The speed and scope of China’s economic growth is changing the global distribution of power and resources, possibly to the detriment of the major industrial powers. In a new book, Managing the China Challenge: How to Achieve Corporate Success in the People's Republic (Brookings Press, 2011), Kenneth Lieberthal, senior fellow and director of the John L. Thornton Center at Brookings, illuminates the internal political “deal” between China’s political and economic leaders that makes rapid economic growth possible in ways that increasingly pose problems for the country’s future. Lieberthal also outlines the implications for foreign firms and provides far-reaching recommendations for changes in longstanding corporate strategy to achieve success in China.
On June 22, the John L. Thornton China Center at Brookings hosted the launch of Managing the China Challenge. Brookings Visiting Scholar Jeffrey Bader joined the discussion after Lieberthal’s opening remarks. Kemal Derviş, vice president and director of Global Economy and Development at Brookings, provided introductory remarks and moderated the discussion.
After the program, the speakers took audience questions.