Dancing with the Dragon: Cautionary Tales of the New China from an Old China Hand

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Patrick Jenevein Steve Fiffer

Dancing with the Dragon

Cautionary Tales of the New China from an Old China Hand

Patrick Jenevein, Steve Fiffer

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English

Christmas Lake Press
01 October 2024

Politics & government; Economics & Business; Economic systems & structures; International business

In an honest and freewheeling conversation with New York Times best-selling author Steve Fiffer, Jenevein recounts the story of his two-decade attempt to work fairly, forthrightly, and faithfully with his Chinese counterparts, his travels via jumbo jets, puddle jumpers, jeeps, and camels, his elation over sealing a groundbreaking deal designed to bring success to everyone, and his disappointment-and disbelief-over being betrayed by his Chinese partners, who had also become friends. Equally important, he reflects on the current state of US-China relations and offers a roadmap for the critical coming years.

In his twenties, Jenevein accidentally fell into the energy business in Texas; in his thirties he serendipitously fell into the energy business in China; and in his forties, he pivoted from building power plants and wind farms to manufacturing wind turbine blades. Within five-plus years, that joint venture with China's state-controlled aviation and military behemoth AVIC was valued at $1.8 billion.

Buoyed by their success, the partners set their sights on the burgeoning wind farm markets in the US, Europe, and South America. When his Chinese partners breached the new venture's contract, Jenevein sought an amicable resolution, but the Communists played by their own rules. In harrowing detail, he relates how they not only refused to settle the dispute but also threatened him and his family.

These tribulations led to a trial with issues that eventually worked their way up to the US Supreme Court. Jenevein painstakingly recreates the prickly David v Goliath proceedings that led to a rare instance in which a US company prevailed against a state-controlled Chinese entity...and actually collected on the judgment.

Jenevein is currently persona non grata in China. But thanks to his unique understanding of that nation's culture, politics, and business, he has built a successful strategic consulting firm whose clients include the US government agencies and numerous multinational corporations. In a thoughtful coda to this cautionary tale, the old China hand shares his thoughts about how to deal with the dragon today and in the future. Educating ourselves about the world's only other superpower is essential, he says. Both entertaining and eye-opening, Dancing with the Dragon is an excellent primer for doing just that.

By: Patrick Jenevein
With: Steve Fiffer
Imprint: Christmas Lake Press
Dimensions: Height: 229mm, Width: 152mm, Spine: 20mm
Weight: 513g
ISBN: 9781960865243
ISBN 10: 1960865242
Pages: 350
Publication Date: 01 October 2024
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Active

Patrick Jenevein serves as the chief executive at Pointe Bello, an intelligence driven, strategy development firm that provides pioneering open-source intelligence to governmental and commercial bodies on the People's Republic of China's economic statecraft activity world-wide. Prior to launching Pointe Bello, he co-founded Tang Energy Group and, partnering with Chinese state-owned enterprises, developed businesses in the power-generating and electrical infrastructure sectors, including power plants, wind farms, and a manufacturer of wind turbine blades. In 2022, a Jenevein-led lawsuit against China's behemoth defense enterprise, AVIC, resulted in unprecedented findings and collection of damages.Jenevein is a graduate of Davidson College, a Council on Foreign Relations Life Member, past Chairman of both the Dallas Committee on Foreign Relations and the Boys and Girls Clubs of Greater Dallas. His speaking appearances have included the Council on Foreign Relations, The Aspen Institute, Milken Institute, National Security Council, Pentagon and Naval Postgraduate School, and the U.S.-China Economic and Security Review Commission. He has published work in, among others, The Wall Street Journal, Taipei Times, Business Week, Fortune, and The Dallas Morning News. Steve Fiffer is a New York Times best-selling author whose books include his memoir Three Quarters, Two Dimes, and a Nickel, Jimmie Lee and James, and The Moment, as well as collaborations with former Secretary of State James Baker, civil rights icon C. T. Vivian, Southern Poverty Law Center founder Morris Dees, and former U.S. Ambassador Robert Jordan. The winner of a Guggenheim Fellowship, he is a graduate of Yale and the University of Chicago Law School.

Reviews for Dancing with the Dragon: Cautionary Tales of the New China from an Old China Hand

""An unvarnished firsthand account of both the promise and pitfalls of doing business in China, ending with corruption and betrayal and featuring secretly taped recordings and dramatic courtroom battles. A 'much needed' and uniquely nuanced portrayal of what it means to dance with the dragon."" -- Elizabeth C. Economy, Senior Advisor (for China) to the Secretary of Commerce, and bestselling author of The World According to China, among others ""... Jenevein's harrowing David v. Goliath story of partnering with then battling the Chinese state's behemoth defense contractor ... Helpful to leaders around the world ... [with] provocative but insightful suggestions on addressing a broad range of challenges that emanate from the Communist Party of China .... Simply: caveat emptor."" -- Kenneth A. Hersh, President and CEO, George W. Bush Presidential Center and co-founder and former CEO, NGP Energy Capital Management ""Patrick's narrative will shock the average reader with its exposé of the hardball tactics his Chinese 'partners' used to undercut his budding enterprise and appropriate his company's employees, projects, and opportunities. As the Wall Street Journal observed, the 'legal record should serve as a warning to any American considering business with ... Chinese state-owned enterprises.'"" -- Robert W. Jordan Ambassador (Ret.), and author (with Steve Fiffer) of Desert Diplomat: Inside Saudi Arabia Following 9/11 ""Jenevein's story reads like a thriller. Knowing he made it through the journey and prevailed, his takeaways from brawling with the Communist Party add perspectives that can and should help any US administration stand up to China."" -- Dr. Rob Spalding, Brig Gen, USAF (Ret), CEO of SEMPRE, and bestselling author of War Without Rules: China's Playbook for Global Domination and Stealth War: How China Took Over While America's Elite Slept ""A master class in how to use customized intelligence and the rule of law to thwart the malevolent intentions of a major PRC state-owned enterprise. This book should be required reading for business and government leaders grappling with the challenges posed by the Communist Party of China."" -- Jay T. Young, CAPT (Ret.), USNR, Intelligence, President, Dallas Committee on Foreign Relations