There is still room for improvement in the adoption of climate change policies, clean energy and waste management systems. A more recent shift has been lauded internationally though regarding China’s urban development and its poverty and hunger eradication schemes. Moreover, environmental degradation and policies that do not encourage sustainability are also concerning. On the other hand, Chapter – II of the book ( China’s Biggest Strategic Mistake) raises concerns about not maintaining good ties with the business community, culminating into a weak position within the World Trade Organization.Įven though China continues to gain certain advantages through the WTO, such as in terms of technology transfers, it still has weak intellectual property mechanisms. Pragmatically, the investor has no concerns with land and can focus on profit.

Chapter – I of the book ( Introduction) highlights how investing in China can be done with ease while keeping money secure. Surprisingly, American investors are some of the largest industrialists in China, happy doing their businesses with ease. That is how China has won, without considering who the beneficiary is going to be.Ĭhina’s policy of facilitating businesses is relaxed and pragmatic, with more or less two to three window operations to install large-scale industries. China’s strategy appears to be to maintain mutual economic benefit through governance, linked with internal as well as external security, but strengthening security for China means protection, not aggression. Internal security is maintained by eliminating weaponization and ensuring public peace at large, thereby enabling a conducive business environment. There seems to be a strong relationship between governance and security. While working with an international university in the area of maritime law, we have observed that the general perception of China is not always accurately held by Pakistanis.įrom a layperson’s perspective, China seems to be like any other emerging market: the Chinese people seem to be very hard working, the country seems to have a lot of business opportunities and the nation seems to have the best infrastructure and transport, among other things.Īfter deep insight, we have observed that China’s development, from a legal perspective, stands on successful diplomacy, multilateral ties, negotiation with international organizations (particularly with the World Trade Organization and the International Maritime Organization), strong public-policy making mechanisms, efficient governance models and effective implementation.Īccording to Mahbubani’s book titled ‘Has China Won? The Chinese Challenge to American Primacy’, the systems in China have been developed by adapting multiple resilient governance mechanisms. Living in China for over two years has been quite a unique experience for us.

Kishore mahbubani new book