China Shakes the World Book Summary Essay

3836 Words May 13th, 2012 16 Pages

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 Germany's largest steel mills. However, a Chinese steel company bought the mill and dismantled it, shipped
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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 owner 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 reforms of the 1980s. So, from this angle, DENG was willing to keep moving on the industrial