China’s Change reveals the key to China’s record-breaking economic transformation: its traditional philosophy, China’s X-Factor. Harnessing two millennia of history and thought to create a process that manages change, this roadmap enables any society, firm or individual to handle today’s accelerating global disruption. Ironically, Chinese thinking has similar approaches to those that powered the West’s economic dominance for two centuries, using such now-ignored ideas as long-term thinking, clear priorities, gradualism and nonideological pragmatism.
It is rare for a foreigner to understand China from the ground up. Hugh’s advantage is that he got to understand China’s diaspora before working in China, going through numbers at the ground level and meeting people engaged in both business and officialdom. This book gives one of the best insights into how China is changing, as she grapples with globalization, one of the truly momentous changes in the 20th and 21st centuries.
Buy a copy of the book at the event.
About Hugh Peyman
After reading Politics, Philosophy and Economics at Oxford and co-authoring The Great Uhuru Railway: China’s Showpiece in Africa (Gollancz London 1976), Hugh Peyman moved to Hong Kong in 1977 with Reuters before working in 1979 for the Far Eastern Economic Review in Kuala Lumpur as financial and business correspondent.
In 1981, he began over 35 years of investment research for global fund managers. An emerging markets pioneer throughout Asia, Peyman headed Asian research ex-Japan for Merrill Lynch and Dresdner Kleinwort Benson before founding Research Works in 1999 to provide independent, long-term analysis for investors in Asia. Peyman was the first to predict several major turning points: China’s renminbi revaluation, its demand doubling world oil prices and residential property prices falling 30% in 2007-08 before their 2015-17 recovery.
In global commodities, he forecast the decade-long bull market, then the end of the Super Cycle and the sharp fall in commodity prices after 2011, in what is likely to be a two decade decline in real commodity prices. Peyman moved to Shanghai in 2002 to observe what for anyone interested in economics, business and social development was clearly going to be The Greatest Show on Earth.
Some 16 years later he is still in Shanghai trying to fathom China’s change. Looking for what anyone in today’s increasingly disrupted world can adapt from China, be they from post-Economic Miracle Asia, post-Brexit Europe or culture wars-divided US, he discovered that managing change by understanding traditional Chinese philosophy is China’s overlooked X-Factor.
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