Is China Buying The World?

Is China Buying The World?

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RUR 3956.47

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Описание

China has become the world's second biggest economy and its largest exporter

Дополнительная информация

By contrast, Chinese firms have a negligible presence in the high-income countries in other words, we are inside them' but they are not yet inside us

China has been unsuccessful so far in its efforts to nurture a group of globally competitive firms with leading global technologies and brands

China's 70-odd national champion' firms are protected by the government through state ownership and other support measures

Giant firms from high income countries with leading technologies and brands have greatly increased their investments in developing countries, with China at the forefront

Global firms are deep inside the Chinese business system and are pressing China hard to be permitted to increase their presence without restraints

Is there any truth to this idea Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy In this short book Peter Nolan one of the leading international experts on China and the global economy probes behind the media rhetoric and shows that the idea that China is buying the world is a myth

It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies

It provides a much-needed perspective on current debates about China's growing power and it will contribute to a constructive dialogue between China and the West.

Multinational companies account for over two-thirds of China's high technology output and over ninety percent of its high technology exports

Since the 1970s the global business revolution has resulted in an unprecedented degree of industrial concentration

Their growth has been based on the rapidly growing home market

They are in industries such as banking, metals, mining, oil, power, construction, transport, and telecommunications, which tend to make use of high technology products rather than produce these products themselves

This balanced analysis replaces rhetoric with evidence and argument

Whether it will be successful in the future is an open question

China's Rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to buy the world

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