From the Publisher
Giles Chance does a masterful job at weaving his immense knowledge of China and economics into a convincing case that China's emergence into the world economy, especially in regard to its impact on the global supply of consumer products, was a key factor in the crisis. If policy makers had recognized the real impact of China, it is likely that monetary policy and the path of the world economy would have been very different. This book should be read by anyone who truly wants to truly understand all aspects of this amazing economic period we have experienced.
Robert G. Hansen
Senior Associate Dean, Norman W. Martin 1925 Professor of Business Administration, Tuck School of Business, Dartmouth College, N.H., USA
The author, with his unique experience and understanding [of China], has raised interesting issues in the book. A recommended read for anyone who has been affected by the Credit Crisis, as well as those with a professional research interest in this subject.
Chairman, Guotai Junan Allianz Fund Management Co. Ltd., Shanghai
A fascinating and authoritative account of the relationship between the banking crisis and the emergence of China, and as good an analysis as you'll get on the changes taking place in our world as a result.
Founder and Editorial Director, The Week and MoneyWeek
Giles Chance is a keen observer of market developments and institutional change in the 25 years he has lived in China. His views about the probable developments in the next several decades are provocative.
Professor Emeritus of Economics and Finance, University of Chicago
Author, The International Money Game
…the credit crisis has changed the balance of global financial power. This has altered, and in some ways strengthened, China's global position. Giles analyzes this new situation in his book, which I think is the first one to cover this subject directly and in some depth...I recommend this important book to people around the world who want to understand better China's emergence as a superpower. Zhang Wei Ying
Dean, Guanghua School of Management, Peking University
…In this clear-eyed and thoughtful book, Giles Chance, who has lived and worked in China for much of the past two decades, delivers a penetrating portrait of China at this crucial juncture in its history…We learn how China's emergence will shake up the existing world order, how the world's most populous nation is set to lead Asia economically and diplomatically, and how wealth and influence will shift from the West to the East…
Editor, FT China Confidential
Author, China Shakes the World