Index

2008 global financial crisis 4, 62, 79, 85–6, Al-Moallem, Walid 299 105, 115–20, 132, 143, 156, 158, 161, 164, Alon, I 84, 453 186–7, 191–3, 195, 198–9, 202, 205–6, 211, Alphabet 147–8, 216 214, 217, 243, 258, 297, 323, 325–6, 329, al-Qaeda 290 331–3, 393–4, 417, 419, 425–6, 429, 470 Alterman, JB 299–300 3W Coffee 181 altruism 281 5G 49, 54 Amazon 47, 53, 74–5, 147–8, 150, 216–17 9/11 166, 298–9, 415, 417, 419, 425, 429 AMC Cinemas 133 10+1 Agreement 95 AMC Theatres 77 100 Talents Program 343, 347, 349, 352, 356, American Enterprise Institute 70 361, 363–70 Amin, Hafizullah 282 863 Program 44, 356 An, R 444–5 937 Program 356 Anbang Insurance Group 15, 21–2, 67, 72, 129 1000 Talents Program 178, 350, 363–8, 370, Ang, S 441–2 409, 434–5 Angola 32, 291–2, 306, 309, 313, 316 Annan, Kofi 1 A123 System 77 anti-free trade movement 156–8, 163–4, 168 Accenture Management Consulting Company anti-globalization 1, 10, 16, 138, 475–6 40 anti-immigration movement 156, 158, 164–6, Adam America 73 168 96–7, 142, 254, 282, 286, 299 anti-monopoly 34 Africa 5, 18–19, 34, 41, 91, 95, 112–13, 128, AOL 149 137, 162, 231, 244, 249–50, 254–5, 283, Apple 53, 56, 142, 147–51, 216, 397 286, 288, 290, 294–5, 299, 333, 455, 472 Apptec 456–7 see also individual countries AQUA 29 Chinese intelligence services in 305–18 Aquino III, Benigno 245 African Union 336 Arab Spring 33, 283 Afro-Asian People’s Solidarity Organization Arboit, Gérald 5 307, 309–11, 315 Areddy, JT 456 Afrobarometer 244 Argentina 398 aging society 324, 345 Arrighi, Giovanni 157–8 Agosin, MR 91 artificial intelligence 47, 49–56, 58, 180, 217 Agricultural Bank of 22 A-shares 197 agriculture 12, 21–2, 55, 71, 85, 112–13, 143, Asia Pacific 282–301 160, 175, 204, 323 Asia Society 24, 72 Aiming Inc. 130 Asia World Company 89 22 Asian Barometer Survey 259, 261–5, 269–72 Aixtron 146 Asian Development Bank 153, 242–3, 470 al-Assad, Bashar 299 Asian financial crisis 186–8, 393 250 Asian Infrastructure Investment Bank 68, 79, Albright, Madeleine 247 85, 137, 153, 240–43, 245, 260, 275, 338, Aleris Group 22 470 Algeria 162, 301, 307–10, 316–17 Asian Relations Conference 252 Alibaba 14, 24, 46–8, 50–53, 55–8, 74–5, Asia-Pacific Economic Cooperation 85, 134, 129–30, 143, 147–8, 150, 171–2, 180, 234, 260, 336, 469, 478 182–3, 212, 217 Asia-Pacific Free Trade Zone 85 Alipay 47, 183, 217 Asimov, Isaac 140 Al-Mirqab Capital 112 asset prices 105, 115–16, 120–21, 129, 132

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Association of Southeast Asian Nations 18, Bergsten, Fred 190 66, 88–9, 95, 97, 99–101, 112, 136, 213, Berkshire Hathaway 216 231, 233–4, 259–60, 339 Bernanke, Ben 190 Audi 49 Bhutan 97 Ausgrid 131 big data 49, 51 Australia 15, 18–19, 22, 33, 66, 109, 111, 119, bilateral investment treaties 225–9, 231, 233, 131, 145–6, 148, 186, 194, 213, 231, 233, 235 243–4, 327, 329, 393, 398, 402, 453, 456, bin Laden, Osama 282 458–9 Bird, A 442 Chinese studying in 376, 380–81, 413 Bishop, Julia 244 Austria 165, 398, 453 Black, JS 441–2 authoritarianism 93, 250, 266, 273–4 Black Swan incidents 132–3 AutoNavi Holdings 47 Blackstone 73 Avis 51 Bloomberg 141, 146, 396 BMW 22 Babu, ARM 306 Bo’ao Forum 40 Baccarat Hotel 67 Boeing 22 Bai Chunli 348, 368–9 Borjas, G 344 Baidu 46–7, 50–51, 54, 56, 58, 97, 129, 143, Bosnia-Herzegovina 229 147–8, 150, 180, 212 Botswana 313–14, 317 Baker, Leigh R 5 brain circulation 404–5 balance of payments 119, 121 brain drain 178–9, 346, 356, 405, 417, 434 bamboo network 315 brands 29–30, 32, 51, 61, 67, 107–8, 115, Bandung Declaration 255, 307 120–22, 127, 132, 144, 175, 183–4, 243, Bangladesh 136, 202, 335, 426 247, 279, 285 Bank for International Settlements 193–5, 199 Bratsberg, B 344 Bank of America 291 Brautigam, Deborah 112–13 Bank of China 456 Brazil 10, 51, 64, 131, 186, 205, 292, 326–7, Bank of England 194–5 329, 332, 398 Baosteel 456 Bremmer, Ian 284 Barra, Hugo 56 Bretton Woods system 157, 159, 192, 225, 324, Bat, Maurice 310 331, 333 Baucus, Max 76 Brexit 1, 10, 16, 79, 145, 153, 156, 166, 171, 475 BBC Global Scan 261 Breyer, Jim 56 45–6, 134, 171, 178, 181–2, 184, 186–8, bribery 145 205, 211, 241–2, 253–5, 259–60, 285, BRIC 328, 333 295–6, 299–300, 306, 308, 311, 313–14, BRICS 5, 70, 234, 275, 322, 325, 331–9, 469 316, 318, 322, 328, 346–7, 350–52, 356, see also individual countries 360, 369, 435, 446, 478 BRICS Bank see New Development Bank Beijing Friendship Business Service Company Brightstone Capital Partners 73 11 British pound see pound sterling Beijing GS Technology Co. Ltd. 28 British Virgin Islands 19, 111, 117 Beijing Leili Group 28 Broadcom 50 Belarus 168, 243 Brookdale Senior Living 15 Belgium 148, 243, 327, 331, 402 Brookings Institution 68 Belt & Road Initiative 2, 5, 10, 12, 27–8, 32, 39, brownfield investment 61, 65 55, 57, 67, 78–9, 84, 88, 94, 96, 101, 108, Brunei 95, 97, 231, 233 112, 115, 134–8, 146, 153, 156–7, 167–72, Buckley, P 90–92, 94–5 211, 223, 231–2, 240, 243–6, 260, 275, Buddhaghosha 249 291–2, 297, 316–18, 329, 386, 398, 438, Buddhism 88, 444 471–6, 478 Bulgaria 250 Ben Bella, Ahmad 309 Burkina Faso 316 Benelli 455–6 Burma see Myanmar Benin 228, 230 Burundi 311, 318 Bennett, JM 441 Bush, George W 249, 290, 298, 300, 477

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Bush Tower 73 challenges for the globalization of enterprise business models 45, 57, 143, 180, 454 32–6 BYD 181 civil war 252–3 competition over soft power 258–75 Cable & Wireless 186 contract patterns and characteristics 84–102 Cai, P 457 currency see renminbi Cainiao Internet Technology 48 development model 130, 134, 136, 181, Caligiuri, P 442 245–6, 470, 476 Cambodia 95, 97, 230–31, 254–5, 260, 262–8, economic growth 9–10, 45–6, 77–9, 84–6, 270–72, 274, 307 107–8, 121, 137, 143–4, 152, 175–6, 186, Cameroon 23, 308–9, 317 190, 197, 201, 205–9, 225, 232, 243, 260, Canada 5, 64, 66, 69, 72, 77, 109, 111, 119, 284, 323–4, 393–409, 476 146, 160, 186, 203, 210, 229, 243, 327, 329, enterprise globalization characteristics 11–30 393, 398, 403–4, 453, 458 Foreign Ministry 89 Chinese studying in 376, 380–82, 413–14, GDP 469 417–20, 424, 429, 431, 433–4 and global economic governance 322–39 Cao, C 345, 348–9, 357–8, 368 in global investment 105–13 Cao Xueqin 441 global power ambition 240–47 capital flight 15, 113 and global structural change 201–23 capitalism 141, 157–8, 253, 278, 289, 408 innovation and entrepreneurship going carbon emissions 211–2, 219 abroad 43–58 Carmike Cinemas 77 innovation-driven growth 175–85 Caroz, Ya-acov 308 intelligence sector 5, 305–18 Carter, Jimmy 282 international policy towards foreign Casarte 29 investment 225–36 Cayman Islands 19, 111, 117 joining WTO 2, 84, 175, 188, 196, 214, 225, Cen, CC 444 231, 324, 394–5, 414 Center for American Progress 76 management talent 438–62 Center for China and Globalization 3, 5, Ministry of Commerce 10, 12, 14–19, 26–7, 13–14, 18, 31, 33–6, 378 31, 35–7, 41, 65, 67, 78, 105–6, 108, central banks 62, 79, 192–6 110–11, 291, 315–18, 396 Central Investigation Department 306–7, 312, Ministry of Education 343, 357, 363, 375, 314 384, 386–7 Chad 312–13, 316 Ministry of Finance 349, 357, 368 Chaisse, Julien 5 Ministry of Foreign Affairs 306–7, 316–18, Chance, Giles 4 382 Chang Yen 311 Ministry of Industry and Information Changchun 346, 350–52 Technology 16–17 Changjiang Scholars Plan 349, 363–8, 370 Ministry of Personnel 357 ChemChina 127, 133 Ministry of Science and Technology 369 Chen, CC 445–6 Ministry of State Security 314, 316–17 Chen, G-M 444–5 ODI in the US 61–81 Chen, MJ 446 and Panchsheel 249–56 Chen Changgui 350–51 participation in global governance 469–79 Chen Jiakang 307 promoting globalization of enterprises 36–40 Cheng Yu Wei 314 State Council 18, 37, 44–5, 78, 127, 146, 176, Cheung Kong Infrastructure 33 232 Cheung Kong Scholars 409 talent management 393–409 Chiang Ching-Kuo 198 trends of ODI 30–32 Chiang Kai-Shek 188, 252–3 US–GCC–China relations and prospects Chile 230 282–301 China China Association for International Economic banks 15, 17, 34, 37, 73, 79, 109, 112, 116, Cooperation 18, 22, 34 125, 128, 131, 182, 191–7, 203, 208–9, China Central TV 246, 259 242, 278, 456 China Coast Guard 261

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China Communications Construction Clinton, Bill 477 Company Limited 23, 79, 86 closed economies 105 China Council for the Promotion of cloud computing 47, 49, 51 International Trade 34 coal 95, 97, 112, 122, 124, 151, 170, 211–12, China Enterprise Confederation 35 219–21 China Enterprise Directors Association 35 Cold War 284, 286, 297, 305, 313, 318, 323, China General Nuclear Power Corporation 470 131 Collis, D 440, 449 China Guardian 133 Colombia 335 China Institute of Contemporary International Committee on Foreign Investment in the Relations 318 United States 15, 22, 64, 69, 146 China International Contractors Association communism 78, 195, 250–54, 278, 282, 285, 86 307, 310 China International Trust and Investment Communist Information Bureau 250, 306 Company 315 Communist Party of China 9, 11–12, 37, 40, China Mobile 29, 54 45, 148, 150, 152, 198, 240–41, 246, 253, China National Offshore Oil Corporation 22, 259, 288, 305–7, 312, 315, 346, 356, 414 108, 146 17th National Congress 259 China National Petroleum Corporation 67, 18th National Congress 9, 12, 40, 84, 288 108, 295, 315 19th National Congress 143, 152, 171, 331, China Petroleum & Chemical Corporation 67 469 China Power Investment Cooperation 89 Ministry of Commerce 10, 12, 14–19, 26–7, China Railway Construction Corporation 23, 31, 35–7, 41, 65, 67, 78, 105–6, 108, 39, 131, 168 110–11, 291, 315–18, 396 China Railway Group Limited 23 Ministry of Education 343, 357, 363, 375, China Railway Rolling-stock Corporation 79 384, 386–7 China Resources 133 Ministry of Finance 349, 357, 368 China shock 202, 215, 218 Ministry of Foreign Affairs 306–7, 316–18, China State Grid 33 382 China– Economic Corridor 68, 112, Ministry of Industry and Information 135, 157, 169–71, 245 Technology 16–17 Chinese Academy of Sciences 343–71 Ministry of Personnel 357 Chinese Association for Science and Ministry of Science and Technology 369 Technology 343 Ministry of State Security 314, 316–17 Chinese Dream 242, 244, 260, 285 Comoro Islands 313 Chinese Investment Corporation 143 Competitive Renewable Energy Zones 76 Chinese Research Society on African Affairs competitiveness 1, 4, 11, 27, 29–30, 32, 34, 38, 315 45, 56, 67–8, 76, 115–16, 122, 125, 127–8, Chinese Scientific and Technical Society 356 130–31, 133, 157–60, 189–91, 196, 202, Chinese studying abroad 375–91 205, 222, 226, 232, 279, 284, 344, 397, see also returnees 400–401 in North America 413–36 see also power games Choi, M 458 Conference on Trade and Development 311 Chok, MK 444 Confucianism 36, 277–8, 289, 444 Chongquing 168 Confucius 277 Chu, Yun-han 5 Confucius Institutes 246, 259, 317 Chung Siu Fung 350–51 Congo 309–14, 317, 454–5 CIA 299, 310–11, 313–14, 318 Congo-Libreville 312–13 Ciabuschi, F 440, 449 construction 5, 12, 21, 23, 31, 68, 95, 112, 118, CITIC Pacific Mining 456–7, 460 122, 127, 130–31, 136, 167, 455–7 CITIC Securities 129 Contingent Reserve Arrangement 322, 333, Clausewitz, C von 142 335–9 climate awareness 3, 151, 201, 203, 211, 215, contracts 84–102 218–20, 223, 336, 471, 476–8 recent development of China’s overseas Cline, Thomas W 3–4 86–90

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Conyers, Y 456 Deng, P 453 Cook, Tim 56 12, 44, 175, 188, 204, 240–41, Cooke, FL 453 258–9, 284, 295–6, 323 Cornell University 183 Denmark 229, 398, 453–4, 457–9 corporate social responsibility 35–6, 38, 134, Desveaux, G 438 144, 232, 234, 278 Deutsche Bank 129 corruption 93, 144–6, 186, 247, 253, 259, deutschmark 195 356 developed countries 4, 13, 15, 27, 32–3, 35, COSCO Shipping Group 136 57, 62, 67, 78, 86, 110, 116, 119–21, 130, Costa Rica 28 133–4, 159, 177, 191, 195, 226, 233, 244, Council for Mutual Economic Assistance 246, 330–31, 343, 393, 395, 397, 405, 415, 163 417, 471 CPFL 131 see also individual countries Crane, D 357 developing countries 1–2, 5, 9, 27, 33, 35, 57, credit reform 196 62, 67, 78, 85–6, 91, 110, 115, 121, 128, Credit Suisse 378 131, 134, 137, 144, 159, 161, 218–20, Cultural Revolution 44, 240, 285, 309–13, 315, 233, 235, 243–4, 246–7, 250, 255, 260, 343, 360 271, 283–5, 288, 297, 324–6, 328, 330–37, culture 36, 94, 96, 110, 132, 141, 144, 203, 393, 395, 399, 403–5, 407, 417, 438, 456, 245–6, 251–2, 279–80, 285, 289, 344, 363, 470–71, 473, 475, 478 382, 388–9, 403, 406, 409, 438–42, 444–5, see also individual countries 448–50, 452–8, 460–62 development models 130, 134, 136, 181, 245–6, currency 15, 67, 79, 91, 120, 186–99, 203, 214, 470, 476 229–30, 278 diasporas 315, 343, 345, 404–5, 407–9 see also exchange rates Diawara, Ange Bidie 311 deutschmark 195 Didi Chuxing 51, 56–8, 130 dollar, Canadian 193 disruptive innovation 43, 53–4, 58 dollar, Hong Kong 187, 194 distribution channels 107, 115, 122 dollar, US 91, 120, 159, 186–7, 189–93, DJI 45, 52, 57–8 195–7 Djibouti 23, 228, 240, 317 euro 91, 133, 186, 193, 195, 197 dollar, Canadian 193 florin 187 dollar, Hong Kong 187, 194 foreign exchange reserves 138, 189–90, dollar, US 91, 120, 159, 186–7, 189–93, 195–7 194–5, 323–4, 332 Dreaming Town 182 franc 195 drones 51, 57, 205, 212, 216 global 4, 186–99 Drucker, Peter 184 pound sterling 186–7, 193, 195 due diligence 35, 118, 454, 457–8, 460 real 187 Dunning, John 14, 94 renminbi 4–5, 78–80, 120, 132, 186, 188–91, Dupuis, MJ 447 193–8, 214, 247 Duterte, Rodrigo 245 reserve 186, 194, 247, 324 yen 186, 193, 198 Earley, PC 441 Czech Republic 229, 398 East Asia 258–75, 396 Czechoslovakia 250 East 250 EB-5 visa program 72 Da Jiang Innovations 51 eBay 404 Dalian Wanda see Wanda Group e-commerce 14, 47–8, 50, 57, 74–5, 130, 172, Daoism 444–5 203, 205 Das, Satyajit 164 economic cooperation 12, 85, 88–9, 95, 134, data companies 147–51, 154 231, 274, 326, 334–5 de Diego, Enrique 3 economic growth 2, 4–5, 10, 85, 89, 91, 96, 99, de Larosiere, Jacques 193 101, 141–2, 151–2, 157, 159, 163, 167–8, Decock, H 429 170, 193, 234, 289, 335, 344, 393–409, 413, de-globalization 1, 476 470 Deham, Lionel 313 Chinese 9–10, 45–6, 77–9, 84–6, 107–8, 121,

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137, 143–4, 152, 175–6, 186, 190, 197, European Monitoring Center on Racism and 201, 205–9, 225, 232, 243, 260, 284, Intolerance 160 323–4, 393–409, 476 European Union 16, 18, 54–5, 57, 61, 66–7, 78, economies of scale 2, 218, 396, 440 89, 109, 136, 145, 149–50, 158–60, 162, Economy, Elizabeth 245 165, 171, 203, 205, 298, 402 Ecuador 28 Brexit 1, 10, 16, 79, 145, 153, 156, 166, 171, EDF 131 475 Edwards, V 447, 460 and currency 186 Egypt 164, 229, 288, 301, 306–7, 335 see also euro; Eurozone Eisenberg, Shaul 308 and global structural change 202, 212 El Mansour, B 442 Eurozone 9–10, 13, 207 Eland, I 285 Excellent Young Scientist Award 348–9 elections 93 exchange rates 116, 120–21, 129, 132–3, 159, electric cars 76–7, 107, 204, 222 188, 193, 196–7, 205, 212–14, 229–30, 284, Electronic World Trade Platform 171–2 324, 326 Ele.me 47 Export-Import Bank of China 125 Elliott, Charles W 308 Exxon Mobil 216 Emerging 440 218 emerging economies 63, 137, 144, 186, 196, Fab-com 75 324–5, 328, 330, 332, 334–5, 337, 413 Face++ 180 energy 28, 31, 37, 65–6, 70, 72, 75–7, 94–5, 108, Facebook 53, 56, 147–9, 216 110, 112, 118, 125, 131, 135, 146, 151, 157, Fairchild Semiconductor 15, 133 169–71, 201, 211–12, 215, 219–21, 284, Fang, F 456 289–97, 315–16, 474, 477 Fang, Tony 5 renewable 76–7, 89, 94, 170, 203, 220–22, Farh, J 444–5 337 Federal Bureau of Investigation 149 Energy Australia 33 Federal Reserve 9, 186, 190, 195 entertainment 21, 72, 77, 80, 108, 110–11, 119, Fenby, J 445 127, 133 Feng, Yi 4, 91–3, 95 entrepreneurship 3, 43–58, 179, 181–5, 350, Ferretti 455 403 fiat money 187 in Chinese history 43–6 financial crises 187, 208 next wave of 51–2 2008 global financial crisis 4, 62, 79, 85–6, environmental considerations 34, 38, 65, 84, 105, 115–20, 132, 143, 156, 158, 161, 89, 128, 151, 245, 279, 471 164, 186–7, 191–3, 195, 198–9, 202, see also climate awareness; pollution 205–6, 211, 214, 217, 243, 258, 297, Epic Games 75 323, 325–6, 329, 331–3, 393–4, 417, 419, EPTISA 32 425–6, 429, 470 Ericsson 54 Asian 186–8, 393 Eritrea 301 130, 229–30, 402, 459 Estonia 398 fintech 107, 182, 212 Ethiopia 128, 306, 315 Fioretos, O 331 Eurasian Economic Union 136 Fisher & Paykel 29 euro 91, 133, 186, 193, 195, 197 Fisker Automotive 77 and United States Alumni Association Five-Year Plans 204, 231, 323 178 1st 44 European Commission 146, 149–50 10th 67 European Commission against Racism and 11th 67, 231, 400–401 Intolerance 160 12th 231, 401 European Convention for the Participation 13th 10–11, 16–17, 26, 176, 231 of Foreigners in Public Life at the Local “flying geese” paradigm 115, 134, 137 Level 160 Foer, Franklin 148 European Convention on the Legal Status of Forbes 61, 170 Migrant Workers 160 foreign direct investment 1, 5, 9–11, 13–14, 16, European Court of Justice 150–51 24, 31, 33–4, 61–5, 67, 71, 80, 86, 89, 91,

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95, 105, 110, 112–13, 116–18, 145, 152, Ghana 306, 308–10, 312, 317 154, 157, 159–60, 225–8, 231, 235, 240, Giles, Colin 56 260, 404, 407, 414 Global Affairs Canada 404 foreign exchange reserves 138, 189–90, 194–5, global currency 4, 186–99 323–4, 332 global economy see world economy foreign policy 5, 145, 232, 240–42, 246–7, 250, global liquidity 192–3 254–5, 258–9, 261, 265, 274, 289, 295, 299, Global Village 1 306, 331 globalization reversal 152–4, 156–72 Fortune 500 32, 67, 78 Glu Mobile Inc. 130 Fortune China 446 Go Scale Capital 69 forum shopping 335 “Going Global” 9, 12, 37, 40, 67, 84, 90, 101, Fosun Group 129 115–16, 118, 122, 125, 131, 134, 183, Four Modernizations 44 225–6, 231, 324 franc 195 GO-JEK 55, 57 France 19, 64, 69, 111, 131, 142, 144, 162, Goldwind Science and Technology Company 165–6, 186, 194, 203, 221, 243, 291–2, 296, 76 310, 313, 317, 327, 329, 376, 384, 398, 402, Gong Dafei 313 453–5, 475 “Good-Neighborliness” policy 96 free trade 156, 158–9, 163–4, 189, 218, 225, Google 53, 56, 147–50, 404 232, 242, 274, 396, 476–8 Grab 51 see also anti-free trade movement Graham, Lindsey 189 free trade agreements 225–6, 230–31, 233, 235, Grant, A 438 283, 285, 297, 476 Great Britain see Free Trade Zones 171–2, 233 398 Freedom House 93, 97 greenfield investment 10–11, 25–7, 40, 61, 65, Friendship, Commerce and Navigation treaties 70, 76, 105, 109, 119, 132, 456 226 Greenland Group 22 Fujian 45, 316 Gregersen, HB 442 Fukuyama, Francis 275 gross domestic product 4, 10, 13, 44–6, 53, Future Science Prize 184 78–9, 84, 90–92, 95, 97–101, 145, 147–8, Fuwei, Shen 287 152, 161, 167, 170, 175–7, 179, 192, fuzzy thinking 457–8 202, 204–5, 207–14, 217–21, 243, 260, 284, 293–4, 325–6, 328, 331, 395–7, 401, G-2 241 415–16, 469 Gabon 317 Group of 7 334, 471 Gaddafi, Muammar 33, 145 Group of 8 18, 471 Gambia 314, 318 Group of 20 65, 202, 223, 231, 234, 260, 326, Gao, Bai 4 331, 333, 336, 338, 406, 469–72, 474, 478 Gao, Zhijun 4 Groupon 75 Gao Xiqing 438 45, 188, 435 Garage Café 181 Guangzhou 350, 357, 360 Gardels, Nathan 3 guanxi 356, 444, 454 Garver, JW 299–300 Guinea 254, 309, 314 GE 460 Guinea-Bissau 314 GE Appliances 14, 25, 29, 61, 107, 133 Gulf Cooperation Council 5, 282–301 Geely 107, 116–17, 455 Guyana 228 312 316 Haier 25, 29, 56, 61, 66, 78, 107, 128, 133, 456, Gere, Richard 246 458 Germany 19, 22, 26, 32, 64, 69, 111, 113, 127, Haines, VY 447 133, 146, 164–6, 168, 180, 195, 203, 210, Hammer, MR 445 213, 221, 228–30, 243, 291–2, 327, 329, Han Dynasty 44 376, 384, 393, 398, 401–2, 453, 455, 457, Hangzhou 47–8, 76, 182–4 475 Hangzhou Consensus 260 Industry 4.0 32, 45, 180, 204 56

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He, Yafei 5 industrial standards 23 He Ying 312 industrialization 61, 140, 183 healthcare 47, 52, 111, 368, 405 inflation 10, 91, 98–101, 195 241 information technology 4, 9, 12, 21–2, 24, 72, hedge funds 79, 186–7 74–5, 109–11, 118–19, 122, 161–2, 179–83, hegemony 249–51, 258, 278, 297, 300 333, 455 Heritage Foundation 24, 70 infrastructure 27–8, 32, 65, 67–8, 79–80, 86, 88, High Energy Physics Lab 345–6 90–92, 111–12, 122, 127, 130–31, 134–7, Hilton International 21, 72 148, 153, 167, 170, 204–5, 222–3, 243–4, Hinduism 36 260, 275, 305, 324, 330, 335–6, 338, 370, Hines 73 455–6, 470, 473 Hinkley Point 146, 220 Infront Sports & Media 133 HNA Group 14, 21, 32, 129 initial public offerings 48, 52, 74, 129 Hofstede, G 444 innovation 1, 3, 17, 27–8, 32, 43–58, 68, 74, Homer, P 444 107, 152, 203, 216, 273, 279–80, 324, 370, Honda 216 399–401, 403–6, 409 Hong Kong 10, 18–19, 33, 45, 48, 65–6, 73, in Chinese history 43–6 117, 119, 148, 186, 188, 194, 197, 203, 210, definition 43 262–6, 270–74, 414 disruptive innovation 43, 53–4, 58 Hong Kong Monetary Authority 194 five Chinese companies at the forefront of Hong Kong Tracker Fund 187 46–51 Honggang, Wang 286 see also individual companies Horizon Robotics 180 innovation-driven growth 175–85 House Banking Committee 188–9 next wave of 51–2 housing 9, 72, 162, 360–63, 378–9, 441 INSEAD 183 HSBC 129, 460 Institute for Competitiveness and Prosperity 45, 259, 323, 331 400–401, 407 Huajian Group 128 Institute of Biophysics 349 Huang, Min-hua 5 Institute of International Education 378, 380 Huawei 23, 29, 45–6, 49–51, 54, 56–8, 181, 184, insurance 21, 39, 47, 67, 107, 197 216, 461 Insurtech 57 human resources 29, 38, 41, 132, 178–9, 181, Intel 53 251, 394, 403–9, 438–9, 441, 446, 449, 453, intellectual property rights 45, 58, 92–3, 146, 455, 458, 460, 462 159, 184, 203, 225, 394, 401, 409 see also talent intelligence sector 5, 305–18 human rights 144, 245–6, 478 Interbrand 184 Hungary 165, 250, 330, 398 interest groups 93 interest rates 9, 116, 120–21, 129, 132, 189–90, IBM 29, 55, 74, 107, 456 196–7 ICBC 29 International Bank for Reconstruction and iCloud 216 Development 329–30 immigration 85, 157–8, 160–62, 171, 376, International Centre for Settlement of 404–5, 413, 424, 435, 475 Investment Disputes 227–8 see also anti-immigration movement International Development Association 329 India 5, 10, 36, 55, 57, 62–4, 74, 97, 101, 130, International Financial Corporation 330 162, 207, 218, 231, 233, 244–5, 249–56, international investment agreements 64, 225–6, 260, 291–3, 317–18, 326–7, 329, 332, 396, 232–6 398, 407, 413, 425–7 international law 153 Indonesia 10, 19, 48, 55, 57, 64, 94–5, 97, 101, International Liaison Department 312–13, 111, 131, 231, 249, 252, 254–5, 262–5, 315–16, 318 267–70, 272–4, 307, 335 International Monetary Fund 2, 62, 79, 93, 97, Indosat Ooredoo 148 141, 151, 167, 186, 192–3, 196, 217–18, Industrial and Commercial Bank of China 230, 244, 260, 322, 324–8, 331, 336–8 112, 129 Special Drawing Rights 186, 192–3, 196, industrial parks 39, 66, 181 198, 230

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internationalization 118–19, 121–34 Kellogg 56 Internet Plus 180, 182 Kenya 28, 311, 317–18 Intime 48 Keynes, JM 192–3, 198 investment promotion agencies 63, 113 Khan, Kublai 187–8 investor-state dispute settlement system 164, Khrushchev, Nikita 251, 254 228, 230, 236 Khurana, R 445–6 iPhone 216 Kidston Cattle Station 145–6 Iran 153, 228, 282–3, 287, 290, 292–3, 298–9, Kigeli V 311 301, 335, 426, 458–9 Kilamba, AAN 306 Iraq 142, 165, 282, 287, 290, 292–3, 299–301 Kim Jong-un 246 Ireland 150, 160, 208, 398, 407 King, R 415 Islam 36, 162, 165–6, 169, 171, 249, 274, 282, KION Group 127 287–8, 298–300, 316 Kissinger, Henry 313 Islamic State 156, 166, 283, 290, 316 Klossek, A 455 Israel 19, 53, 55, 57, 111, 133, 160, 286, 299, Kolstad, I 92, 95 308, 312, 330, 398, 402, 407 Korea 64, 94, 142, 194, 206–7, 209, 218, 228, 64, 131, 160, 165, 291–2, 317, 327, 398, 230, 233, 263–8, 327, 329, 402, 453, 478 402, 453–4, 475 North Korea 3, 228, 243 Ivory Coast 314 South Korea 19, 53, 186, 205, 213, 228, 231, 233, 262–4, 269–72, 274, 291–2, 325, James, Harold 158 328, 330, 335, 345, 376, 397–8, 425–7, 10–11, 18–19, 29, 44, 51–2, 62, 64, 69, 435 78, 93–4, 100–101, 130, 134, 156, 194, 203, KraussMaffei Group 127 205–7, 209–10, 213, 218, 231, 233, 243, Kuaidi 130 245–6, 253, 258, 262–75, 287, 291–2, 317, KUKA 22, 127, 133, 146 327, 329, 345, 376, 395, 397–9, 401–2, 408, Kulich, SJ 444 435, 453, 478 Kunming 68, 350 currency see yen Kuomintang 253, 306 Javidan, M 444 Kuwait 292–3, 295, 299–300, 330 JD.com 54, 74 Kwan, Savio 56 Jet.com 74–5 Kyoto Protocol 219 313 Kyrgyzstan 96–7 314 Jiang Wanjun 4, 91 language 40, 355–6, 377, 382, 406, 424, 442, 188, 241, 323 446–8, 450, 455, 457, 460–61 Jing-Jin-Ji 241 Laos 95, 97, 131, 231, 255, 260, 307 Johnson and Johnson 216 Las Bambas 22 Joint Declaration of Aspirations 65 Latin America 18–19, 34, 66, 74, 137, 159, 250, joint ventures 38, 40, 453 254, 290, 306–7, 394, 399, 472 Jonkers, K 357 see also individual countries Jordan 228 Lattice Semiconductor Corporation 146 JPMorgan Chase 216 Latvia 228 JSTI Group 32 Lau, Martin 56 Justice Against Sponsors of Terrorism Act 298 Lawrence, TE 296 Lazada Group 14, 48, 55, 130 Kabacoff, R 458 leadership see management talent Kahle, L 444 least developed economies 110, 112–13 Kan Mai 311 Lee, HW 453 Kanter, RM 442 Lee, Kai-Fu 54 Kao Liang 308, 311–12 Lee, YFL 446 Karma Automotive 77 Lee, YT 446 Karoui, Hichem 5 Legalism 444 Kauffman Foundation 404 Legendary Entertainment 21, 77, 133, 246 Kazakhstan 96–7, 112, 136–7, 168, 243 legislation 37–9 Ke, Dickie Liang-Hong 3 Lei Jun 50

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Leninism 250, 254, 312 Mao Zedong 188, 191, 253, 323 Lennar 129 Maoism 253, 293, 305, 307, 311–12, 318 Lenovo 16, 24, 29, 31, 53, 55, 58, 74, 107, 184, Maritime Silk Road 85, 108, 136–7, 167, 244, 350, 455–6 316–18 Lesotho 318 marketing 29, 32, 107, 132 Leung, K 444 Marshall Plan 79, 137, 211 leverage 16, 32, 48, 55, 129, 137, 203, 205, 208, Marxism 250, 254, 289, 312 221, 233, 244, 260, 269, 351, 440, 456, 461 Mastercard 275 18, 45, 67, 169, 242 Matondo, JPM 455 Li, Robin 50 Maurin, C 455 313 Mauritania 301, 311, 314, 318 Li Yuanchao 362–3, 369 Mauritius 311, 313, 316 Li Wei 5 May, Theresa 146 Liability of Foreignness 441, 449, 458, 461 Mayer, R 91 Liang, Bo 3–4 McIntyre, JR 84, 453 Liang, Guoyong 4 McKinsey 40, 167, 217, 406, 438 liberalization 5, 33, 63, 125, 159, 196, 198, 210, media 3, 36, 38, 46, 78, 108, 152, 198, 246, 258, 226, 230–31, 233–4, 254, 284, 354 308–9, 311, 317, 344, 382, 415 Liberia 314, 316 Meitu 183 Libya 33, 145, 286, 299, 301, 306, 313, 316–17 Mencius 277 Ling, W 444 Mendenhall, M 442 LinkedIn 147–8 Mercedes 22, 49 Liu, Jean 56 mergers and acquisitions 9–10, 14–17, 21–7, Liu Shaowen 306–8, 312 30–32, 34–5, 40, 48, 52, 54–5, 61, 65, 70, living standards 44, 158, 165, 198, 217, 271, 105–10, 113, 115–16, 119, 121–2, 125, 323, 330, 344, 360–61, 369, 382, 390, 394, 129–33, 144, 146, 243, 438, 449, 453–4, 400, 415, 441 458, 461 Li-Ying, J 454 Merkel, Angela 165–6 Lo, Lucia 5 Mexico 16, 64, 131, 203, 205, 223, 325, 327, localization strategy 28–9, 56–7 329, 335, 398 London Business School 56 Microbiology Institute 347 241–2 Micron Technology 133 Lu, Jie 5 Microsoft 53, 56, 147–9, 162, 216 Luo Qingchang 307, 311–12 Middle East 3, 5, 88, 153, 186, 243, 249, 282–3, Luxembourg 69, 111 285–90, 292–6, 298–301 Lyft 51, 74–5 see also individual countries middle-income trap 201, 208–9, 221, 394, 397, Ma, Jack 50, 56–7, 74, 172 399, 469 Ma, Pony 50, 56 Midea Group Co. 22, 56, 127, 133 Macao 19 migration 5, 141, 344–6, 351, 393, 396, 407, Madagascar 313–14 409, 413–17, 424, 428–9, 434–6 “Made in China 2025” 26, 32, 45, 52, 55, 180, see also returnees 184, 204, 285 Milfont, TL 444 Malawi 316–17 Milken Institute 1 Malaysia 10, 32, 48, 57, 64, 94–5, 97, 111, 136, Miller, D 446 172, 194, 230–31, 233, 262–5, 267–8, 270, Ming Dynasty 44, 188 272–4, 384 Minmetals 22, 456 Mali 309–10, 312, 314 Miskine, Idriss 313 management talent 438–62 mixed ownership economy 37 manufacturing 3, 10, 12, 16, 21–3, 25–8, 31–2, Mobutu, Joseph Désiré 312 39, 45, 51, 53, 66–7, 74, 76, 78, 80, 85, Moeller, Joergen Oerstroem 4 108–12, 115–16, 118, 122, 127–8, 130–31, Mongolia 97, 136, 262–8, 270–72, 274 136–7, 141–4, 161–2, 176, 180–81, 184, Moody’s 208 188, 191, 203, 205, 212–15, 217, 243, 293, moral hazards 337 335, 397, 414–15, 455, 476 Morgan Stanley 197

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Morocco 162, 301, 306–8 New Zealand 29, 231, 233, 376, 382, 398, Motorola 16, 24, 31 413 Mozambique 23, 228, 309, 312–14, 317 Newzoo 130 multilateral development banks 65 Nexen 22, 146 Multilateral Investment Guarantee Agency Ng, Andrew 47, 56 230, 330 Niger 318 multinational corporations 2, 12, 22, 35, 63, 66, Nigeria 19, 306, 312, 316–17, 335, 426, 458–9 78–80, 113, 118, 127, 131–2, 141–8, 157, Nixon, Richard 312 159–61, 169, 188, 346, 438, 455–6, 460 Nkrumah, Kwame 306, 308, 312 China’s top 50 123–5 Nohria, N 445–6 see also individual companies Nokia 54, 56 Myanmar 23, 88–90, 95, 97, 136, 231, 254, Non-Aligned Movement 284 260–70, 307 non-governmental organizations 36, 38, 160, Myitsone Dam 89–90 234, 236, 423 North American Free Trade Agreement 164, Namibia 310 223, 234 NASDAQ 46–7 North Atlantic Treaty Organization 145, 163, Nasser, Gamal Abdul 307 286 National Bureau of Statistics of China 90 North Korea 3, 228, 243 National Development and Reform North-East Frontier Agency 253 Commission 15, 36–7, 125, 127, 131, Northern Song Dynasty 187 146 Norway 398 National Foundation for American Policy nuclear power 146, 164, 220 404 nuclear weapons 245–6, 290, 300, 470 National Innovation System 176 Nuclear Weapons Non-Proliferation Treaty National Institute of Biological Sciences 369 470 National People’s Congress 242 Nye, Joseph 259, 261 national security 15, 21, 24, 33–4, 64, 69, 133, 145–6, 149–50, 165, 170, 232, 242, 247, Obama, Barack 68, 76, 163–4, 166, 223, 245, 249–50, 286, 316 258, 261–2, 283, 286, 289–90, 300, 476 National Security Agency 149 Oddou, G 442 National Talent Development Plan 434 ofo 51–2, 57–8 national treatment obligation 228–9 oil 4, 22, 66, 68, 75–6, 81, 94–101, 112, 122, National Venture Capital Association 404 143, 146, 159, 186, 220, 282–3, 285–7, nationalism 156, 225, 250, 253, 298, 306 289–93, 295, 297–301 natural resources 4, 61, 65–8, 79–80, 94–5, 99, Oman 282, 292–3 101, 108, 112, 116, 118, 120, 122, 125, 145, open economies 92, 158, 164, 209 305, 393, 404 Organisation for Economic Co-operation and Natural Science Foundation of China 348–9, Development 145, 234–5, 291, 401, 403, 356, 361 405–6, 413 Naura 133 Organisation of the Petroleum Exporting Ndahiro, Emmanuel 316 Countries 290 Nehru, Jawaharlal 251–3, 255 Organization for International Investment neoliberalism 283, 475 69 97, 254, 426 Osland, JS 441–2 64, 69, 160, 165, 252, 291–2, 327, Ou, SX 434 329, 376, 398 outward direct investment 3, 9, 11–14, 16–19, New Arrangements to Borrow 326 21–3, 30–41, 84, 91–2, 94–5, 105–6, 113, New China News Agency 307 115, 143, 145, 203, 225–7, 235, 438, 453 New Development Bank 69, 79, 137, 275, 322, and the BRI see Belt & Road Initiative 333, 335, 339, 470 China’s in the US 61–81 new globalization paradigm 217–18 and corporate industrialization 121–34 New Leaders Group 446, 453, 457–8, 460–61 driving forces 106–9, 115–21 “New Normal” 85, 205, 208, 211 growth of 115–21 New York Convention 227 mode of entry 109–10

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see also mergers and acquisitions purchasing power parity 187, 197, 202, 207, shifting destinations 110–13 209, 260, 284, 323, 326, 328 Putin, Vladimir 282, 300 Pacific Light Data Communication 148 Putzmeister 127 Pakistan 68, 97, 101, 112, 136, 153, 157, 168–71, 255, 260, 335 Qatar 295 see also China–Pakistan Economic Corridor Qi Lu 47, 56 Palestine 286, 312 Qiao, G 456 PalTalk 149 Qin Fei 4 Panama 301 Qin Dynasty 44 Panasonic 94 Qing Dynasty 188 Panchsheel 249–56 Qinjiang 455–6 Paramount Pictures 77 QQ 49–50, 74 Paris Agreement 1, 219, 223, 476, 478 Qualcomm 50, 54 patents 44, 50–51, 54, 176–7, 181, 344, 346, quantitative easing 79 349, 355, 401–2 Quing Dynasty 44 Paulson, Henry 56 Quinlivan, Gary 3–4 PayPal 47 Quinn, Patrick 76–7 Paytm 57, 130 peaceful coexistence 235, 250, 254, 277, 288 racial discrimination 382, 389 53, 55, 185, 347 railways 23, 34, 39, 54, 57, 68, 80, 86, 88–9, Peng, Yuan 286 112, 131, 156–7, 167–71, 204–5, 215, 222, People’s Bank of China 15, 79, 191–6 243 People’s Liberation Army 261, 313–17 see also transportation Perkins, D 250 Ralls 34 Peru 22 Rao, Y 357, 360 Pew Global Attitudes Survey 261 rate of return 115–16, 132, 387, 434 Philip 69 real estate 4, 12–13, 21–2, 31–2, 72–3, 80, 108, Philippines 93–5, 97, 100–101, 131, 231, 245, 110–11, 118–19, 127, 129, 133, 146–7, 167, 262–72, 274, 301, 335, 398 180–81, 186–7, 203, 221 Philips 133 Reform and Opening-Up 2, 4, 11, 16, 38, 113, Piketty, Thomas 477 125, 130, 175, 180, 184–5, 284, 323–4, Ping An Insurance 54, 129 393–4, 469 Pinho, Manuel 5 refugee crisis 10, 16, 156, 158, 164–6 Pirelli 133 Regal Entertainment Group 77 Poland 160, 165, 168, 243, 250, 398, 453, 455 Regional Comprehensive Economic Polanyi, Karl 156–7 Partnership 153, 231–4 pollution 154, 210–11, 324, 390 regional financial arrangements 337–9 Poo Mu-ming 368–9 Reisman, Michael 226 populism 21, 156, 162, 212, 215, 218 religious beliefs 36, 157, 162 Porter, Michael 399 Ren Zhengfei 50 Portugal 131, 398 renewable energy 76–7, 89, 94, 170, 203, pound sterling 186–7, 193, 195 220–22, 337 poverty 141, 168, 204, 242, 245, 323, 325, 330, renminbi 4–5, 78–80, 120, 132, 186, 188–91, 332, 469, 473 193–8, 214, 247 Power Construction Company 112 research and development 14, 47, 49–50, 53–5, power games 142–52, 154 66, 68, 115, 125, 127, 132, 147–8, 152, Prasad, Eswar 187, 195 176–7, 181, 183, 350, 394, 400–403, 413, Pritchett, L 209 435, 453, 455 privacy 149–50 reserve currency 186, 194, 247, 324 private equity 79, 119, 130 resource allocation 32, 106, 108–9, 161, 177, protectionism 1, 10, 16, 20, 128, 158, 217, 223 208, 217, 357 public opinion 36, 109, 144, 259, 261, 273, return on investment 28, 120, 229 298 returnees 6, 343–71, 378, 387, 394, 404–9, 413, Pudong 241 415, 417, 420–21, 434–6

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revisionism 312 Shaffer, ED 441 RFR 73 Shambaugh, David 247, 295 Rhodium Group 70, 74, 76 Shan Danyang 291 Rinehart, Gina 145–6 Shandong 188, 191 Riot Games 130 Shang Dynasty 43 risk management 33–5, 37, 39, 118, 132, 449 Shanggong 455 Roach, Stephen 189 79, 171, 182, 188, 197, 205, 211, 346, Roberto, Holden 309–10, 313 384 robotics 22, 107, 127, 146, 180, 204, 212, 217 Shanghai Cooperation Organization 96, 260, Rockefeller Group Investment Management 73 275, 469 Romania 250, 453 Shanghai Pengxin 33 Romer, P 91 Shen, J 447, 460 Rosen Consulting Group 72 Shenzhen 45, 48, 53, 73, 181–2, 184, 197, 205, round-tripping 117–18 211, 241, 273, 435 Rubin, Robert 189 Shi Erwei 368 rule of law 92–3, 230, 235, 360 Shi Yigong 357, 360, 362 Russia 10, 18–19, 66, 97, 101, 111, 131, 153, Shih, Stan 5 168, 243, 282, 286–7, 291–2, 296, 299–301, Shoprunner 48, 74–5 327, 332, 345, 376, 397, 476 Shuanghui 16, 31, 61 see also Soviet Union Sierra Leone 228, 308–9 Rwanda 28, 311, 316 signaling effect 105, 109, 141 Silicon Valley 47, 52, 54, 57, 74–5, 120, 148, S. Kidman & Co. 33, 146 184, 404 Saddam Hussein 300 Silk Road Economic Belt 85, 108, 112, 135–7, Sager, A 455 167, 244, 297 Samsung 216 Silk Road Fund 68, 470 Sany Heavy Industry Group 34, 127, 180 Sina 150 Saudi Arabia 101, 136, 171, 282, 291–3, 295, 10, 19, 48, 68, 72–3, 94–5, 97, 101, 297–300, 327, 330 111, 194, 205, 222, 231, 233, 244, 262–5, Savimbi, Jonas 306 267–73, 291–2, 328, 384, 398 savings rate 203, 208–10 single child policy 209, 388 Schengen Agreement 160 Singtel 148 Schumer, Charles 189 Sinopec 108 Schumpeter, Joseph 185 Sinovation Ventures 54 Schwarzman, Stephen 56 Siri 216 55 Sisulu, Walter 306 science and technology 343–71, 377–8, Skeldon, R 415 400–401, 403–4, 408, 425, 456 Skype 149 see also technology Slate Property 73 search engines 46 Slovakia 398 Second Department of the General Staff small and medium-sized enterprises 2, 16–17, Department 306–15, 317–18 34, 37, 45, 78, 169, 171–2, 177, 455 Seeed Studio 180–81 smartphones 16, 31, 49–51, 183, 216–17 Seehofer, Horst 165 Smithfield Foods 16, 31, 61 seigniorage 193 Snapchat 51, 74–5, 130 Sein, Thein 89 Snapdeal 130 Select USA 68 Sneader, Kevin 167 Selmer, J 441 Snow, Philip 306 15, 133, 146 social networks 4, 48–50, 74, 140, 150, 152, Senegal 306, 314, 316–17 216–17, 389 service industry 10, 21, 25, 85, 116, 127–30, social protection 156–7, 159, 161–2, 172, 278 175–6, 205, 211–12, 227, 293 socialism 78, 157, 250, 254–5, 274, 278, 282, Servotronix 133 444, 469, 474 Seychelles 312–13 soft law 234 shadow banks 196 soft power 29–30, 223, 242, 245, 247, 258, 317

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Softbank 51 Sudan 19, 23, 243, 293, 301, 306, 309, 312, 314, software 22–4, 31, 47, 49–50, 54, 56–8, 109, 316–17 180, 216, 403 Summers, L 209 Somalia 301, 309–10, 312 Sunshine Insurance 67 Song Dynasty 44 Supercell 22, 55, 110, 130 Song Tao 316 supply chains 142, 144, 146, 162–3, 397, 400, Sony 77, 94 407 South Africa 10, 19, 112, 305–6, 308–9, 312, sustainable development 11, 137, 151–2, 154, 315, 317, 322, 327, 329, 332–3, 335 232, 234–6, 277–9, 281, 324, 335 South China Sea 318, 478 Sustainable Development Goals 65, 330, 478 South China University of Technology 360 Suttmeier, RP 345, 357–8 South Korea 19, 53, 186, 205, 213, 228, 231, Swaziland 316 233, 262–4, 269–72, 274, 291–2, 325, 328, 144, 160, 226, 376, 398, 453 330, 335, 345, 376, 397–8, 425–7, 435 SWIFT global payments system 194 Southern Tour Talks 175 Switzerland 69, 133, 186, 242, 327, 329, 376, sovereign wealth 143–4 398, 401 sovereignty 2, 162, 227, 245, 288, 297 Sykes–Picot agreement 288, 296 Soviet Union 140, 142, 163, 250–51, 253–5, Syngenta 133 283–4, 286, 299–301, 307, 309–10, 312–14, Syria 3, 165, 282, 286–7, 298–9, 301, 316 318 Space X 51 Taikang Life Insurance 133 32, 52, 140, 148, 208, 291–2, 327, 329, Taiwan 48, 198, 205, 207, 209, 246, 253, 260, 398, 475 262–70, 272–3, 291–2, 307–8, 315–18, 398, Special Drawing Rights 186, 192–3, 196, 198, 405, 414, 425–7 230 Tajikistan 96–7 Special Economic Zones 44–5, 170–71, 181, talent 5–6, 24, 32, 35, 39–40, 47, 50–51, 53, 241 55–6, 67, 79, 178–9, 182, 279, 393–408, Spigarelli, F 438, 455 434–5 Spring and Autumn Period 277 see also human resources; returnees Sri Lanka 32, 136 management talent 438–62 Stalin, Joseph 251, 254 Taliban 282 Standard & Poor 142 Tan, Yining 5 Standard Bank 112 Tang Dynasty 44 standard of living see living standards TangoMe 24, 47, 74–5 Stans Foundation 281 Tanzania 309, 311–15, 317 StarTimes Group 28 Tao Guang Hui strategy 241–2 startups 24, 45, 48, 50, 52, 54–6, 58, 75, 120, Taobao 47 147, 163, 179–81, 212, 346, 350 Taraki, Noor 282 see also individual companies taxation 34, 37–8, 68, 117–18, 132, 141, unicorns 52, 58, 130, 212 149–50, 159, 231, 235, 401, 435 Starwood Hotels and Resorts 15, 22 Taxify 51 State Administration of Foreign Exchange 37 technology 1, 3, 111–12, 115, 120–22, 125, 127, State Administration of Industry and 132, 141, 145, 147, 152, 201–3, 211–12, Commerce 179 215–17, 221, 223, 273, 297, 324, 344, 346, State Council 18, 37, 44–5, 78, 127, 146, 176, 348–9, 352–3, 355, 370, 377, 394, 400–401, 232 404, 407, 454, 473 State Grid 29, 67, 131 high-tech industry 24, 28, 31, 37, 39, 44, state-owned enterprises 16–17, 28–9, 34, 37, 54, 46–50, 67, 74, 107, 134, 143, 150, 180, 67–8, 78–80, 105, 108, 119, 122, 125, 129, 182 131, 133–4, 143–4, 183, 188, 196, 203–4, information technology 4, 9, 12, 21–2, 24, 208, 226, 243, 324, 389, 444, 446, 448, 455, 72, 74–5, 109–11, 118–19, 122, 161–2, 462 179–83, 333, 455 Stiglitz, Joseph 1, 337 technology transfer 343–4, 346–8, 352–3, Strategic Hotels & Resorts 21 355, 405 Strategic Oil Cooperation 295 telecommunications 3, 21, 28, 46, 49–50, 52,

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54, 57, 65, 67, 87, 90–92, 122, 124, 126, Tunisia 33, 301, 306, 317 128–9 Turkey 136, 325, 335, 458–9 Telstra 148 96–7, 112 Telxius 148 Turnbull, Malcolm 244 Tencent 22, 29, 45–6, 48, 50, 52, 54–6, 58, Tus-Clean Energy Group 28 74–5, 107, 109–10, 129–30, 143, 147–8, 150, 180–81, 212 Uber 51, 130 Terminal High Altitude Area Defense System Uganda 228, 311 263–4 Ukraine 156 territorial disputes 93–5, 101, 142, 265, 273 unemployment 9–10, 161–2, 164, 189, 191, 215 terrorism 92, 100, 156, 165–6, 168–9, 283, 286, unicorns 52, 58, 130, 212, 343 298–9, 305, 316, 382, 474, 477–8 Union Pay 275 Tesla 55, 130 United Arab Emirates 171, 292–3, 295 TestAmerica 32 United Kingdom 4, 13, 19, 22, 55, 57, 64, 69, Thailand 10, 19, 88–9, 94–5, 97, 131, 186, 202, 111, 113, 119, 131, 140–42, 144–5, 152–4, 208, 231, 262–5, 267–8, 270–74, 291–2, 160–61, 165, 171, 203, 218, 220, 243, 307 283–4, 288, 291–2, 296, 300, 317, 327, 329, Thaler, Richard 140 398, 402, 458 thermal generation 220–21 Brexit 1, 10, 16, 79, 145, 153, 156, 166, 171, Thomson Reuters 148 475 Thucydides trap 142, 223 Chinese studying in 380–81, 384, 413 Tiananmen incident 186, 241, 314, 345 and currency 194–5 Tianjin 241 see also pound sterling Tibet 246, 249, 251–2, 255, 260 United Nations 3, 80, 225, 240, 244, 252–3, Tishman Speyer 73 255, 297, 314, 316, 336, 413, 469–71, 478 Tmall 47 Charter 232, 234, 249 Togo 308–9, 318 Conference on Trade and Development 9, Tokyo Maruichishoji Company 11 25, 62, 68, 113, 145, 232–3, 235 Tongshuai 29 Development Programme 2, 345 total factor productivity 46, 203, 205–7, 221 Educational, Scientific and Cultural tourism 21, 32, 77, 89, 125–6, 171 Organization 1 trade barriers 13, 30, 115, 226–7 General Assembly 333 Transatlantic Trade and Investment Security Council 141, 299, 470 Partnership 79, 143 Sustainable Development Goals 65, 330, 478 transnational capital 344, 354–6, 360, 370 Sustainable Development Summit 64–5 Trans-Pacific Partnership 16, 79, 142–3, 153, United States 1–5, 9, 12, 16–22, 24–5, 27, 29, 158, 163–4, 223, 233, 240, 244, 274 31–2, 34, 36, 40–41, 47, 51–2, 54–7, 89, 95, transparency 4–5, 195, 232, 330 107, 109, 111, 113, 116, 119, 129–34, 137, transportation 9, 21, 23, 27–8, 31, 39, 71, 86–7, 140–54, 156, 158–62, 166–7, 177, 179, 184, 95–6, 109, 111, 118, 122, 126, 130, 135, 229–30, 249–50, 253–5, 278, 312–13, 317, 153, 156–7, 168–71, 204, 212, 330, 382 325, 327–9, 394–5, 397–8, 401–2, 405–8, see also railways 453, 456, 458, 469, 475–9 trans-shipping investment 117–19 anti-globalization 223, 475–6 Trefler, Daniel 399–400 China’s ODI in 61–81 Triffin, Robert 192–3 Chinese studying in 376, 378, 380–84, 389, Triffin dilemma 192–3 413–36 Trinidad and Tobago 228 competition over soft power 258–75 Trumka, Richard 164 and currency 186–95, 197–9 Trump, Donald 3, 10, 16, 20, 32, 67, 79, 141, see also dollar, US 146, 153, 156, 166, 240, 242, 244–6, 274–5, election of Trump 10, 16, 79, 163, 166, 475 289–90, 298, 475–8 as global power 240–41, 243–7 53, 55–6, 133, 258, 347 and global structural change 202–3, 205, Tsui, A 445 207, 209–10, 212–18, 222–3 Tu Youyou 177 and the Paris Agreement 219, 223 Tung Chi-Ping 311 and scientific exchanges 343, 345–7, 352, 362

Huiyao Wang and Lu Miao - 9781785366086 Downloaded from Elgar Online at 09/29/2021 01:39:07AM via free access

M4669-WANG_9781785366079_t.indd 495 25/01/2019 12:28 496 Handbook on China and globalization

Security Council 296 Wang Jianlin 462 Silicon Valley 47, 52, 54, 57, 74–5, 120, 148, Wang Jiarui 316 184, 404 wangdao 277–81 and the TPP 16, 79, 223, 232–3, 240, 244, Wangxiang 76–7 274 Warren, Elizabeth 164 US–GCC–China relations and prospects Warring States Period 277 282–301 Warsaw Pact 163, 300 universities 55–6, 178, 183, 210, 222, 344–5, Watt, James 215 350, 352, 363–4, 368, 370, 378–9, 383–4, WeChat 48–50, 74, 216–17 389, 400, 405–6, 435 Weebly 75 see also Chinese studying abroad Wei, David 56 University of Hong Kong 389 Wei Zuyu 346 Unocal 146 Weibo 47 Upstream Ayeyawady Confluence Basin Weichai Group 127 Hydropower Company 89 Wells Fargo 216 urbanization 78, 94–5, 201, 210, 215, 218, 223, 67 415–16 West Digital 15 US–China Renewable Energy Partnership 76 WhatsApp 216 Uzbekistan 96–7 Wiig, A 92, 95 Williams, K 434 value chains 4, 11, 16, 39, 53, 107, 111, 115, Williamson, John 159 121–2, 127, 130, 132, 159, 169, 205, 215, Wong, John 242 217, 324 Wood, ED 442 value-added 24, 31, 41, 67, 108, 129, 176, 181, work permits 424, 429, 433–4 215, 217, 222, 396–7, 400 World Bank 2, 62, 78, 84, 89, 92–3, 95, 97, 141, Van Deusen, GG 250 151, 153, 159, 198, 242, 244, 322, 324–5, Vangeli, Anastas 2 328–31, 336–8, 395–6, 399, 405–7, 453, Vanke 73, 129, 180–81 455, 469–70 Venezuela 205, 292, 426 World Economic Forum 46, 242 venture capital 38, 45, 52, 54–5, 79, 119, 133, world economy 1, 5, 9, 41, 61, 105, 137, 152–3, 163, 182, 212, 404 230, 478 Vestergaard, J 331 structural transformation of 201–23 Viacom 77 World Intellectual Property Organization 183, video games 22, 51, 75, 110, 130 403 19, 33, 93–5, 97, 100–101, 111, 142, World Investment Prospects Survey 62–3, 68 144, 231, 233, 255, 262–8, 270, 272–4, 335, World Investment Report 62 396 World Trade Organization 1–2, 78, 141, 151, Vilkinas, T 449 167, 225–6, 234, 336 virtual reality 47 Agreement on Trade-Related Investment Visa 275 Measures 227 visas 72, 419–28, 430 China’s membership of 2, 84, 175, 188, 196, Vo Nguyen Giap 144 214, 225, 231, 324, 394–5, 414 Vogel Ezra 188 General Agreement on Trade and Tariffs 163 Volcker, Paul 193 General Agreement on Trade in Services Volvo 116–17, 144, 221, 455 128, 227 Worldwide Governance Indicators 92 Wade, RH 331 Wu Cheng’en 441 Waldorf Astoria Hotels 67, 72, 129 188 Waltz, Kenneth 235 Wuhan 350 Wan Chun Xie 314 WuXi Pharma Tech 456–7 Wanda Group 16, 21–2, 31, 54, 73, 77, 246, 462 Wang, Frances 5 3, 5, 45, 56, 67, 137, 143, 152, 167, Wang, H 417 170–71, 178–9, 223, 235, 240–42, 244, Wang, Huiyao 3 258–60, 283, 285–6, 289, 297, 323, 331–2, Wang Gang 51 369, 371, 469, 474, 476

Huiyao Wang and Lu Miao - 9781785366086 Downloaded from Elgar Online at 09/29/2021 01:39:07AM via free access

M4669-WANG_9781785366079_t.indd 496 25/01/2019 12:28 Index 497

Xian Guangkai 314 Zero to One 180 Xiaomi 46, 49–51, 56–7, 183 Zhang, R 444 309 Zhang, Yingying 382 Xinhua 45, 244, 246, 313–14 242 Xinjiang 68, 96, 135, 251, 296 Zhang Weiying 185 Xiongan 241 Zhao Huanyu 5 314 Zhao Weilin 4 Zhejiang 45, 182, 188, 191, 243 Yahoo 149, 404 Zhejiang University 183 Yam, Joseph 187 Zhongguancun Inno Way 181 Yan, Li 3–4 Zhonghong Zhuoye Group 15, 22 Yan Xuetong 242, 258 Zhongshan University 350 Yemen 282, 286, 298–9, 301, 307 Zhou Dynasty 44 yen 186, 193, 198 Zhou Enlai 288, 306–8, 311–13 Yenching Scholars 55 Zhou Peiyuan 343 Yeophantong, P 455 192, 198 Youko Tudou 47 67, 188, 190, 192, 196 YouTube 149 Zhu Zhiqun 5 Yu, ZJ 91 Zimbabwe 29, 202, 309, 313–14, 317 Yugoslavia 250 Zoellick, Robert B 330 zombie companies 203, 208, 221 Zaire 308–9, 312–14 Jiahua 314 Zambia 309, 312–14, 317 ZTE 23, 54, 181 Zanzibar 306, 311–12 Zuckerberg, Mark 56–7 Zeng Tao 309 Zweig, David 5, 350–51

Huiyao Wang and Lu Miao - 9781785366086 Downloaded from Elgar Online at 09/29/2021 01:39:07AM via free access

M4669-WANG_9781785366079_t.indd 497 25/01/2019 12:28 Huiyao Wang and Lu Miao - 9781785366086 Downloaded from Elgar Online at 09/29/2021 01:39:07AM via free access

M4669-WANG_9781785366079_t.indd 498 25/01/2019 12:28 Huiyao Wang and Lu Miao - 9781785366086 Downloaded from Elgar Online at 09/29/2021 01:39:07AM via free access

M4669-WANG_9781785366079_t.indd 499 25/01/2019 12:28 Huiyao Wang and Lu Miao - 9781785366086 Downloaded from Elgar Online at 09/29/2021 01:39:07AM via free access

M4669-WANG_9781785366079_t.indd 500 25/01/2019 12:28