Chapter 1

1. As of 31 December 2008, China owns over US$ 700 billion or 18 per cent of foreign-held US treasuries. (Total foreign exchange reserves are as of 2008.) China accounts for 70–80 per cent of total US imports of toys, footwear and other low-end products, nearly 40 per cent of total apparel imports and 35 per cent of consumer electronics.

2. Brad Sester and Arpana Pandey, ‘China's $1.7 Trillion Bet’, Council on Foreign Relations, January 2009.

3. ‘China Expected to Overtake US to Become World's Second Largest Exporter’, People's Daily Online, 21 August 2007.

4. Gerald Segal, ‘Does China Matter?’, Foreign Affairs, September/October 1999.

5. William Pfaff, ‘China: The Pretend Superpower’, International Herald Tribune, 24 August 2007. ...

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