Dealing with China
by Henry M. Paulson · first published 2015
9mentions
2recommended by
3HN commenters
2017–2026first – last mentioned
67% recommend33% neutral
"Henry M. Paulson, Jr., former Secretary of the U.S. Treasury and CEO of Goldman Sachs, delivers a behind-the-scenes account of China's rise as an economic superpower. When Hu Jintao, China's then vice president, came to visit the New York Stock Exchange and Ground Zero in 2002, he asked Hank Paulson to be his guide. It was a testament to the pivotal role that Goldman Sachs played in helping China experiment with private enterprise. In DEALING WITH CHINA, the bestselling author of On the Brink draws on his unprecedented access to both the political and business leaders of modern China to answe
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Read Hank Paulson's book, Dealing with China. That's a the former CEO of Goldman Sachs who opened the Chinese banking markets, and became Secretary of Treasury, overseeing the financial collapse here in 2008 (1). It's from 2015, goes up through…
on “China temporarily shuts down thousands of factories in pollution crackdown” ↗> debt holders get pissed To understand what this actually looks like, read Hank Paulson's Dealing with China where he describes speaking with Chinese leaders during the 2008 crisis. The Chinese are massive holders of US dollars and did not find TARP or quantitative easing amusing. https://www.amazon.com/Dealing-China-Insider-Economic-Superp...
on “When Does Federal Debt Reach Unsustainable Levels?” ↗…Jinping has been working hard on this problem set, along with his predecessors and many around him for a long time. To really understand his whole-of-economy approach, I highly recommend Hank Paulson's Dealing with China (3). He has and maintains a narrative of literally going from a boy in a cave to the leader of the largest nation on Earth. Much like the narrative arc Churchill maintained for himself (the Prof Blank…
on “How the U.S. became a science superpower” ↗Read Hank Paulson's book, Dealing with China. The Communist Party can only extract so much value from to masses while corruption and opacity are the norm in government. Instead of looking at the economy as a virtuous cycle of re-investment making…
on “China smartphone market suffers hard-landing, shipments decline 21% in Q1 2018” ↗I'd encourage you to read this book, it certainly made me think differently about China: Dealing with China: An Insider Unmasks the New Economic Superpower by Henry M. Paulson https://www.amazon.com/Dealing-China-Insider-Economic-Superp...
on “It's Gotten Too Hard to Strike It Rich in America” ↗…happened, and again, I'm not saying it with an opinion (that would be another discussion). Without any judgement, imo: China is good at creating extractive systems. (I'll add, if you've not read it, "Dealing with China An Insider Unmasks the New Economic Superpower By Henry Paulson" is a fantastic book)
on “France high-speed rail traffic disrupted by 'malicious acts' on Olympic ceremony” ↗This is actually something Hank Paulson comments on in his book "Dealing with China": the Chinese have a huge government, but they actually have something like a half to a third as many government workers per capita. And their comms infrastructure, despite the Huewai bruhaha, is severely…
on “Study Pinpoints Source of Banned Gas That Saps Ozone Layer: Eastern China” ↗Hank Paulson indicated in his book, "Dealing with China" that there is actually a respectable current of environmentalism in China, anchored in the Buddist and Confuscian past.
on “China ready to hit back at U.S. with rare earths” ↗This is eerily suggestive of a vulnerability Hank Paulson hinted at in his 2014 book "Dealing with China" "Every nonelectric cooler comes with 25 years of free real-time monitoring. On a visit to the company in the spring of 2012, I watched as technicians in Broad Air’s space-age control room checked on…
on “I think the military commissary's freezers were hacked” ↗