Taking the Bosses Hostage
Joshua Kurlantzick: China goes into reverse, 26 March 2009
Factory Girls: Voices from the Heart of Modern China
by Leslie Chang.
Picador, 432 pp., £12.99, February 2009,978 0 330 50670 0 Show More
by Leslie Chang.
Picador, 432 pp., £12.99, February 2009,
Capitalism with Chinese Characteristics: Entrepreneurship and the State
by Yasheng Huang.
Cambridge, 366 pp., £15.99, November 2008,978 0 521 89810 2 Show More
by Yasheng Huang.
Cambridge, 366 pp., £15.99, November 2008,
“... bargain with the US, in which China would essentially subsidise American consumption. According to Michael Pettis, an economist at Peking University, Until recently, excess US demand and excess Chinese supply were in a temporarily stable balance. As part of running a trade surplus, China necessarily accumulated dollars, which had to be exported to (invested ... ”