China Versus the West

China Versus the West

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Tselichtchev, Ivan John Wiley & Sons Singapore Pte. Ltd., 2012 Audio summary available
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IN THIS SUMMARY

In China Versus the West, Ivan Tselichtchev describes the Western economic crisis that occurred parallel to unyielding Chinese growth and how this created a global power shift. He explains the genesis of China’s stronghold. It refuses to accelerate the appreciation of its currency, it actively invests in Third World countries to gain access to natural resources and garner political clout, and its national resources companies now compete globally. China is also emerging as a technological innovation and R&D center, and has used its financial strength to acquire many Western companies. China’s economic strength allows it to shape global markets to its advantage. The West requires a comprehensive China policy that increases exports, enhances competitiveness in a global market with China-imposed rules, counterbalances China’s influence in Third World countries, and retaliates against China’s unequal conditions for competition.