📖 On page 16 of Dealing with China by Henry M. Paulson, Jr.

Former head of Goldman Sachs and U.S. Treasury Secretary Henry M. Paulson , Jr. and the cover of his 2015 book Dealing with China

📖 On page 16 of 448 of Dealing with China by Henry M. Paulson, Jr.

A simple preface followed by an anecdote about the beginning of a deal relating to telecom. The style is quick moving and history, details, and philosophy are liberally injected into the story as it moves along. This seems both interesting as well as instructive.

Highlights, Quotes, & Marginalia

“There are some who believe that an immutable law of history holds that conflict is inevitable when a rising power begins to bump up against an established one. But no law is immutable. Choices matter. Lessons can be learned.”

‚ÄĒpage XIV

“Prescriptions, after all, are easier to make than predictions.”

‚ÄĒpage XIV

“Note taking allows Party and government officials to get quick reads on what went on at meetings they didn’t attend. […] Private meetings with senior government officials without recoring devices or note takers are rare and highly sought after.”

‚ÄĒpage 10

“…the so-called iron rice bowl, the cradle-to-grave care and support guaranteed by the government through the big companies people worked for.”

‚ÄĒpage 11

“The Party had made a simple bargain with the people: economic growth in return for political stability. That in turn meant Party control. Prosperity was the source of Party legitimacy.”

‚ÄĒpage 11

“Messages in China are sent in ways that aren’t always direct; you have to read the signs.”

‚ÄĒpage 14

“It was the nature of dealing with China: nothing was done until it was done.”

‚ÄĒpage 14

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