China, Inc.: How the Rise of the Next Superpower Challenges America and the World

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China, Inc.: How the Rise of the Next Superpower Challenges America and the World

By Ted C. Fishman
Scribner, 2005
352 pp. $26.00
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Most China specialists, after adding up all the pluses and minuses, remain a bit uncertain as to where China is headed. Fishman, in contrast, is certain that China is destined to become the next superpower. He is thus prepared to brush aside qualifications and write an enthusiastic book about the inevitable greatness of China. He is impressed that in 2003, China "bought 7 percent of the world's oil, a quarter of all aluminum and steel, nearly a third of the world's iron ore and coal, and 40 percent of the world's cement" and was the world's leader in attracting direct foreign investment, pulling in $53 billion as compared to the United States' $40 billion. He sees China soon dominating the world in manufacturing, with U.S. and European companies moving their plants to China. The more cautious China scholars will have no difficulty in spotting where qualifications are called for. Indeed, China has developmental problems that will likely keep it from living up to Fishman's expectations. Still, it is useful to have a work that identifies where many successes will lie.

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