Brilliant book. Must read. A practical guide about investment banking/management in China. Although a lot of the scenarios in the book were outdated, but many lessons are still valid today. I have just read some recent news from FT that one could almost say that it was lifted from a chapter of this book. Life, can indeed be stranger than fiction.
Some people nowsdays still have the concept which goes, "1.3bn ppl in China, if every one of them spend RMB1 on our product, we are never going to be poor!" This is the kind of concept that put good western business into freefall. If you are thinking of going into China, this is an amusing read and would serve as a bit of a idiots' guide to the culture and business practice in China.
Trust me, this was written nearly 10 years ago, and I still see problems that occured in the book happen in my daily work!!...Continua
The stories are fun and will have minor parallels in today's business in China. However, since the accounts are of events from a few years ago, the current situation is likely more complex. It is best to take these stories as cautionary tales but not let them deter from your plans to explore the China market. China is far too big and moving too fast to make attempt to capture its essence an impossible task....Continua