China Shakes the World: A Titan’s Rise and Troubled Future — and the Challenge for America

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Description

“Let China sleep, for when she wakes, she will shake the world.” Napoleon’s words seem eerily prescient lately, as the shock waves from China’s awakening reverberate around the globe. In China Shakes the World, the former China bureau chief of the Financial Times, James Kynge, traces these tremors from Beijing to Europe to the Midwest as China’s ravenous hunger for jobs, raw materials, energy, and food — and its export of goods, workers, and investments — drastically reshape world trade and politics.

Delving beyond mere recitation of by-now-familiar statistics, Kynge’s on-the-ground reporting provides alternative explanations for China’s explosive transformation, revealing most of the usual reasons given for its growth to be myths. Most essential for the future, he details China’s deep, systemic weaknesses — rampant fraud, crippling environmental crises, a corrupt banking system, faltering government institutions, a swiftly aging population — that threaten even greater global disruptions. And he demonstrates the profound consequences of those weaknesses for American manufacturers, oil companies, banks, and peculiar consumers.

Through dramatic stories of entrepreneurs and visionaries, factory workers and store clerks on the heart of this global phenomenon, China Shakes the World explains how China’s breakneck upward push occurred, the strange problems the rustic now faces, and the consequences of both for the twenty-first century.

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