Chinese-American author breaks ground on China’s middle class growth explosion

“The Chinese Dream: The Rise of the World’s Largest Middle Class and What It Means to You” by Helen H. Wang brings a fresh paradigm on how we view U.S.–China relations

PALO ALTO, Calif. Nov. 29th, 2010 – In her new book, “The Chinese Dream: The Rise of the World’s Largest Middle Class and What It Means to You” (ISBN 1452898049), Helen Wang examines the impact of a growing Chinese middle class on the United States and the world. As a Chinese native and American citizen, Wang challenges readers to recognize that some of our fears about China are misplaced.

Over the next 15 years, Wang estimates China’s middle class to reach a population of 800 million, more than double today’s number. While some in the West fear the fast growth within China poses a global threat, Wang presents readers with information and research showing how this rising middle class will provide enormous opportunities for Western companies and become a balancing force that could help with America’s economic struggles. Continue reading

THE CHINESE DREAM Book Launch – A Huge Success

More than 150 people attended my book launch event in Palo Alto on December 10th.  The conference room at DLA Piper law firm was filled with people, enjoying Champaign and fine hors d’oeuvres while networking with each other.

As usual, there are always last minute details that need to be attended to before an event. I was running around to help set up the book signing table, greeting friends who showed up to support me, and answering questions from fans.

As usual, there are always things that don’t work as they are supposed to.  At the last minute, we discovered that the book trailer video, which was supposed to be projected on the background screen, did not work. Oh well.

At about 7 pm, Sara Rauchwerger, the president of Chamber of Commerce International Consortium for Entrepreneurs (CCICE), opened the meeting. Then, Gerald Brady, managing director of Silicon Valley Bank, introduced me and Forbes Beijing Bureau Chief Gady Epstein, who flew in from Beijing to attend the event.

The format of the evening was that Gady and I had a fireside chat about my book and China’s middle class. Continue reading

Lessons from eBay-Alibaba Battle

This weekend, eBay’s CEO John Donahoe shared the stage with Alibaba’s maverick founder Jack Ma at his annual Alifest conference in Hangzhou, China. Gady Epstein, Forbes Beijing bureau chief, has an intriguing blog about how Mr. Donahoe wished a happy birthday to Jack Ma who not only defeated eBay in China, but also “encroaches on eBay’s home turf.” Since Epstein referenced my recounting of the eBay-Alibaba battle, I thought it might serve readers well to provide an excerpt here from my book The Chinese Dream:

In 2004, eBay had just entered China and was planning to dominate the China market. Alibaba was a local Chinese company that helped small- and medium-sized enterprises conducting business online. Most people in the West had barely heard about it. Continue reading