Beida business professor Jeffrey Towson has released this week the 2017 edition of his three-year old bestseller The One Hour China Book (2017 Edition): Two Peking University Professors Explain All of China Business in Six Short Stories he wrote together with Jonathan Woetzel. On his weblog, he explains the reason for the new edition in a fast-changing China.
We originally released it in 2013 and it (quite surprisingly) jumped onto the best-seller list (for China). It has more of less stayed on the best-seller list for the past three years.
But a new version was needed. China just changes too fast. For example, here are some of the things that have changed in the 3 years in China:
Over 30M people have moved into Chinese cities. Note: by 2025, China will have 10 New York-sized cities.
60M people bought cars and over 1,000 miles of metro lines (the distance from Dallas to Chicago) were built.
Over 20M people graduated from Chinese universities. Also, China sent more than 1.4M students to study overseas.
Over 360M Chinese tourists traveled out of the country.
Chinese companies made over $400B in overseas acquisitions.
China’s foreign exchange reserves first grew by $800B, then shrank by $1T. They ended up at $3T
Are you looking for more stories by Jeffrey Towson? Do check out this list.