Judi Singleton book review of DEALING WITH CHINA Henry M. Paulson, Jr.

 takes the reader behind closed doors to witness the creation and evolution and future of China's state-controlled capitalism.  Hank Paulson has dealt with China unlike any other foreigner. As head of Goldman Sachs, Paulson had a pivotal role in opening up China to private enterprise. Then, as Treasury secretary, he created the Strategic Economic Dialogue with what is now the world's second-largest economy. He negotiated with China on needed economic reforms, while safeguarding the teetering U.S. financial system. Over his career, Paulson has worked with scores of top Chinese leaders, including Xi Jinping, China's most powerful man in decades.   In DEALING WITH CHINA, Paulson draws on his unprecedented access to modern China's political and business elite, including its three most recent heads of state, to answer several key questions:  How did China become an economic superpower so quickly? How does business really get done there? What are the best ways for Western business and political leaders to work with, compete with, and benefit from China? How can the U.S. negotiate with and influence China given its authoritarian rule, its massive environmental concerns, and its huge population's unrelenting demands for economic growth and security? Written in the same anecdote-rich, page-turning style as Paulson's bestselling memoir, On the Brink, DEALING WITH CHINA is certain to become the classic and definitive examination of how to engage China's leaders as they build their economic superpower.

Praise for ON THE BRINK, New York Times, Wall Street Journal, and USA Today Bestseller

"Penetrating . . . goes behind closed doors . . . a highly personal, you-are-there telling for how top players in government and finance staved off a disaster that could have been much worse."―Bloomberg News

"Fast-paced . . . engaging . . . well-written."―Washington Post

"Highly detailed . . . a gripping book."―Wall Street Journal

"Concentrates on his extraordinary thirty months at Treasury . . . Paulson had to wrestle with more, and more burning, crises than any Treasury secretary in history."―Roger Lowenstein, author of The End of Wall Street, and journalist, New York Times Book Review

"Tells how he brought us back from the brink of financial collapse . . . [includes] major revelations . . . Read On the Brink and get Paulson's take on the whole affair."―Forbes.com

"The first lengthy account of the crisis from a key decision maker. The book offers a look at Paulson's thinking during those scary days, as well as his sometimes unvarnished opinions of other Washington characters, many of whom had central roles in managing the government's response."―Dallas Morning News

"A fantastic read . . . succinct and to the point."―Business Insider

About the Author

Henry M. Paulson, Jr., served as CEO of Goldman Sachs (1999-2006), 74th secretary of the U.S. Treasury (2006-2009), and chairman of the Nature Conservancy (2004-2006). He has sat across the bargaining table from countless Chinese politicians and CEOs as a banker, a statesman, and an environmentalist. Since leaving Washington, the former Treasury secretary has worked on bridging the gap between the U.S. and China through the Paulson Institute, which he describes not as a think tank but as a "think and do" tank.

Biography

Henry M. Paulson, Jr. served under President George W. Bush as the 74th Secretary of the Treasury from June 2006 until January 2009. Before coming to Treasury, Paulson was Chairman and Chief Executive Officer of Goldman Sachs since the firm's initial public offering in 1999. He joined Goldman Sachs Chicago Office in 1974 and rose through the ranks holding several positions including, Managing Partner of the firm's Chicago office, Co-head of the firm's investment Banking Division, President and Chief Operating Officer, and Co-Senior partner.

Prior to joining Goldman Sachs, Paulson was a member of the White House Domestic Council, serving as Staff Assistant to the President from 1972 to 1973, and as Staff Assistant to the Assistant Secretary of Defense at the Pentagon from 1970 to 1972.

Paulson graduated from Dartmouth in 1968, where he majored in English, was a member of Phi Beta Kappa, and an All Ivy, All East football player. He received an M.B.A. from Harvard in 1970.

Judi Singleton Review

This is an indispensable book  for anyone who has to deal with China or wants to understand its transition into the modern world. Former Treasury Secretary Hank Paulson begins his tale in 1997 when he was at Goldman Sachs and met with Zhu Rongji to begin the process of a public offering of China's telephone system. He takes us through his experiences with a colorful array of subsequent leaders ending with Xi Jingping.
With an easygoing storytelling and just down home talkative style, deepened by intuitiveness and bluntness , Paulson gathers  together three strands in his book: how they think and maneuver. Few people have spent so much time with the top people of China or have such

!. A rare up-close look at China's contemporary political and business leaders, showing the differences in cultures and the ways the top political leaders of China think.
2. An analysis of the challenges China faces in its process of economic recovery when changing from a farm centered society to manufacturing. As head of the Paulson Institute that he established to engage with China, he has thought deeply about China's problems, ranging from debt to the need to design sustainable cities, protect wetlands, and become environmentally responsible.
3. A guide for how U.S. political and business leaders can best blend competition and cooperation to help China become a responsible part of an economic and political global order.
i loved this book it was a fun way to learn about the problems facing China today. I like this kind of learning that does not focus on learning. It is like reading a historical novel instead of history.  The U.S. has  been responsible to the world community  by helping China move into the 21st. Century.  The U.S. own greed by wanting the things that  China manufacturer at a really cheap price, will be the downfall of the U.S. itself if they are not careful. They are one of China most valuable customers. But that did not stop China from going with the Euro when the U.S. dollar was worth less. We are not depending on loyalty here folks.  It is important to educate oneself on this kind of news as we will have to make decisions based on that knowledge in the near future.

Judi Singleton is a free lance writer who writes 20 blogs a week you can advertise in one or twenty of her blogs for $5. a week