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- Product code: 19684
- ISBN: 1841197882,
ISBN13: 9781841197883,
288 pages, paperback
Published by Constable & Robinson on 2004
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Description of Mr. China |
In the early nineties, China finally opened for business and Wall Street wanted to get in on the act. When the investment bankers arrived from New York with their Harvard MBA's, pinstripes and tassly shoes, ready to negotiate with the Old Cadres, the stage was set for a collision between Wall Street's billions and the world's oldest culture. The book tells the true story of a Wall Street banker who had climbed to the top but found that it wasn't enough. Looking for glory, he came to China to surf on the next new investment wave and teamed up with an ex-Red Guard and an Englishman living in Beijing. In less than two years, they raised four hundred million dollars and bought up factories all over China. But they learned the hard way that China plays by its own rules. Left sitting in their board rooms whilst the Chinese marched off in their own different directions, they looked on as their four hundred million slid towards the abyss. Faced with no option but to fight, they embarked on a series of desperate battles to regain control from powerful local Chinese.
Their struggle in such unfamiliar territory provides a unique and amusing insight into the fallibility of Wall Street and the chaotic workings of modern day China. It reveals the human face of a vast and complex country struggling to modernise but determined to stick to its own rules.
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About Tim Clissold |
Tim Clissold was born and raised in North Yorkshire. After graduating in Physics and Theoretical Physics from Cambridge University, he joined Arthur Andersen and worked in London, Australia and Hong Kong where he developed a fascination with China. He spent two years studying Mandarin Chinese in London and Beijing before becoming one of the founding partners of a private equity group investing in China. He has lived and worked in China for sixteen years and during that time travelled to almost every part of the country.
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