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Can China Lead?: Reaching the Limits of Power and Growth by F. Warren McFarlan, William Kirby, Regina Abrami

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6GLOBAL CHINA

The Limits of Power

China now stands as the second-largest economy in the world, earlier surpassing Germany in volume of manufacturing exports, and with a presence in all parts of the globe. A geographic and not a political entity before 1912, China moved in the mid-twentieth century from being a ward, if not semicolony, of the great powers to being a great power in its own right. While from Chinese perspectives, the history of China’s globalization has often been told as a story of invasion and degradation, today much of the world sees China as actively contending for global power and influence.

China’s global rise can been seen in the rapid growth of Chinese firms and their exports. Seventy-six of the Fortune Global 500 companies ...

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