text: I liked this book for its analysis of political phenomena. However, I found it weak on issues facing companies today in China or that the new business economy has created:  There was little or no discussion of the institutional problems facing China in its transition.  The journalistic background of the author also peeked through and some sections were too breathless for me.  I disagree with the simplistic conclusion (among others) that water and pollution are the two major problems facing companies operating in China
  