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1 - Introduction

Published online by Cambridge University Press:  05 June 2012

Yasheng Huang
Affiliation:
Massachusetts Institute of Technology
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Summary

In a New York Times article entitled, “Funny, I Moved to Beijing and Wound Up in Pleasantville,” Elisabeth Rosenthal, Times reporter in China, provides a humorous account of a typical weekend outing in Beijing. She describes driving her kids to a soccer game in a sports-utility vehicle (most probably made by Beijing Jeep, a joint venture, or JV, with DaimlerChrysler), loading up on toilet paper supplies at Price Smart, stopping by one of the over forty McDonald's in Beijing for a Big Mac, and Dairy Queen or Baskin-Robbins for a sundae. She writes, “So this is what the Communist Party means by ‘socialism with Chinese characteristics’! But isn't this what it's like in Des Moines?”

To elevate – or, depending on one's view, to denigrate – Beijing all the way to Des Moines is arguably a sign of one of the hallmark events in modern times: China's integration into the world economy. Foreign firms, either singly or as JVs with Chinese firms, have established a ubiquitous presence in China. Rosenthal could also have mentioned that on China's congested streets, the indisputable king of the road is the Santana, a sedan with a 1970s' look and a 1980s' engine design. The Santana is assembled in Shanghai by a JV with Volkswagen. In 1998, for every 100 passenger cars sold in China, forty-eight were Santanas.

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Chapter
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Selling China
Foreign Direct Investment During the Reform Era
, pp. 1 - 64
Publisher: Cambridge University Press
Print publication year: 2002

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  • Introduction
  • Yasheng Huang, Massachusetts Institute of Technology
  • Book: Selling China
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511815164.004
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  • Introduction
  • Yasheng Huang, Massachusetts Institute of Technology
  • Book: Selling China
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511815164.004
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Yasheng Huang, Massachusetts Institute of Technology
  • Book: Selling China
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511815164.004
Available formats
×