Understanding China

This package begins with What the West Gets Wrong About China, by Rana Mitter and Elsbeth Johnson, which discusses three fundamental misconceptions: that economics and democracy are two sides of the same coin; that authoritarian political systems can't be legitimate; and that the Chinese live, work, and invest like Westerners. The Strategic Challenges of Decoupling, by J. Stewart Black and Allen J. Morrison, contains advice about how to navigate the future in China, whether your company is a below-the-radar player, an upstream player, a market player, or a dual player. In China's New Innovation Advantage, Zak Dychtwald points out that owing to unprecedented amounts of change over their lifetime, vast numbers of young Chinese have an astonishing propensity for adopting and adapting to innovations. And in Americans Don't Know How Capitalist China Is, an interview by Adi Ignatius, the private equity CEO Weijian Shan talks about the economic prospects for China and the United States and what each misunderstands about the other.