Losing the New China

Book excerpt: "What Gutmann discovered in the company meetings, cocktail parties, and after-hours expat haunts made him uneasy. Motorola reps bragged of routinely bribing Chinese officials for market access; Asia Global Crossing executives burned through company expense accounts while racking up massive losses for the corporation; PR consultants provided svelte Mongolian prostitutes and five-star hotel suites for home office delegations. In Beijing's expat fast lane, success was measured not only by market share, but also in the ability to pay off favors by lobbying for Chinese interests in Washington. Treating the New China as a combination El Dorado and Lotus Land, American businessmen allowed themselves to be drawn into a hallucinatory Orientalist dream world of easy money and moral complicity."--BOOK JACKET.