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eBook New Shanghai: The Rocky Rebirth of China's Legendary City ePub

by Pamela Yatsko

eBook New Shanghai: The Rocky Rebirth of China's Legendary City ePub
Author: Pamela Yatsko
Language: English
ISBN: 0471843520
ISBN13: 978-0471843528
Publisher: Wiley; 1st edition (December 1, 2000)
Pages: 298
Category: Economics
Subcategory: Perfomance
Rating: 4.1
Votes: 812
Formats: lrf lrf rtf azw
ePub file: 1880 kb
Fb2 file: 1595 kb

Pamela Yatsko's New Shanghai is one of those "must read" books about China.

Pamela Yatsko's New Shanghai is one of those "must read" books about China.

She lived in Shanghai with her husband from 1995 to 1998 before moving to Hong Kong and returning to the city frequently.

Yatsko is also a veteran China reporter, but her work concentrates on the key city of Shanghai

Yatsko is also a veteran China reporter, but her work concentrates on the key city of Shanghai. She has a solid base for measuring the achievements of the current reforms: in the 1920s and 1930s, Shanghai was the preeminent cosmopolitan city in Asia - the "Paris of the East" - and a leader in trade and finance. Although the city has scored impressive achievements since the Mao era, it still lags far behind what it was before World War II, especially in cultural and intellectual spheres.

I have just finished her book, and just wanted to tell other readers that I thought it was an excellent look at the changes Shanghai has undergone and the challenges the city faces. My favourite sections of the book were about the development of Shanghai's stockmarkets-price manipulation and insider trading being the norm-and the gaps in the city's social safety net, particularly healthcare.

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Find many great new & used options and get the best deals for New Shanghai: The Rocky Rebirth of China's . Weaving anecdotes with analysis, Yatsko's lively narrative addresses key aspects of the city's rebirth

Weaving anecdotes with analysis, Yatsko's lively narrative addresses key aspects of the city's rebirth. By painting pictures of Shanghai today, the book provides a better understanding of the Shanghai and China of tomorrow.

Great Books About China’s Future. Friday 15th February 2019Sunday 24th May 2015 by Newman Tours. For those that want to learn more about Shanghai and China’s Future, here are some tried and tested recommendations from Newman Tours: New Shanghai: The Rocky Rebirth of China’s Legendary City by Pamela Yatsko. A good academic book for those that wish to learn more about how modern Shanghai has emerged.

Bibliographic Details. The Rocky Rebirth of China's. Publisher: John Wiley & Sons, New York. Publication Date: 2001. Weaving anecdotes with analysis, Pamela Yatsko?s lively narrative addresses key aspects of the city?s rebirth: The building spree of the 1990s and how it turned into a massive glut; Shanghai?s resurrection as a financial center; its drive to remain a manufacturing powerhouse; its cultural reawakening; the growing divide between rich and poor; the return of fortune-hunting foreign business; and the revival of notorious Old Shanghai vices: nightlife, drugs and prostitution.

As an admitted Shanghai chauvinist, I look forward to reading books dealing with the city where I studied more than two .

As an admitted Shanghai chauvinist, I look forward to reading books dealing with the city where I studied more than two decades ago, particularly ones such as this which promise a rather comprehensive overview of the Shanghai scene at the turn of the millennium.

A compelling account of the rebirth of China's greatest city. Earmarked by China's leaders to again become an international business hub, Shanghai, in less than a decade, has blossomed from a depressed industrial town, forgotten by the outside world, into a shimmering metropolis filled with glass skyscrapers, modern factories, and thumping discotheques. Foreign investors are once again flocking to Shanghai, which is commonly seen as an up-and-coming rival to New York, Tokyo, and Hong Kong as the world's most important financial centers. But is it?

Is Shanghai, the capitalist Mecca of the Far East in the 1920s, re-emerging as the New York of Asia? The Whore of the Orient? The stomping ground of China's artistic elite? China's version of Silicon Valley? A tinderbox of social unrest as state-owned companies lay off workers by the hundreds of thousands?

Weaving insightful anecdotes with astute analysis, respected journalist Pamela Yatsko addresses these questions and many others to provide a vivid portrait of Shanghai, past and present. New Shanghai's lively narrative, culled from interviews with Shanghainese at all levels of society, explores key aspects of contemporary Shanghai -- from finance, foreign business and state enterprise reform, to vice, culture and social change. New Shanghai takes us into the world of shady Chinese stock speculators, prosperous yuppies, distraught laid-off workers, determined foreign executives and alluring bar girls, giving texture to the tumult that has rocked urban China. By painting pictures of Shanghai today, New Shanghai offers readers a better understanding of Shanghai and China tomorrow.

Ferri - My name
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.
It's about time that literature on Shanghai came into the present tense. The first book to be written on modern Shanghai does quite well despite it's lack of predecessors. The author focuses on the economic and political sides of Shanghai's reemergence, but throws in some fascinated social and cultural angles as well. Well-researched and academically solid, it is nonetheless peppered throughout with a good appreciation of the many humorous ironies of modern China and makes for an enjoyable read.
The author is not only well-versed in her subject; her fondness for the city is evident, which is one reason the book is so engaging. For some it will provide a fascinating and enlightening introduction to Shanghai as it is, more seasoned Shanghai hands will recognize names and experiences while having such aspects as the inner workings of Shanghai's political mechanizations revealed as never before.
Although New Shanghai shortchanges the areas of arts and culture, and can be a little repetitive in emphasizing its main points, it's overall an excellent book that I recommend highly.
.................................................................................................................................................................................................................................................................... An eye-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 Shanghai is 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 of Asian Society
Not really many books from the perspective of an American journalist tackle issues of Chinese business, political structure, people's life and cultural heritage in such a tremendously meticulous and positive way like what Pamela Yatsko has done in his book New Shanghai: the Rocky Rebirth of China's Legendary City. Yatsko discovers something common and uncommon in Shanghai, China's legendary City. As an Asian journalist, Yatsko places his profound insights gained through years of her experience covering that region in the micro context of political and economic perspective.
Yatsko obviously fell in love with her --- Shanghai. Not only the book's title is so catching and so touching ---with such descriptive words as "rocky", "rebirth" and "legendary," --- even a quick glimpse of the introduction of the book --- the Allure of Shanghai --- will let readers be impressed! See how Yatsko leads us into this book and this city: "What makes one fall in love with a particular city? It's understandable if the object of desire is scenically breathtaking, like Hong Kong, or overflowing with magnificent art works and architecture, like Paris. When the city is none of those things, the allure is more difficult to explain. Before I left the United Sates in 1994 to take up a position as Shanghais Bureau Chief for the Far Eastern Economic Review, I recall telling friends how I had long dreamed about living in Shanghai. Inevitably their chin would sink into their neck, their nose would crinkle up on one side, and they would ask: `Why?' Although they might have some notion of Shanghai in its legendary 1920s heyday, their incredulity was based mostly on vague impressions of China as a poor country and of students being run over by government tanks in Beijing in 1989. They obviously thought I was a little crazy to leave the tree-lined streets and modern comforts of Cambridge, Massachusetts in exchange for that. Well, maybe I was, but all I could tell them was that ever since I had first visited Shanghai in February of 1986, the city had fascinated me."
Why Shanghai exerted such a fascinating power on her and why Shanghai should become an oriental Paris in her heart were the issues that she explored extensively in the whole book. Yatsko was the Far Eastern Economic Review's first Shanghai correspondent and bureau chief since the Chinese Communist Revolution in 1949. She lived in Shanghai with her husband from 1995 to 1998 and frequented their visit to that city from their Hong Kong base.
Yatsko's view is very valuable and convincing, if too haste to say "objective." However, As an American from Boston, Massachusetts, she certainly would consciously and unconsciously compared Shanghai with Boston, the city where she was born and educated. She received her Bachelor's Degree from Smith College in 1984 and her Master's Degree specializing in China Studies and International Economics from the Johns Hopkins University School of Advanced International Studies in 1988.
What surprised her most, however, which she could not help admiring, about Shanghai, in the first place, was the people: many Chinese youngsters could speak fluent English even without being abroad and know the business and the world very well. She expressed her amazement toward Chinese young students linguistic competence many a time in her book. The second deep impression that she had gained was about the place, the city: Shanghai, as a legendary city, an oriental Paris, now is reawakening, reshaping, and redefining itself.
When she was in Shanghai, Yatsko had done numerous interviews with Chinese young job seekers and people of business establishment. In her book, she depicted such formal and informal meetings with ordinary Chinese in great detail, and, with great enthusiasm and passion. This is one of her descriptions about her encounters:
"Kim's appearance was as radical as her behavior --- at least for Shanghai. Whereas in Beijing, young people on society's fringe sometimes adopt the skiked collars, green hair and other anti-establishment accoutrements of alienated Western youth; it is exceedingly rate in Shanghai. Kim, however, wore work boots and baggy clothes appealed to her most. She wore her hair cropped close to her Buddha-like face, occasionally shaving hr head all together."
"Although she had never been abroad, she spoke colloquial English with casual fluency rather that the stilted variety that Chinese learned at school. Unlike other applicants, she suggested thoughtful story ideas and understood what a foreign journalist's needs."
Yatsko portrayed her meeting with Jimmy Zou, a clerk of Shanghai trust and investment bank on another occasion. What Yatsko tried to unveil about her meeting with Zou was not just an interaction with an ordinary Chinese, but she attempted to expose a picture that Shanghai was en route to becoming a center of stock exchange, a new New York or London. See how she recounted her interviews with Jimmy:
"Watching Shanghai's capital markets in the 1990s was like riding a roller coaster whose brakes had failed because the ride operator had neglected to install and service them properly. Whenever the car threatened to careen out of control, the operator --- read authorities --- used a sledgehammer to stop it in its tracks. During a period of particular volatility in 1996 and 1997, Chinese traders like Jimmy Zou gave me a good idea of what makes Shanghai's markets tick. To me, his story suggests how far Shanghai has come since China's Communist policy makers in Beijing reopened the Shanghai Stock Exchange in December 1990 and designated the city to reemerge as an international financial hub. It also shows how far China's largest city has to go."
"In January 1997, I asked Zou to meet me for lunch at Pasta Fresta, one of Shanghai's new Italian eateries. Wearing a long wool overcoat against the winter chill, the 30-year-old had the look of a prosperous man. A diamond-studded gold band circled his ring finger and his pocket bulged with a new mobile phone --- most Shanghainese at the time sill relied on pagers. After we found seats and placed our orders, I asked Zou how he started trading A-shares. Exuding confidence, he happily explained: " `I fist got the bug in 1991 while working at the Shanghai tourist bureau; I had a friend at the Shanghai Stock Exchange who helped me make a lot of money.'"
"What do you mean you had a friend at the stock exchange who helped you make a lot of money?"
"Oh, she would give me good news."
"What do you mean by `good news.'"
"She told me inside information early. She would tell me which A-share to buy, and, never fear, within two days it would go up."
"Good news, indeed. `How much money did you make that year?'"
"'Oh, about 200,000 Yuan,' he chuckled." What Yatsko attempted to demonstrate was, ostensibly, not just a transcript of a dialog between a Western journalist and a Chinese A-share trader, instead, she tried to showcase how Chinese "capitalism" machine was running. As she wrote: "Clearly, Shanghai has come a long way from the days when even mentioning the words "stocking market" in a favorable light could land a dunce cap on your head. In terms of building the hardware of a financial center --- setting up sock markets, promulgating laws, establishing brokerages, listing companies, etc. --- it is quickly catching up with its more advanced rivals in the region."
Yes, Shanghai re-emerged as a modern city with glittering skyline, new skyscrapers, prosperous villas and malls, busy department stores, glimmering neon, miles of elevated highways and modern way of living. Stock exchange, nightlife and business suggest a rhyme that may compare with New York, Tokyo, Singapore or London. Yatsko, with a profound admiration toward this fast-growing city, exclaimed that Shanghai entered into a new epoch of renaissance.
New Shanghai: the Rocky Rebirth of China's Legendary City provides a detailed description about, and a penetrating insight to, Shanghai, an old city that is in the process of rebirth. Privileged with her journalist experience, Yatsko, the writer of the book, captured the essential aspects of this changing city: "the wild building spree-trend-glut of the 1990s, Shanghai's drive to reestablish itself as a financial juggernaut; its cultural reawakening; the growing divide between `haves' and `have-nots'; the return of fortune-hunting foreign business; efforts to reform state enterprises; and the revival of Old Shanghai's vices
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.
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