📖 On page 86 of 448 of Dealing with China by Henry M. Paulson, Jr.
Finished the section on the IPO of China Telecom (Hong Kong) and read through the more difficult IPO of PetroChina. There are some conflicting statements between the two accounts which I find interesting as they relate to doing business in general. I’m sure they stem, in part, from retelling the stories nearly 20 years later along with editorial oversight. In the first account he complains of not having enough time while in the second he complains of a client dragging things out and going too slowly.
The retelling of history from his perspective is perhaps a bit too measured but expected given that he’s still actively working and maintaining an image. There are a few interesting bon mots from time to time, but I’m beginning to think that reading a bit more hard-hitting history would be more enlightening given what I know of China. I’m beginning to read this more for enjoyment and entertainment that the original historical and economic visions I had anticipated.
While a generally interesting read so far, I find it to be a bit too antiseptic as if it’s either been over-edited or the ghost writer watered down all the personality.