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China's New Business Elite

China's New Business Elite
Author: Margaret M. Pearson
Publisher: Univ of California Press
Total Pages: 218
Release: 2023-09-01
Genre: Social Science
ISBN: 0520923146

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The transition from a planned to a market economy that began in China in the late 1970s unleashed an extraordinary series of changes, including increases in private enterprise, foreign investment, the standard of living, and corruption. Another result of economic reform has been the creation of a new class—China's new business elite. Margaret M. Pearson considers the impact that this new class is having on China's politics. She concludes that, contrary to the assumptions of Westerners, these groups are not at the forefront of the emergence of a civil society; rather, they are part of a system shaped deliberately by the Chinese state to ensure that economic development will not lead to democratization.


Anxious Wealth

Anxious Wealth
Author: John Osburg
Publisher: Stanford University Press
Total Pages: 247
Release: 2013-04-03
Genre: Social Science
ISBN: 080478535X

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An ethnographic study of China’s new elites and their rarified world of debauchery and corruption: “A must have book for China studies” (Choice). This pioneering investigation reveals the private lives—and the nightlives—of the powerful entrepreneurs and managers redefining success and status in the Chinese city of Chengdu. For more than three years, anthropologist John Osburg accompanied wealthy Chinese businessmen as they courted clients, partners, and government officials. Now he invites readers along on his journey through the highly gendered world of luxury karaoke clubs, saunas, and massage parlors—places designed to cater to the desires of elite men. Within these spaces, a masculinization of business is taking place. Osburg details the complex code of behavior that governs businessmen as they go about banqueting, drinking, gambling, bribing, exchanging gifts, and obtaining sexual services. These intricate social networks play a key role in generating business, performing social status, and reconfiguring gender roles. Yet underneath the façade, many entrepreneurs feel trapped by their obligations and moral compromises in this evolving environment. Osburg examines their deep ambivalence about China’s future and their own complicity in the major issues of post-Mao Chinese society—corruption, inequality, materialism, and loss of trust.


Entrepreneurial and Business Elites of China

Entrepreneurial and Business Elites of China
Author: Wenxian Zhang
Publisher: Emerald Group Publishing
Total Pages: 311
Release: 2011-05-06
Genre: Business & Economics
ISBN: 0857240897

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This important reference title provides comprehensive, up-to-date coverage of elite entrepreneurs of new China and contains over 100 substantial profiles of top overseas returnees who have made noteworthy contributions to Chinese society in general and economic development in particular since the reform era began in 1978.


Red Roulette

Red Roulette
Author: Desmond Shum
Publisher: Simon and Schuster
Total Pages: 320
Release: 2021-09-07
Genre: Biography & Autobiography
ISBN: 1982156155

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"THE BOOK CHINA DOESN'T WANT YOU TO READ."--CNN​ A riveting insider's story of how the Party and big money work in China today, by a man who, with his wife, Whitney Duan, rose to the zenith of power and wealth--and then fell out of favor. She was disappeared four years ago. News of this book led to a phone call from Whitney, proof that she's alive. As Desmond Shum was growing up impoverished in China, he vowed his life would be different. Through hard work and sheer tenacity he earned an American college degree and returned to his native country to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China's male-dominated society. Whitney and Desmond formed an effective team and, aided by relationships they formed with top members of China's Communist Party, the so-called red aristocracy, he vaulted into China's billionaire class. Soon they were developing the massive air cargo facility at Beijing International Airport, and they followed that feat with the creation of one of Beijing's premier hotels. They were dazzlingly successful, traveling in private jets, funding multi-million-dollar buildings and endowments, and purchasing expensive homes, vehicles, and art. But in 2017, their fates diverged irrevocably when Desmond, while residing overseas with his son, learned that his now ex-wife Whitney had vanished along with three coworkers. This is both Desmond's story and Whitney's, because she has not been able to tell it herself.


Tiger on the Brink

Tiger on the Brink
Author: Bruce Gilley
Publisher: Univ of California Press
Total Pages: 420
Release: 1998-10-01
Genre: History
ISBN: 9780520921115

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This pathbreaking book is the first full-length study of the rise to power of Jiang Zemin, now the central figure in China's "third generation" of leaders. Tracing Jiang's beginnings as a student in the underground Communist movement in Shanghai through his appointment by Deng Xiaoping as party general secretary and his sudden elevation to central authority in the wake of the 1989 Tiananmen Massacre in Beijing, Bruce Gilley offers a fascinating and highly readable look at how Jiang Zemin has secured his position as one of the world's most powerful figures. Gilley follows Jiang's life and career from his early years as the adopted son of a revolutionary martyr, through his training in Western science and engineering, to his emergence as what many believed would be an interim figurehead in the wake of Tiananmen. Gilley shows how Jiang instead persisted as China's key leader following the death of Deng Xiaoping: While he shared the concerns of the last of the Party elders—including their idealistic views of Chinese socialism—he also accommodated the younger generation of economic reformers who have helped China to achieve staggering growth in its domestic economy and foreign trade. Gilley's analysis of the careful and methodical transition of power from Deng to Jiang during the 1990s is a remarkable study in complexity and contrast, clearly illustrating Jiang's ability to either placate his allies and adversaries or ruthlessly exploit their weaknesses. Based on first-hand interviews and primary documents as well as a variety of mainland Chinese and international media sources, Tiger on the Brink is an unprecedented and immensely revealing look into the highest echelons of Chinese politics on the eve of the twenty-first century, and will be of interest to anyone concerned with the world's most populous nation and its newest emerging superpower.


America Second

America Second
Author: Isaac Stone Fish
Publisher: Knopf
Total Pages: 289
Release: 2022-02-15
Genre: Political Science
ISBN: 0525657711

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A timely, provocative exposé of American political and business leadership’s deep ties to China: a network of people who believe they are doing the right thing—at a profound and often hidden cost to U.S. interests. The past few years have seen relations between China and the United States shift, from enthusiastic economic partners, to wary frenemies, to open rivals. Americans have been slow to wake up to the challenges posed by the Chinese Communist Party. Why did this happen? And what can we do about it? In America Second, Isaac Stone Fish traces the evolution of the Party’s influence in America. He shows how America’s leaders initially welcomed China’s entry into the U.S. economy, believing that trade and engagement would lead to a more democratic China. And he explains how—although this belief has proved misguided--many of our businesspeople and politicians have become too dependent on China to challenge it. America Second exposes a deep network of Beijing’s influence in America, built quietly over the years through prominent figures like former secretaries of state Henry Kissinger and Madeleine Albright, Disney chairman Bob Iger, and members of the Bush family. And it shows how to fight that influence–without being paranoid, xenophobic, or racist. This is an authoritative and important story of corruption and good intentions gone wrong, with serious implications not only for the future of the United States, but for the world at large.


China's Elite Politics

China's Elite Politics
Author: Zhiyue Bo
Publisher: World Scientific
Total Pages: 448
Release: 2010
Genre: Political Science
ISBN: 981283673X

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Introduction : China's political elites and their challenges -- pt. I. Who governs : China's political elites. 1. Top leadership. 2. Central committee. 3. Institutional representation. 4. Factional balance -- pt. II. How to govern : challenges. 5. Snowstorms in the South. 6. The Tibet issue. 7. Sichuan earthquake. 8. Beijing olympic games -- Conclusion : China's prospects for democratization


China's Gilded Age

China's Gilded Age
Author: Yuen Yuen Ang
Publisher: Cambridge University Press
Total Pages: 275
Release: 2020-05-28
Genre: Political Science
ISBN: 1108802389

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Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.


Study Gods

Study Gods
Author: Yi-Lin Chiang
Publisher: Princeton University Press
Total Pages: 288
Release: 2022-08-23
Genre: Social Science
ISBN: 0691237190

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How privileged adolescents in China acquire status and why this helps them succeed Study Gods offers a rare look at the ways privileged youth in China prepare themselves to join the ranks of the global elite. Yi-Lin Chiang shows how these competitive Chinese high schoolers first become “study gods” (xueshen), a term describing academically high-performing students. Constant studying, however, is not what explains their success, for these young people appear god-like in their effortless abilities to excel. Instead, Chiang explores how elite adolescents achieve by absorbing and implementing the rules surrounding status. Drawing from eight years of fieldwork and extensive interviews, Chiang reveals the important lessons that Chinese youth learn in their pursuit of elite status. They understand the hierarchy of the status system, recognizing and acquiring the characteristics that are prized, while avoiding those that are not. They maintain status by expecting differential treatment and performing status-based behaviors, which guide their daily interactions with peers, teachers, and parents. Lastly, with the help of resourceful parents, they rely on external assistance in the face of potential obstacles and failures. Chiang looks at how students hone these skills, applying them as they head to colleges and careers around the world, and in their relationships with colleagues and supervisors. Highlighting another facet of China’s rising power, Study Gods announces the arrival of a new generation to the realm of global competition.


Dealing with China

Dealing with China
Author: Henry M. Paulson
Publisher: Twelve
Total Pages: 400
Release: 2015-04-14
Genre: Business & Economics
ISBN: 145550422X

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NEW YORK TIMES BESTSELLER DEALING WITH CHINA takes the reader behind closed doors to witness the creation and evolution and future of China's state-controlled capitalism. Hank Paulson has dealt with China unlike any other foreigner. As head of Goldman Sachs, Paulson had a pivotal role in opening up China to private enterprise. Then, as Treasury secretary, he created the Strategic Economic Dialogue with what is now the world's second-largest economy. He negotiated with China on needed economic reforms, while safeguarding the teetering U.S. financial system. Over his career, Paulson has worked with scores of top Chinese leaders, including Xi Jinping, China's most powerful man in decades. In DEALING WITH CHINA, Paulson draws on his unprecedented access to modern China's political and business elite, including its three most recent heads of state, to answer several key questions: How did China become an economic superpower so quickly? How does business really get done there? What are the best ways for Western business and political leaders to work with, compete with, and benefit from China? How can the U.S. negotiate with and influence China given its authoritarian rule, its massive environmental concerns, and its huge population's unrelenting demands for economic growth and security? Written in the same anecdote-rich, page-turning style as Paulson's bestselling memoir, On the Brink, DEALING WITH CHINA is certain to become the classic and definitive examination of how to engage China's leaders as they build their economic superpower.