Is China Buying the World? Nolan Peter
China has become the world's second biggest economy and its largestexporter. It possesses the world's largest foreign exchangereserves and has 29 companies in the FT 500 list of the world'slargest…
Specifikacia Is China Buying the World? Nolan Peter
China has become the world's second biggest economy and its largestexporter. It possesses the world's largest foreign exchangereserves and has 29 companies in the FT 500 list of the world'slargest companies. 'China's Rise' preoccupies the globalmedia, which regularly carry articles suggesting that it is usingits financial resources to 'buy the world'.Is there any truth to this idea? Or is this just scaremongeringby Western commentators who have little interest in a balancedpresentation of China's role in the global political economy?In this short book Peter Nolan - one of the leadinginternational experts on China and the global economy - probesbehind the media rhetoric and shows that the idea that China isbuying the world is a myth. Since the 1970s the global businessrevolution has resulted in an unprecedented degree of industrialconcentration. Giant firms from high
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