{"product_id":"is-china-buying-the-world-hardback-9780745660783","title":"Is China Buying the World? (Hardback) 9780745660783","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eIs China Buying the World?\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003ePeter Nolan (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780745660783, Polity Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 18 May 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e120 pages\u003cbr\u003e21.6 x 14.5 x 1.9 cm, 0.318 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"China frightens the west. Rarely, however, do westerners look at how the world looks to China. Among the few westerners able to look at the world from the Chinese point of view is Peter Nolan... In [this] thought-provoking book... he addresse[s] one of the big fears about China – that it is buying the world. His answer is no: we are inside China but China is not inside us.\"\u003cbr\u003e \u003cb\u003eMartin Wolf,\u003c\/b\u003e \u003ci\u003e\u003cb\u003eFinancial Times\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e \u003cbr\u003e \"Peter Nolan knows more about Chinese companies and their international competition than anyone else on earth, including in China.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eFinancial Times\u003c\/b\u003e\u003c\/i\u003e \u003cp\u003e\"This new book joins the debate with breath-taking depth and width, probing the very heart of the global economic system that we currently live in.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eLSE Politics Blog\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"A balanced and very honest analysis.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eGlobal Journal\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e \u003cbr\u003e \"Another excellent product of Nolan's fruitful academic career. In spite of its brevity, this highly readable yet rigorous volume closely engages many essential issues that directly concern the future of the world's economic and political orders.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eChina Perspectives\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e \u003cbr\u003e \"This is a useful little book; not only for its assessment of China, but also for its résumé of the globalised West and indeed worth a look for that alone.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eLiberator\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e \u003cbr\u003e \"A well-argued rebuttal of anti-Chinese xenophobia, full of remarkable statistics.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eThe Age\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"A slim and agile study of the eponymous question, which primarily seeks to debunk the growing myth.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eInternational Affairs\u003cbr\u003e \u003cbr\u003e \u003c\/b\u003e''This is an analysis which replaces rhetoric on Chinese companies with evidence''\u003cbr\u003e \u003c\/i\u003e\u003cb\u003eBusiness Week\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e \"Nolan makes a convincing case against panic. Even China's vast sovereign wealth is small compared to the market capitalisation of the companies listed on the stock exchanges of the West.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eThe CA Magazine\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Nolan's slim factual volume is a model of clarity.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003eMorning Star\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"An important perspective that challenges popular conceptions.\"\u003cbr\u003e \u003ci\u003e\u003cb\u003ePublisher's Weekly\u003c\/b\u003e\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"If you want to learn about large companies, their role in the global economy and in China's rise, there is no better guide than Peter Nolan: his analyses are factual, measured and persuasive.\"\u003cbr\u003e \u003cb\u003eVaclav Smil, University of Manitoba\u003cbr\u003e\u003cbr\u003e\u003c\/b\u003e\"There is a wealth of current information in the book. The prose is succinct. It is aimed at addressing the question of China “buying the world” in the most direct, fact based way.\"(Studies on Asia 2013)\u003cbr\u003e\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eChina has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. ‘China's Rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to ‘buy the world'.  \u003cp\u003eIs 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?\u003c\/p\u003e \u003cp\u003eIn 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. Since the 1970s the global business revolution has resulted in an unprecedented degree of industrial concentration. Giant firms from high income countries with leading technologies and brands have greatly increased their investments in developing countries, with China at the forefront. Multinational companies account for over two-thirds of China's high technology output and over ninety percent of its high technology exports. Global firms are deep inside the Chinese business system and are pressing China hard to be permitted to increase their presence without restraints.\u003c\/p\u003e \u003cp\u003eBy 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's 70-odd ‘national champion' firms are protected by the government through state ownership and other support measures. 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. Their growth has been based on the rapidly growing home market. China has been unsuccessful so far in its efforts to nurture a group of globally competitive firms with leading global technologies and brands. Whether it will be successful in the future is an open question.\u003c\/p\u003e \u003cp\u003eThis balanced analysis replaces rhetoric with evidence and argument. 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.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of Tables vii \u003cbr\u003eAcknowledgements ix \u003cbr\u003eIntroduction 1 \u003cbr\u003e\u003cb\u003e1 Who are We? Who are They? 11 \u003c\/b\u003e\u003cbr\u003e\u003cb\u003e2 Who are We? 15 \u003c\/b\u003e\u003cbr\u003e2.1 Globalization and industrial concentration 15 \u003cbr\u003e2.2 Evidence from automobiles and beverages 25 \u003cbr\u003e2.3 Globalization and 'going out' by global firms 38 \u003cbr\u003e\u003cb\u003e3 Who are They? 55 \u003c\/b\u003e\u003cbr\u003e3.1 China catches up 55 \u003cbr\u003e3.2 China is still far from 'catching up' 66 \u003cbr\u003e3.3 China's deepening relationship with developing countries 70 \u003cbr\u003e3.4 Oil companies and energy security 75 \u003cbr\u003e3.5 Multinational companies 'going in' to China 84 \u003cbr\u003e3.6 Chinese firms 'going out' of China into the high-income economies: 'I have you within me but you do not have me within you' 95 \u003cbr\u003e3.7 Constraints on China 'buying the world' 102 \u003cbr\u003e\u003cb\u003e4 The Complexity of 'Us' and 'Them': The Case of Strategic Industries 110 \u003c\/b\u003e\u003cbr\u003e4.1 Banks 110 \u003cbr\u003e4.2 Commercial aircraft 119 \u003cbr\u003e\u003cb\u003eConclusion 132 \u003c\/b\u003e\u003cbr\u003eIs China buying the world? 132 \u003cbr\u003eWho are we? 133 \u003cbr\u003eWho are they? 136 \u003cbr\u003eThe complexity of catching up 142 \u003cbr\u003eReferences 144\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Polity","offers":[{"title":"Brand New","offer_id":52407326212376,"sku":"9780745660783","price":38.66,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780745660783.jpg?v=1784162186","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/is-china-buying-the-world-hardback-9780745660783","provider":"Freshly Printed Books","version":"1.0","type":"link"}