This short book is more than food for the brain, it is fascinating, a snapshot of history. Touching on a popular subject and often asked question by the global media; Is china buying the world? 
Peter Nolan’s well researched short book is full of facts and weighty political and financial debate. Nolan certainly knows his stuff, as well he should; he is Professor of Chinese Development at the University of Cambridge and is one of the leading international experts on China and the global economy.
Did you know?: China accounts for 26 percent of the total foreign holding of US debt. However Britain and Japan hold more US public debt than China. China only holds 12 per cent of total US public debt.
Everyone in business should read this book. It also has lots of fun, fascinating graphs and tables. This book gives a stunning insight into business in China, the UK, US and beyond.
Another point I got from the book is a certain racism against China. I know China has a dodgy history of human rights, but it would seem that the western world is finding it hard for anyone else to take over it’s dominance: perceived or otherwise. A point that Nolan point out is not good for peace or international relations. The book also touches on another subject “Who are We?” and are there any business which are British, or American left?
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?
This book is a must-read. A lot of people are worrying about the ‘awakening giant’ of China, let Peter Nolan allay your fears.
