Peter Nolan: Is China Buying the World?
China is the world’s second biggest economy and its largest exporter. It possesses the world’s largest foreign exchange reserves and has 29 firms in the FT 500 list of the world’s largest companies. ‘China’s Rise’ preoccupies the global media, which carry regular 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 – Professor of Chinese Management at the University of Cambridge and 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 founded on misapprehensions. To listen to extracts from an interview with Peter Nolan about this book, click on the links below. To listen to the complete interview, click here. 1. Peter Nolan begins by discussing the prevailing discourse in Western media, which …