China Versus the West: The Global Power Shift of the 21st by Ivan Tselichtchev

By Ivan Tselichtchev

China as opposed to the West is an leading edge book.

The writer, a number one professional at the foreign and Asian financial system and company, provides the main complete photo of the altering strength stability among the rising superpower China and the "old" constructed economies of the West: in most cases the USA, Europe and Japan. The reader can essentially see in what components and to what quantity China has turn into the realm chief, in what components it's catching up and in what components the West keeps its superiority and has an opportunity to bolster it additional.

At a similar time, I. Tselichtchev unveils a breath-taking tale of the worldwide economic climate and enterprise within the courageous new international that's non-"West-led" and the place significant progress dynamics are coming from huge rising economies. A extensively altering monetary surroundings calls for new govt rules and company thoughts. The ebook comprises many useful feedback and ideas. utilizing his personal analytical framework, the writer offers a collection of thoughts and possible choices for Western companies within the wake of China's creation and export offensive.

The ebook offers a uniquely sharp and thought-provoking research of the standards in the back of the worldwide predicament of 2008-2009, principally various from what we see in different guides, and examines its implications for the worldwide energy stability. I. Tselichtchev vividly exhibits that it was once no longer international, yet Western challenge of a structural personality which significantly replaced the China-West strength stability within the former's prefer. He offers robust arguments displaying that today's China is structurally and macro-economically superior than so much international locations of the West. This leads him to rethinking the very essence of the chinese language version of capitalism and to its new definition. He expresses unconventional, occasionally debatable, yet well-founded perspectives approximately China's difficulties and weaknesses and the customers for its political evolution.

The publication ends with priceless insights into China's specified function on this planet monetary historical past, the essence of the non-"West-led" multipolar international and the positions of its significant avid gamers. Arguing that any longer no unmarried nation may be ever in a position to "rule the world", it indicates new possibilities dynamic China is starting for the West.

Thoroughly studying and discussing quite a lot of the foremost, usually complex concerns that are now within the concentration of the world's recognition, the e-book continues to be very reader-friendly. it really is written within the type of an unconstrained discussion with the reader, containing many of the author's on-the-spot impressions, fascinating proof, feedback and quotations.

China as opposed to the West is a needs to studying for everybody who desires to understand extra concerning the international advancements, China and the West, and likewise, probably, to get invaluable inputs and tricks to discover his or her personal position in today's new international. it truly is hugely advised for policy-makers, enterprise humans, teachers, analysts and reporters. it's a worthy resource for professors and scholars of the schools and enterprise faculties.

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Extra info for China Versus the West: The Global Power Shift of the 21st Century

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To encourage textile products exports, the State Administration of Taxation of China increased the rebate rate of textile products in order to boost exports. The tax rebates for apparel and textile machinery were increased to 17 per cent in January 1, 1998, and tax rebates for other textile products were also increased between 1998 and 1999. While the tax rebate rate for garments was raised to 17 per cent, the tax rebates for textile raw materials and fabric were increased to 15 per cent. As China's official value-added tax on exports is 17 per cent, the current tax rebate rate means that exported garments enjoy a full tax refund.

Except for an abundance of denim apparel re-exported through Hong Kong, there is also much low price denim apparel exported to the Hong Kong domestic market. Denim apparel made in is basic rather than of interesting fashion. It was strong in competing in low price markets, but weak in competing in the high fashion, high value-added market. Nowadays, denim apparel has become very popular in China. It was reported that in 35 large China domestic department stores from January to October 1994,the sales volume of denim apparel reached 5 million units 131.

37 million metres of denim fabric came from Shandong in 1995. 7 per cent of Chinese total output. 8 per cent of China denim fabric exports. 7 per cent of it. 8 THE COSTS OF MACHIIWRY In China's denim fabric industry, a large part of the machinery was imported. An imported production line would cost about UD$5 to 7 million. 24 per metre, which was 25 s u m of the total costs from interest, depreciation and maintenance together. In general, manufacturers needed a loan from a bank for equipment purchase and would pay large amount of interest, as interest rates in China were of two digits in most years of the 1990s.

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