Recent and Upcoming Books
The Bill from the China Shop: How Asia's Savings Glut Threatens the World Economy
By Charles Dumas and Diana Choyleva, Profile Books, May 2006, 160 pages
We are taught that saving is good, but in their upcoming book Dumas and Choyleva argue that when people everywhere are saving, global risks mount. Dumas and Choyleva analyse the reasons behind the excessive savings in China and other developing Asian countries after the 1997 Asian crisis, explaining how this savings glut has resulted in America's massive current account deficit and bulky debts in US households. The authors warn that the trend must be ended, otherwise the household demand could collapse following soaring interest rates; China, too, could encounter a serious economic downswing. The book provides a better understanding of economic globalisation and the financial and geopolitical consequences created by excessive savings.

Guanxi (The Art of Relationships): Microsoft, China, and Bill Gates's Plan to Win the Road Ahead
By Robert Buderi and Gregory T Huang, Simon & Schuster, May 2006, 320 pages
Guanxi (meaning mutually beneficial relationships essential to success in China) tells the inside story of how Microsoft's research lab in China grew from an idea to a major market player and how it underpinned the company's relationship building in the country. The book presents striking descriptions of people behind the innovative trends, providing a vivid picture of the global war for scientific talent, the future of innovation and the growing partnership between the world's most famous capitalist and the world's largest communist nation. Microsoft's road to success holds important lessons for those who want to win in China. It's an essential read for business leaders, entrepreneurs and technologists to understand cultural diversity in the age of globalisation.