Is China Buying the World?

Is China Buying the World?
Author :
Publisher : John Wiley & Sons
Total Pages : 138
Release :
ISBN-10 : 9780745660943
ISBN-13 : 0745660940
Rating : 4/5 (43 Downloads)

Book Synopsis Is China Buying the World? by : Peter Nolan

Download or read book Is China Buying the World? written by Peter Nolan and published by John Wiley & Sons. This book was released on 2013-04-30 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: China 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'. 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. 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. 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'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. This 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.


Is China Buying the World? Related Books

Is China Buying the World?
Language: en
Pages: 138
Authors: Peter Nolan
Categories: Business & Economics
Type: BOOK - Published: 2013-04-30 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

China 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
China in the World Market
Language: en
Pages: 366
Authors: Thomas Geoffrey Moore
Categories: Business & Economics
Type: BOOK - Published: 2002-03-18 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

This book will be provocative reading for anyone concerned with China and the world economy.
The End of Cheap China
Language: en
Pages: 192
Authors: Shaun Rein
Categories: Business & Economics
Type: BOOK - Published: 2012-02-13 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

As China evolves, so does the global marketplace—all the way down to the consumer The End of Cheap China is a detailed look at the rise of China, and how it w
How China Escaped Shock Therapy
Language: en
Pages: 271
Authors: Isabella M. Weber
Categories: Business & Economics
Type: BOOK - Published: 2021-05-26 - Publisher: Routledge

DOWNLOAD EBOOK

China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assi
The Future of China's Bond Market
Language: en
Pages: 52
Authors: Mr. Alfred Schipke
Categories: Business & Economics
Type: BOOK - Published: 2019-03-13 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes