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China by Stuart Strother

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CHAPTER 1

Introduction

Gan bei!” Wang announced, raising then downing his glass. We had just finished a sumptuous feast of shrimp, chicken, beef, pork, vegetables, fresh fruit, and about a dozen other delicious if unidentifiable dishes. I stood up, raised my own small beer glass and drained it. “Gan bei!” indeed.

The 21st century is the Chinese century. After 30 years of economic reforms that enabled China to be the workshop of the global economy, we are now witnessing the Middle Kingdom transform into one of the world’s largest consumer markets and one of the world’s most productive centers of innovation.

The forces of globalization have shrunk our world, such that economic activity easily stretches across national borders. Companies can ...

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