New Shanghai: The Rocky Rebirth of China's Legendary City
By:
Pamela Yatsko
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Average Customer Rating: 5.0 out of 5
Description:
"An eyes-wide-open look at modern Shanghai, its past roots, as well as present achievements, hang-ups and shortcomings. Balanced, detailed, and carefully researched by a perceptive and expert journalist. New Shanghaiis essential background for any foreigner who needs to understand the challenges and opportunities of life and work in a China grappling with rapid change."--Nicholas Platt, President, Asia Society "Pamela Yatsko is the best guide I can imaging to the New China emerging in the global information age. Seeing Shanghai through her sharp eyes is better than a personal tour, because she digs behind the scenes to find the meaning of the changes sweeping China, as well as the unfinished work still ahead for the cities shaping China's future. New Shanghai is insightful, illuminating, comprehensive and entertaining. This is a "must read" for anyone interested in doing business in China and througout Asia." - Rosabeth Moss Kanter, Harvard Business Review, author of World Class
Publisher: John Wiley & Sons
Customer Review: 5 out of 5
A Must Read - Pamela Yatsko's New Shanghai is one of those "must read" books about China. Yatsko did much of the research for this book while living and working in China. She lived in Shanghai from 1995 to 1998, while serving as the Eastern Economic Review's first Shanghai correspondent and bureau chief since 1949. Following this assignment, she worked for the Economist Group as managing editor of Hong Kong's Business China--a job which allowed her to return to Shanghai frequently.
Yatsko's experiences writing about China's economy led her to explore the many facades she discovered pervading contemporary China. According to the author, while the exteriors of many facets of Shanghai look glitzy and modern, the interiors often tell a vastly different story. The book is divided into key aspects of the city's revival: real estate, the budding world of high finance, growing socio-economic disparity, the return of the multinational firms and their expats, vice, the future of state-owned businesses and their employees, and the status of the arts.
Summarizing Yatsko's conclusions would spoil a juicy read. So, suffice it to say that she uncovers the ways in which expectations for the city have often not been realistic and means by which the future lies in the ability of reality to catch up with these expectations. Considering the industrial and cultural wasteland the city became between 1949 and 1979, Shanghai truly has undergone an amazing renaissance. Will it become the New York City of Asia? Should it? The author gives us pause for many such thoughts. I lived in Shanghai from 2005-2007, and this book clarified many aspects of the "new China" for me.
The book is well-researched and sheds insights on both the city's achievements and her challenges for the future. All of the key elements making up this brave new city are helpfully placed within their historical context. New Shanghai makes essential reading for anyone who seeks to put modern Shanghai life into perspective.
Fun Fact: On the inside book jacket, you'll find a review by one of Shanghai's own literary celebrities, Lynn (Ling) Pan. She was also interviewed by the author for this book.
Customer Review: 5 out of 5
Truly Shanghai - As a Shanghainese who is sick of the feverish optimism about China nowadays, I was deeply skeptical when I first opened this book. It turned out to be the best book on China I have seen so far. The book, especially its second chapter on the financial market, is full of coolheaded analysis and down-to-the-ground reliable facts. Sometimes, it even shames me for not knowing Shanghai as well as this foreigner does. I recommend the book as a very reliable source of information for those interested in Shanghai and as a book to keep some authentic memory of Shanghai for those overseas Shanghaineses.
Customer Review: 5 out of 5
Fascinating Story, Great Window into Emerging China - I worked in business in Shanghai during 1995-98 and continue to travel there often. I have yet to come across a more interesting or useful book about Shanghai's metamorphosis and the changes taking place in urban China in general. Although Shanghai and China are fast moving targets, the book provides a spot-on snapshot of the issues facing Shanghai at the millennium and has helped me make sense of this fascinating yet perplexing city. The author really captures the successes and failures of fin de siecle Shanghai well. Also, there's lots of anecdote to make the book a lively read-the chapter on vice is particularly fun. I recommend it for anyone who is interested in understanding what's beneath Shanghai's glittering surface.
Customer Review: 5 out of 5
Not the obvious - Yatko's book far exceeded my expectations. Well argued, carefully thought out and with an excellent thesis. It is easy for old Shanghai residents (such as myself) to revel in an Old Shanghai nostalgia that has long ceased to exist. Yatsko highlights and illustrates many points that we overlooked, ignored or never knew in the first place. Valuable reading for anyone planning to do business in China or simply interested in this great city.
Customer Review: 5 out of 5
New Shanghai - I found "New Shanghai" not long ago as I was preparing to visit Shanghai after six years in the states, and was attracted to it immediately. Having lived in Shanghai most of my life, I have to say that the author knows about Shanghai better than I do. I'm only familiar with the life of my like, but the book has a broad coverage, from the upper class to the cultural underdogs. In particular, I liked to read Yatsko's interviews with various people, which added a sense of reality. Yatsko has captured Shanghai's fastest socio-economic changes since it lost the luster as the most prosperous city in the Far East early last century. With her solid knowledge of economics and first-hand experience, the stories are credible and the analysis is insightful. Whereas "old Shanghai" has aroused most scholarly interest due to its relation to modernity, Yatsko's depiction of Shanghai's rebirth in the 1990s also offers a unique hindsight on its past. Although I wish I could have read this wonderful book earlier, it's not so late in the sense that I now know more interesting places
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