The China Dream: The Quest for the Last Great Untapped Market on Earth

"An entertaining, if cautionary, tale of Westernbusiness woes in China, stretching back seven hundred years"(The Wall StreetJournal).In The China Dream, acclaimed business journalist JoeStudwell challenges the predictions that China will become aneconomic juggernaut on the world stage in the twenty-firstcentury—and instead foresees an economic crisis. Tracing the mostrecent developments in China from Deng Xiaoping's "liberalization"of its market in the 1980s through the opening of its economy toforeign investment in the 1990s, Studwell examines the roadblocksto the continuation of the country's unprecedented expansion andwhy its economy will fail once more—but this time, harder than everbefore, and with potentially catastrophic results.Provocative and flawlessly researched, The China Dreamanalyzes what's really going on in China—and what we can do toprepare for the coming crisis."The much-needed antidote to the delusions . . . about theriches to be made from investing and selling in China. Brimmingwith . . . statistics." —The Washington Post"[A] detailed account . . . An excellent examination of thepolitical and economic history of China, fascinating and mostlyunknown to Westerners." —Booklist (starred review)"Lays bare much of the stuff and nonsense that surrounds theChina dream, and traces how myth and misunderstandings—compoundedby hype and lashings of snake oil—have bewitched some of theworld's most respected corporations and led them to ruin theproverbial $1.3 billion consumer market . . . As such, it deservesto help redefine the debate on the nature of the China market."—James Kynge, China bureau chief of the FinancialTimes