The Dragon Millennium was written by Frank-Jurgen Richter.

China is the third largest economic power in the world. Despite the current economic crises in Asia, the contributors to this unique volume are convinced that opportunities in China can only increase. They look at the opportunities and the management practices that implement them. They study the Chinese economy, forecast the future of Chinese business organization, and assess China’s place in the global economy. Chinese firms are actively pursuing new strategies to shape their organizations. The current Asian crisis will change the patterns of doing business in China and how Western firms can cope with it. The present structure of the Chinese economy is what other books tend to describe. A dynamic approach to the study of Chinese organizations is advocated by Richter’s. The scope of the book is more focused on transforming organizations than other mainstream studies. Their book is a true inside view of China’s economic and business structures by people who have studied and know it, a book that will help corporate executives and their academic colleagues appreciate China’s vitality and understand the reasons for her optimism. Despite the rise to prominence of Chinese business enterprises, knowledge of China is still relatively sparse. The Chinese experts seek to fill the gaps. They look at the complex questions associated with the concept of ownership and control in China and address economic policy and the development of the Chinese firm. They looked at the development path of some industries, then looked at the challenges multinational companies face in China, ending with a discussion of a hypothetical way of managing. The contributors are members of the worldwide Chinese business and academic communities. In the face of evolving Chinese reality, the research presented inspired further academic discourse and managerial policy. Business practitioners, policy analysts, scholars and students in China and abroad can get expert knowledge from the book.

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