Overview

Ram Charan, veteran strategist with a Harvard doctorate in business strategy, identifies the fact-based root cause of the US-China clash. No one has named it clearly until now. China has built capacity in selected industries equal to the world's total demand. It uses scale and a 50 percent plus currency-parity advantage against the dollar to generate a trillion-dollar surplus every year. This strategy has already destroyed ten industries in America and among its allies. Another ten are now targeted. The book details China's method of industrial encirclement. It also sets out America's enduring strengths and its capacity for renewal. It shows how Washington misread China's thrust for decades and responded only with incremental steps until Trump confronted the issue with tariffs and negotiation. Charan evaluates that approach with its strengths and weaknesses, then outlines a sharper path forward. Central to this is convergence among allies, the creation of a modern department of manufacturing, and coordinated action to reverse China's trade-surplus advantage. China's ambition is not simply to surpass the United States. It is to dismantle the industrial base of America and its allies. For business leaders the stakes are immediate. The book shows what actions companies must take, the obstacles they face, and how to position for survival and growth. The analysis is grounded in Charan's personal experience. He has served on boards of Chinese companies, worked in depth with more than fifty firms in China, coached Robin Li of Baidu, and advised corporations in the United States, India, Brazil, China, and Japan. He has been a long-term advisor to Jack Welch, an award-winning teacher, a corporate board director, and a trusted problem solver at the highest level. This book delivers a practical roadmap for governments, businesses, and leaders as they confront the most consequential economic clash of our time.

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9781646872459

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Ram Charan is a bestselling author, teacher, and world renown advisor to CEOs and other business leaders of some of the world's best-known companies, including Toyota, Bank of America, Aditya Birla Group, Novartis, Fast Retailing (Uniqlo), and Humana. The author of close to forty books, four of which were bestsellers, he is known for providing real-world solutions-- the kind of advice you can use Monday morning. His book Execution, lauded for its practicality, spent more than 150 weeks on the New York Times best-seller list. Ram has an MBA with high distinction and a doctorate degree from Harvard Business School, where he was a Baker Scholar and faculty member. He was elected a Distinguished Fellow of the National Academy of Human Resources, was on the Blue Ribbon Commission on Corporate Governance, and serves or has served on a dozen boards in the US, Brazil, China, India, Canada, and Dubai.

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