China is in the midst of its second economic revolution and there seems to be no turning back. Reforms during the first economic revolution of the '70s and '80s reversed decades of state-controlled economic policies; the second one has created world-class Chinese businesses and raised expectations of widespread prosperity among China's people.
In Capitalist China, Jonathan Woetzel, a director in McKinsey's Shanghai office, explains China's economic reforms and the resulting business opportunities sector by sector. Drawing on 18 years of experience and in-depth interviews with corporate leaders who have thrived in China, Woetzel details the strategies businesses need to follow to succeed in this growing market.
Book Summary
With the Chinese government pushing deregulation forward, well-run businesses have the chance to prosper. But to be successful, companies need a deep understanding of China's market dynamics, an innovative strategy, a capable organization, and performance-driven leadership on-the-ground.
