[527]Suntech Power Holdings, for example, has grown big and successful as China’s leading maker of silicon photovoltaic solar cells; Thomas L. Friedman, ‘China’s Sunshine Boys’, International Herald Tribune , 7 December 2006. Also ‘China Climbs Technology Value Chain’, South China Morning Post , 30 March 2007; Victor Keegan, ‘Virtual China looks for Real Benefits’, Guardian , 1 November 2007; ‘High-tech-Hopefuls: A Special Report on Technology in India and China’, The Economist , 10 November 2007.
[528]‘Chinese Patents in “Sharp Rise”’, posted on www.bloc.co.uk/news.
[529]‘ China Makes a Move into High-value Exports’, International Herald Tribune , 7 June 2007.
[530]‘Faced with a Steep Learning Curve’, Financial Times special report on global brands, 23 April 2007.
[531]Lee, ‘Strategic Alliances’, pp. 5–6.
[532]Nolan, Transforming China , p. 206.
[533]Ibid., pp. 205, 233-93.
[534]Nolan, China at the Crossroads , p. 24.
[535]Chunli Lee, ‘ China Targets Detroit ’, World Business , April 2006, pp. 30–32. Local car-makers dominate cars priced below RM 100,000 ($12,000); foreign car-makers all those above. Ibid., pp. 30–32; also ‘Minicars Drive Geely’, South China Morning Post , 16 September 2006.
[536]‘ India ’s Car for the Common Man’, posted on www.bbc.co.uk (accessed 13/5/08). Also Anand Giridharadas, ‘Spirit of Gandhi Inspires a Bargain’, International Herald Tribune , 8 January 2008.
[537]Chunli Lee, ‘Trends of Open Product Architecture and Internationalisation of Private Companies in the Chinese Automobile Industry’, Aichi University Economic Review , 169 (November 2005), pp. 3–5, 10–14, 23-5; Chunli Lee, Jin Chen and Takahiro Fujimoto, ‘Chinese Automobile Industry and Product Architectures’, unpublished paper; Chunli Lee, ‘Product Development by Chinese Automakers: The Dilemma of Imitation and Innovation’, unpublished working paper for International Vehicle Program, MIT, July 2007, pp. 1-30.
[538]Geely, for example, has announced that it will assemble cars in Indonesia; ‘Geely to Make Cars in Indonesia as Malaysia Refuses to Host Plant’, South China Morning Post , 28 September 2006. ‘Chery Gears Up for US Roll-out’, South China Morning Post , 26 April 2006.
[539]‘TCL to Close TV Factories in Europe’, South China Morning Post , 1 November 2006.
[540]‘ US Market is Losing Its Appeal to China ’, International Herald Tribune , 18 April 2007.
[541]‘ China ’s Plane Ambitions Take Off’, posted on www.bbc.co.uk/news.
[542]‘Airbus Near a Deal for Assembly Line in China ’, International Herald Tribune , 16 March 2006.
[543]‘Chinese Group to Bid for All Six Airbus Plants’, Guardian , 19 June 2007.
[544]‘Air Battle on the Ground in China ’, International Herald Tribune , 28 February 2007.
[545]‘China Plans Space Station in 2020’ and ‘China Launches First Moon Orbiter’, posted on www.bbc.co.uk/news.
[546]For the steady penetration of Chinese TV sets into the US market, see Shenkar, The Chinese Century , pp. 152-3; and China Goes Global (London: Financial Times , 2005).
[547]‘Faced with a Steep Learning Curve’, Financial Times special report on global brands, 23 April 2007; ‘China Aims for Spot among Top World Brands’, South China Morning Post , 5 October 2006.
[548]Lenovo is the world’s fourth biggest PC seller; Sonia Kolesnikov-Jessop, ‘Putting Lenovo’s Brand on the Global Map’, International Herald Tribune , 27-8 September 2008.
[549]‘PetroChina Overtakes Exxon After Shanghai Debut’, Financial Times , 5 November 2007; Gideon Rachman, ‘China Has Risen’, international affairs blog, Financial Times , 9 November 2007; also Andy Xie, ‘China’s Bubble May Burst But the Impact Will Be Limited’, Financial Times , 16 October 2007.
[550]‘A Complex Rationale for China ’s Raid on Rio ’, Financial Times , 13 February 2008.
[551]Lex, ‘Chinese Oil Majors’, Financial Times , 29 October 2008.
[552]‘ China Turns Risk Averse, Even as Capital Outflows Rise’, Financial Times , 17 January 2008.
[553]Nolan, Transforming China , pp. 222, 227-8.
[554]Lawrence Brainard and Jonathan Fenby, ‘Chinese Takeout’, Wall Street Journal , 20 February 2007.
[555]Barry Naughton, The Chinese Economy: Transitions and Growth (Cambridge, Mass.: MIT Press, 2007), p. 313.
[556]Geoff Dyer and Richard McGregor, ‘ China ’s Champions: Why State Ownership is No Longer Proving a Dead Hand’, Financial Times , 16 March 2008.
[557]Geoff Dyer and Richard McGregor, ‘ China ’s Champions: Why State Ownership is No Longer Proving a Dead Hand’, Financial Times , 16 March 2008.
[558]The figures in this section are mainly based on Hu Angang, ‘Five Major Scale Effects of China’s Rise’, unpublished seminar paper, East Asia Institute, National University of Singapore, 2005, pp. 1-14; also Angus Maddison, The World Economy: Historical Statistics (Paris: OECD, 2003).
[559]Yu Yongding, ‘The Interactions between China and the World Economy’, p. 4.
[560]‘The Dragon and the Eagle Survey’, The Economist , 2 October 2004, p. 29.
[561]See, for example, Roger F. Noriega, ‘China’s Influence in the Western Hemisphere’, statement before the House Sub-committee on the Western Hemisphere, Washington, DC, 16 April 2005; Prestowitz, Three Billion New Capitalists , p. 241; and Leni Wild and David Mepnam, eds, The New Sinosphere: China in Africa (London: Institute for Public Policy Research, 2006).
[562]Prestowitz, Three Billion New Capitalists , p. 240; Shenkar, The Chinese Century , p. 110; ‘Latin Textile Makers Feel Chinese Pressure’, International Herald Tribune , 2 April 2007.
[563]Prestowitz, Three Billion New Capitalists , p. 137.
[564]Ibid., p. 199.
[565]Shenkar, The Chinese Century , p. 113.
[566]Gary Clyde Hufbauer and Yee Wong, ‘Prospects for Regional Free Trade in Asia’, working paper, Institute for International Economics, Washington, DC, October 2005, p. 4; Prestowitz, Three Billion New Capitalists , p. 226.
[567]Yu Yongding, ‘ China ’s Rise, Twin Surplus and the Change of China’s Development Strategy’, pp. 26–30.
[568]‘ China ’s Reserves Near Milestone’, Wall Street Journal , 17 October 2006.
[569]Andrew Batson, ‘ China May Get More Daring With Its $1.07 Trillion Stash’, Wall Street Journal , 15 February 2007.
[570]‘ China Money Trouble: Where to Park It All’, International Herald Tribune , 6 March 2007.
[571]‘China Voices Alarm at Dollar Weakness’, Financial Times , 19 November 2007; Keith Bradsher, ‘Rising Cost of Buying US Debt Puts Strain on China’s Economy’, International Herald Tribune , 4 September 2008.
[572]Also, Lex, ‘ China and Fannie Mae’, Financial Times , 17 July 2008.
[573]‘ China Acts to Become Huge Global Investor’, International Herald Tribune , 10–11 March 2007.
[574]‘ Beijing to Take $3bn Gamble on Blackstone’, Financial Times , 18 May 2007.
[575]‘ China ’s Two Trillion Dollar Question’, editorial, Financial Times , 11 September 2008.
[576]For a broader view of the rise of such funds, see Martin Wolf, ‘The Brave New World of State Capitalism’, Financial Times , 16 October 2007.
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