China Shakes the World Book Summary Essay - 3836 Words

CHINA SHAKES THE WORLD x BOOK SUMMARY In China Shakes the World, James Kynge gives a history and explanation of the Chinese economy. Kynge started writing the book in 2004 and it was published in 2006. The book is like a biography, giving experiences around 1982 when Kynge was a student at the Shandong University. It gives a detailed explanation of economic activities by China in the regions of Germany, Italy, China, and even the United States Midwest. The book sarts with a still mill-Thyssen Krupp in Dortmund, Germany. The steel mill once employed nearly ten thousand people, but it was closed later. At first, it was one of Germanys largest steel mills. However, a Chinese steel company bought the mill and dismantled it, shipped†¦show more content†¦When that time comes, you will see that this purchase was good. Even more surprising is that the steel mill was purchased by paying its price in scrap for 10 million dolars. Transportation cost is 12 million dollars, and reconstruction is 1.2 million dollars. The ow ner says the plant will be able to squeeze from it 3 million more tons of annual output than the Germans. Besides, it has the technology to support the car industry with steel they need. Another point to be focused on that chinese companies acquiring equipment or technology in the industrialised world are somehow agents of communist government, and they get loan from the state banks that they never have to pay back. China history after the death of Mao ZEDONG has changed considerably. DENG after MAO, has changed the way industry and agriculture were done in the nation. In Mao era, farmers was handing over their crops to the commune, but in Deng era and later, farmers could reap the harvest of their labors. On the other hand ,those in the industrial business began to establish companies that were socialist and state-owned on paper but capitalist and privately owned in reality. The willingness of local officals to obey Beijing was therefore a crucial ingredient in the free-market re forms of the 1980s. So, from this angle, DENG was willing to keep moving on the industrialShow MoreRelatedEssay on Globalization of McdonaldS on China5339 Words   |  22 PagesGlobalization of McDonald’s in China Executive Summary McDonald’s is one the largest fastest growing fast-food restaurant in the world. McDonald’s have become a household name across the world. The fast food giant has come a long way from being just a burger stand in San Bernardino, California in 1940. The original owners were two brothers, Richard and Maurice McDonald. The hot dog stand evolved into a restaurant offering 25 items on the menu. In 1947, Richard and Maurice (going forwardRead MoreGlobal Marketing6701 Words   |  27 PagesCHAPTER 1 INTRODUCTION TO GLOBAL MARKETING SUMMARY A company that engages in global marketing focuses resources on global market opportunities and threats. 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