynamic society. It claims that an overextended, self-appointed bureaucracy remains the key problem for China. To overcome countless technical barriers, greater openness, entrepreneurship and global involvement is all needed. Again, it’s very insightful on the issues between China, Taiwan, Japan, India and West. I will add that his analyses on Japan-China line up are very interesting as well as Taiwan. There’ a tremendous amount of info and analysis on China’s financial, banking, insurance and stock market.

Author George Zhibin Gu is a very outspoken and a well known Chinese journalist who has generally covered mergers and acquisitions, capital activities, business expansion, and restructuring. He’s an insider who gives us scrupulous examination on current China and global affairs which is more than a reason why you should grab hold to this book.

Insightful and Intelligent George Gu provides a depth of understanding that distinguishes his work from most other business books. His wide network of contacts gives insight into emerging trends. He provides useful context that western authors often lack and Chinese authors frequently take for granted.

Prepare for the Dragon Market - Winston Ma, Author of "Investing in China : New Opportunities in a Transforming Stock Market For the international investor community, "Investing in China" in the new century is more or less a one-way investment and capital flow. Mr. Gu’s book, however, looks one step further to explore how all these interactions would reshape the global horizon, both for China and the rest of the world.

In fact, China’s outward influence is increasingly obvious. For instance, whether China would diversify its foreign currency reserve -- and consequently whether China will enter into the gold market to hedge its US dollar exposure -- has profound implications in the global financial markets.

Comparing to many other books on China, Mr. Gu’s book has a truly "authentic Chinese" flavor. The reason is obvious : He is an INSIDER. As a native Chinese, he captures the spirit of China’s latest developments in its not-too-short historic context.