InThe Chinese Dream, a groundbreaking book about the rising middle class in China, Forbes columnist, consultant, and China expert Helen Wang challenges us to recognize that some of our fears about China are grossly misplaced. As a result of China’s new capitalist paradigm, a burgeoning middle class-calculated to reach 800 million within the next fifteen years-is jumping aboard the consumerism train and riding it for all it’s worth-a reality that may provide the answer to America’s economic woes. And with China’s increasing urbanization and top-down governmental approach, it now faces increasing energy, environmental, and health problems-problems that the U.S. can help solve. 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.
Deconstructs the myths about China as a superpower and global manufacturing power
Takes us into the world of the driven middle class and shows how the not-so-private sector operates
Provides a historical perspective on China and examines the possibility of democracy in China’s future
Shows how a mindset that embraces the idea of unity in diversity could help solve China and America’s growing energy, health, and environmental problems
Also, please watch the book trailer on the left. I look forward to seeing you on Sept. 7!
I was very honored to be on a panel in a webnar hosted by Yinglan Tan, author of Chinnovation, with a group of distinguished China experts to discuss business trends in China and how companies can get China right.
Here is a description of the topics and discussions:
Asia will redraw the map of economic progress over the next twenty-five years. Growth is necessary to solve economic and social problems, but harder to achieve as the age of plenty gives way to the age of scarcities. China is obviously a key player.
What is the Chinese dream? How do the driven middle class and shows how the not-so-private sector operates
What is the possibility of democracy in China’s future
How can the idea of unity in diversity could help solve China and America’s growing energy, health, and environmental problems
However, what are the industry secrets, including the dangerous practice of quality fade—the deliberate and secret habit of Chinese manufacturers to widen profit margins through the reduction of quality inputs.
How can organizations that want to build effective strategies for China address each of these realities head on, just as GE, Yum Brands, Adidas, Nokia, IBM, Accenture, Microsoft, Cisco, and many other pioneering companies the authors describe have done. Shedding light on the brutal competition for today’s markets and resources in China?
About 120 CEOs and executives attended the webnar. Other people on the panel include Dr. Anil Gupta, Chair in Strategy and Entrepreneurship at Robert H. Smith School of Business of University of Maryland, Paul Midler, author of Poorly Made in China, Joergen Oerstroem Moeller, visiting research fellow at Institute of Southeast Asian Studies in Singapore. Host Yinglan Tan is a member of World Economic Forum’s Global Agenda Council for Fostering Entrepreneurship and has impressive backgrounds in business and academics.
It was a very stimulus and informative panel discussion.
My book The Chinese Dream has been translated in Chinese and will be available for Chinese readers later this month. Shanghai Wen Hui Publishing House, my publisher in China, plans to launch the book at Shanghai Book Fair, August 17-23.
Here is the Chinese book cover:
Also, here is the full cover with back:
I am curious to see how the book is doing in China.
I will be speaking this Friday, July 15, at Cisco System in San Jose about my book The Chinese Dream. This event is organized by Heartland Institute as the series of Thought Leader Gathering.
“The rising Chinese middle class will play an ever-larger role in China’s future growth and change the dynamics of the world we live in. By 2015, China will become the second-largest consumer market in the world behind the US. Helen Wang will navigate the many faces of China as it takes its place in the global world.”
The event is by invitation only. If you are interested in attending, please feel free to shoot me an email. Click here to see the event site.
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
I told myself that I would not work during vacation, but here I am, blogging. Well, since several reviews about my book The Chinese Dream surfaced on the Internet this past week, I thought I might as well sacrifice a couple of hours on the beach to write a summary of them.
First, a review by Xujun Eberlein: The Ambivalent Role of China’s Middle Class. Eberlein is the author of Apologies Forthcoming. She has been active in blogging about politics and culture related to China. Eberlein shared her fair views about what she agrees and disagrees with the book, and raised some good questions. I appreciate her opinion and skepticism, which is important as a book reviewer. I would say, though, she might have misconstrued the concept of “oneness” as “monotheism.” By “oneness”, I mean dynamic balance of differences among different parties that ultimately creates unity. I understand this is a novel idea, but this is the subject of another article.
The second review is by Sinalunya: The Chinese Dream – A Review. Sinalunya is a website aimed at compiling information about Chinese economic, social and cultural relationships. Sinalunya is obviously a fan of The Chinese Dream. It believes that The Chinese Dream is equivalent to Robert Kaplan’s “An Empire Wilderness: Travel’s into America’s Future”. Frankly, I didn’t know who Robert Kaplan was until I googled him. Now I have to read An Empire Wilderness.
The third review is by Jing Daily: Q&A: Helen Wang, Author, “The Chinese Dream”. Jing Daily publishes articles and newsletters about luxury business and culture in China. Jing Daily posed excellent questions such as what is the negative impact of the Chinese middle class on the global economy, how communism and capitalism coexist in China, and what are the key strategies for Western companies to enter the China market. If you are interested in tapping into the opportunities of the Chinese middle class, be sure to check this out.
What do you like and dislike about The Chinese Dream? I’d love to hear from you. Please share your thoughts below in the comment area or click the “Like” button.