An interesting and fun read, reminds me of several business books I read about how to get along with the Japanese when I was just getting my first job for a Japanese corporation.
There are several themes and underlying views, about how to deal with the 'mysterious culture of the Orient'. It was interesting to see some similarities between the two major Asian economies, especially surrounding the issue of 'Face'. Other similarities included obfuscation of decision makers, and looking for non-verbal cues and body-language hints.
The only chapter I had an issue with was the one titled "Chinese mice don't eat cheese". The flaw here is not with the discussion on China, but the fact that no mice actually eat cheese because it is lethal to them. Instead, mice actually prefer grain (hence the presence of farmyard cats around the world).
While things may have changed somewhat business-wise since the book came out, it is a enjoyable light read about Chinese culture, with a dash of history and business sense thrown in.