The CoStone Reader Recommends Vol. 7



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Huawei: Leadership, Culture and Connectivity

By Tian Tao, Wu Chun Bo

    Ren ZhengFei, founder and CEO of Huawei, brought success to Huawei, thanks to his extraordinary management philosophy. Huawei is now growing into a world giant which catches the world’s attention. The success of Huawei is enlightening for enterprises to march forward under a more intricate economic and political landscape. This book can be the Bible of whom wants to learn about Huawei. Nine chapters display the evolution of Huawei and reveal Ren Zhengfei’s management philosophy. How can Huawei become what it is today? The readers can find the answer in this book. Liu Chuanzhi, founder of Lenovo, believed that it was the most comprehensive book about Huawei.



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Reading Tang Poetry with Chiang Xun & Reading Song Poems with Chiang Xun

By Chiang Xun

    Tang Dynasty has been a cradle of outstanding poems and home to many great poets in history, like Li Bai, Du Fu and Wang Wei. In this book, the author explains his favorite 100 Tang poems and poets in ten chapters. From Wei and Jin Dynasties to late Tang Dynasty, literature to aesthetics, Zhang Ruoxu to Li Shangying (famous poets), he uses poetic and meaningful words to whisper the basics poems and stories of poets. Readers thus can enjoy the beauty of poems between the lines.

    Song poems are of great significance in the Chinese literature history. The author shapes this great chapter of Chinese literature, the Song poems, with his own brilliant storytelling. Readers are able to appreciate elegance, transcendence and courage beneath the Song poems from Five Dynasties and Ten Kingdoms period, to the Southern Song Dynasty and Northern Song Dynasty. Reading Song poems feels like tasting the bittersweet, loneliness, joy and satisfaction in life. When emotions roll over you, you are able to balance the gains and losses and heal yourself between the lines.



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The Growth Map: Economic Opportunity in the BRICs and Beyond

By Jim O’Neill

    In this groundbreaking work of investment guidance, The Growth Map features Jim O’Neill’s personal account of the BRIC concept and how it has evolved. O’Neill offers a new definition for those potential markets like the BRICs and the “Next Eleven” countries (Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, South Korea, Turkey, and Vietnam). The Growth Map is an indispensable guide for every investor and participant in the global economy. Anyone who wants to understand the developing world would do well to heed the man called "one of the most sought-after economic commentators on the planet.”



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The Question of God

By Armand M. Nicholi. Jr.

    “Know yourself”, a proposition of Socrates, has been haunting one generation after another. Overwhelmed by the chores in life, how can we ever reflect ourselves and grasp the true meaning of living? In The Question of God: C.S. Lewis and Sigmund Freud Debate God, Love, Sex, and the Meaning of Life, Dr. Nicholi presents the writings and letters of Lewis and Freud, allowing them to “discuss” on the subjects like morality, happiness, love, sex, death and God. Their answers toward the essential questions in life have been the most influential and contradictory, which reveal people’s pursuit for the ultimate meaning of life and struggles. Although the two masters represent different meanings of happiness, Dr. Nicholi manages to combine these arguments and poses a new way of reflection.

Rewritten by: Luo Xinying, Edited by: Du Zhixin, Wei Yiyi

The year 2019 marks the fortieth anniversary of China’s Reform &Opening-Up, once again, we meet at the turning point of history. What’s the next step for the game, is there any clear guidance? The answer is affirmative.

Our country is enjoying a good momentum of development, which does not come from the Washington Consensus nor the Beijing Consensus. China’s experience has proved that both the visible hand and the invisible hand are crucial: the visible hand, stands for the government-led reform, and would yield benefits for reform and opening up; the invisible hand, stands for the Marginal Power represented by the private sector, and would improve economic efficiency and tax collection, create jobs and employment opportunities.

Provided that we want to protect and expand the benefits form reform, three simple but mandatory agreements are to be made and followed: No.1 Private ownership must be recognized, protected and treated equally with public ownership constitutionally, both ownerships are scared and inviolable;No.2 Make further clarification of the principal position of market economy, “deepen economic system reform by centering on the decisive role of the market in allocating resources”, as President Xi addressed in the third Plenary Session of the 18th CPC Central Committee;No.3 Implement the guiding principles of “comprehensively promoting law-based governance” of the fourth plenum. The rule of law is essential for economic growth, irreplaceable to protect private ownership, and necessary to encourage innovation and entrepreneurship.

Above are three rules for us to avoid falling into the Middle-income Trap. Assuming that we are breaking systematic barriers to private enterprises’ participation in market economy, and boosting innovation and entrepreneurship of our society, then we are heading towards a promoting direction. We are marching in the path of light, regardless of the ups and downs of Sino-US relationship, the drop in GDP growth rate, or the monetary policy.

These principals also apply on knowing how better to run a business: don’t be hedged by rules and regulations at the beginning, pay more attention to your survival, and you’ll learn more when you start your second business.

For many years, Huawei has been the only Chinese company on the list of the Top 50 R&D Spenders. Regardless of the economy and its income, what Huawei has been doing is investing in its future, dedicated to R&D, continuously and resolutely. This provisional work underscores Huawei’s accomplishments, making Huawei anindustry leader.

So, there are standard answers on how to run a company,which could be summarized as concentration and professional dedication, continuous investment on innovation and trying harder in R&D. Entrepreneurship is also important, every single company needs entrepreneurs to push aside all obstacles and difficulties, to implement strategies and ideas. We, as investors, are destined to look for such outstanding entrepreneurs and their companies, invest in them and partner with them.

At this key point of history, a country, a company, or asingle individual, will all need to find the right path. Four decades after the Reform and Opening-up, it’s time to learn from our experience and stop “wadding across


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