In China Shakes the World, James Kynge gives a history and explanation of the Chinese economy. Kynge started writing the book in 2004 and it was published in 2006. The book is like a biography, giving experiences around 1982 when Kynge was a student at the Shandong University. It gives a detailed explanation of economic activities by China in the regions of Germany, Italy, China, and even the United States Midwest.
The book sarts with a still mill-Thyssen Krupp in Dortmund, Germany. The steel mill once employed nearly ten thousand people, but it was closed later. At first, it was one of Germany's largest steel mills. However, a Chinese steel company bought the mill and dismantled it, shipped it, and reassembled the plant in a small town along the lower Yangtze River. They also bought the the technological of factory. This helped the Chinese to compete with industries around the world. The book also give some explanation about Kynge's research in Italy where jewelry manufacturing and the artisan industry sustained loss owning to the competition by China ‘s increasing market share. Another problem is the related to USA, manufacturing of everything from shoes to computer parts is losing out in Middle America. The managers of companies try to reduce costs by manufacturing in countries with cheaper labor, though the burden is placed on middle class communities who rely on the local factories as a way of life. So, the middle class is shrinking while lower income America is growing. Producing in China is profitable owning to the rules mandated by the Chinese government. There are no safety regulations for the workers, there are no taxes of pollution, and workers in China are working for very low amount , in some part, even for one dollar in a day. And the author talks with those who are in the power, and gives their ideas about the company they take charge of.
The author concludes with a chapter on China's relations... [continues]
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