The China Dream : How the Aspirations of Government, Business, and People Are Driving the Greatest Transformation in History

WALL STREET JOURNAL BESTSELLER Many Americans do not have a full understanding of China today. But there is another Chinaone that has created the greatest economic transformation in history. Since the early 1990s, hundreds of millions of people have moved to cities in China, where they gain access to better schools, healthcare, and infrastructure, as well as higher-paying jobs. China GDP has grown from $300 per capita to more than $10,000 in the past 30 years and lifted more people into the middle class than in any other country at any other point in human history. It is important for investors, U.S. companies and anyone interested in the global economy to understand China. This is not to view China simply through rose-colored glasses. But despite the tensions between the US and China, it is essential to remember an important point often overlooked 1.4 billion Chinese consumers. China is rapidly shifting from an export-driven, low-cost manufacturer to a consumer-driven economy, and the wealth of Chinese consumers continues to grow. As the founder and CEO of KraneShares, an asset management company focused on China and headquartered in New York, author Jonathan A. Krane provides an inside look at Chinas transformation into a global superpower and explains why the relationship between the US and China is the most critical economic relationship in the world today. Krane witnesses firsthand how Chinas technological and scientific innovations are ripe with potential for those who understand the opportunity. KraneShares has $9 billion under management across 30 funds listed in the US, UK/Europe, and Hong Kong. The China Dream is your guide to understanding Chinas unmatched economic growth and fully realizing its status as an essential element in any well-designed investment portfolio, global business and participation in the global economy. WALL STREET JOURNAL BESTSELLER “An American corporate executive’s paean to 21st-century China—and a call for doing business there.” —Kirkus Reviews Many people do not have a full understanding of China today, yet it has created the greatest economic transformation in history. Since the early 1990s, hundreds of millions of people have moved to cities in China, where they gain access to better schools, health care, and infrastructure, as well as higher-paying jobs. China’s GDP has grown from $300 per capita to more than $10,000 in the past 30 years and lifted more people into the middle class than in any other country at any other point in human history. It is important for investors, US companies, and anyone interested in the global economy to understand China. China is rapidly shifting from an export-driven, low-cost manufacturer to a consumer-driven economy, and the wealth of China’s 1.4 billion consumers continues to grow. As the founder and CEO of KraneShares, an asset management company focused on China and headquartered in New York, author Jonathan A. Krane provides an inside look at China’s transformation into a global superpower and explains why the relationship between the US and China is the most critical economic relationship in the world today. The China Dream is your guide to understanding China’s unmatched economic growth and fully realizing its status as an essential element in any well-designed investment portfolio, global business, and participation in the global economy. CONTENTS INTRODUCTION Building Bridges 01 The China Dream 02 Differences That Unite 03 Where We Are 04 Doing Business Under the Five-Year Plan 05 Misconceptions 06 The Belt and Road Initiative 07 Financing Growth and Innovation 08 Urbanization, Megacities, and Smart Cities 09 Trends in Services and Technology 10 Commerce and Ecommerce 11 A Green China 12 A Healthy China 13 China at Leisure 14 Trade 15 The Future ENDNOTES INDEX "The China Dream is your guide to understanding China's unmatched economic growth and fully realizing its status as an essential element in any well-designed investment portfolio, global business and participation in the global economy"-- Provided by publisher