Is China's State Capitalism Doomed? By JoeZHANG, available in early March 2014, Inefficient and corrupt, the state sector in Chinais the source of many of the nation's current ills. However,according to corporate financier and bestselling author Joe Zhang,it is fixable. Even amid the rise of private sector capitalism, thegovernment and public in China have faith in the state sector. Andnow, contrary to the predictions of many experts in the West,China's state sector is rebounding and on track to expand further.In his new book, PartyMan, Company Man: Is China's State CapitalismDoomed?Joeshares his firsthand insights in to China's SOEs (State-OwnedEnterprises) in China, the reasons he left the Communist Party, andhis predictions on the future of China's successful and growingstate sector. RECOMMENDATION "JoeZhang has long been one of the most astute observers of China,whether the issue is energy efficiency, macroeconomics or the roleof state-owned companies.... This book is a rare firsthand viewfrom inside the machinery of China's vasteconomy." - Victor Mallet, author of The Trouble with Tigers: the Rise andFall of South-East Asia, and South Asia Bureau Chief of theFinancial Times TABLE OF CONTENTS Chapter1Jumping Ship to Canada: A SeniorManager FleesChapter 2Rejecting a BigAcquisition: Investments Amid FancifulProjectionsChapter 3Horse Trading:Redefining Our Core BusinessChapter 4A String of Real EstateMistakesChapter 5Managing People:Motivation in an SOEChapter 6Woes of the NewlyWealthy during China’s Real Estate FrenzyChapter 7Stress andAnxiety: The Principal-Agent Problem at anSOEChapter 8Moonlighting: FiringShots at Two Other SOEsChapter 9The Party isEverywhereChapter 10Falling into the Armsof the State: M&As at an SOEChapter 11Economic ReformsReversed: The Rise of China’s State SectorChapter 12They Love the StateSector, HonestlyChapter 13Answering Critics:Case Studies, Facts, and Figures from China’sState Sector Chapter 14What’sWrong with China’s Private Sector? Chapter15Unanswered QuestionsChapter 16A Way Forward?Muddling ThroughChapter 17State CapitalismWorks: My Open Letter to President XiJinping AppendixACritique of the StateSector: My Conversation with an SOEManager ABOUT THE AUTHOR Joe Zhang,51, is a corporate governance advisor based in Hong Kong. He workedfor 11 years at UBS, mainly as Head of China Research and thenDeputy Head of its China Investment Banking Division. He was anofficial of the central People's Bank of China in Beijing from 1986to 1989. Between 2006 and 2008, Joe was the Chief Operating Officerof Shenzhen Investment Limited, a government company. In the pasttwo decades, Joe's numerous articles have appearedin The Wall Street Journal, Financial Times,Bloomberg, South China Morning Post, The Australian FinancialReview, The New York Times, andtheInternational HeraldTribune. Joe Zhang is the author of thebestseller Inside China’s Shadow Banking: theNext Subprime Crisis?which was published in2013. |
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