Chapter 8 China is the answer

From a certain point of view, China's reform process in general has little connection with the West.Discussions among Chinese academics and among intellectuals and government officials about the pace, nature and scope of reforms, and how far they have gone According to comments from the world and journalists, China is a closed country undergoing internal changes.But while structural transformation within China is a necessary condition for Sino-US integration, it is not a sufficient condition. When China joined the World Trade Organization in December 2001, China had already undergone tremendous changes, not only through the aforementioned reforms, but also through the increasing number of foreign companies doing business in China.This book will tell the story of China's integration into the world market and how the world market changed China.But now we are missing an important point. In the late 1980s, Western companies began tentatively entering the Chinese market; in the 1990s, their steps became more daring.Through starts and stops and setbacks in development, these companies have found a foothold in China and are beginning to reap the rewards of their efforts and investments.These companies, mainly American ones, have played a role in China's transformation, but this is only one aspect of the problem.China has also changed these American companies. In the United States and Europe in the 1990s there was a sense of optimism and the belief that anything was possible.However, behind this false appearance, the actual situation is not so optimistic.The American free market model is facing adversity, and economic development is about to reach its peak.In order to find a way out, the leaders of American companies have made almost every attempt.Few believe the answer lies in China.As it turns out, however, China is the answer.