I will be speaking at American Chamber of Commerce’s luncheon event in Shanghai on June 1 in Four Seasons Hotel. Below is the announcement on AmCham’s website:
AmCham Shanghai invites you to an Author Series event on Wednesday, June 1 at the Four Seasons Hotel from 11:30-13:30, as Forbes columnist and China expert Helen H. Wang discusses her bestselling book, The Chinese Dream: The Rise of the World’s Largest Middle Class.
In The Chinese Dream, Wang challenges us to recognize that fears about China’s rise are grossly misplaced. As a result of China’s new capitalist paradigm, a burgeoning middle class—calculated to reach 800 million within the next 15 years—is jumping aboard the consumerism train and riding it for all it is worth—a reality that may provide the answer to America’s economic woes. Through timely interviews, personal stories and a historical perspective, China-born Wang takes us into the world of the Chinese entrepreneurial middle class to show how a growing global mindset and the realization of unity in diversity may ultimately provide the way to creating a saner, safer world for all.
In a mere two decades China has developed the world’s largest middle class. Helen Wang tells that story – and her own – in this wonderfully informative and readable book.”
– Joseph Nye, Distinguished Service Professor, former Dean of the Kennedy School, Harvard University, former Assistant Secretary of Defense, and author of The Future of Power
When China’s president Hu Jintao visits the U. S. this week, he will see a nervous America that seems to have lost its confidence. I have been on many radio talk shows recently to discuss my new book The Chinese Dream, the most common question I was asked is “Is China going to take over this country as our economy collapses?”
Americans today have become scared and paranoid. Such sentiments are not helped by doomsayers who have predicted America’s decline. In a recent article in Foreign Policy, Gideon Rachman, a foreign affairs columnist for the Financial Times, tells Americans that in the fable of the boy crying wolf the boy was eventually right: “The wolf did arrive – and China is the wolf.”
Rachman cited China’s population, its economic prowess, and its holding of $2.5 trillion in foreign reserves as evidence that China will replace the U.S. as a global hegemony. He lamented “America will never again experience the global dominance … those days are over.”
I disagree with Rachman’s assessment that growing Chinese economic clout will necessarily pose a threat to America. I have written about the myths of China as a superpower and global manufacturing power here and here. Today, however, I’d like to focus on what makes America a great country to begin with. Continue reading →
“In a mere two decades China has developed the world’s largest middle class. Helen Wang tells that story – and her own – in this wonderfully informative and readable book.”
Professor Joseph Nye is a Distinguished Service Professor, Harvard University, former Dean of the Kennedy School, former Assistant Secretary of Defense, and author of The Future of Power. I am very honored to have his endorsement.