Includes bibliographical references (p. 211-219) and index
Introduction / Frank-Jurgen Richter -- Part 1. China as the world's leading producing, exporting, and financial power : to what extent, where, and why? -- GDP : toward the U.S.-China duopoly -- Manufacturing output : China is already the number one -- Merchandise exports : from China's lead to China's dominance? -- Where China is leading and where it is not -- Chinese domestic manufacturers verrsus Western manufacturers -- A big battle for the Chinese market -- Global services market : the West's edge and China as number five -- Is China a new financial superpower? -- Part 2. The global downturn and beyond : Western capitalism and Chinese capitalism -- The global crisis was not really global -- Western crisis : three major factors -- Still, Western capitalism is alive, but -- Is China structurally stronger than the West? -- The Chinese model of capitalism -- Global rebalancing will not be easy -- Part 3. The China-West economic wars : and the winner is -- China's choice is to further expand trade surpluses and keep the yuan weak -- Environment : China going its own way -- A fight for natural resources : China sets new rules of the game -- Indigenous innovation : seeking to command advanced technologies by all means -- Company acquisitions : Chinese are more active than Westerners -- Conclusion : the West needs a cohesive China policy and unconventional responses to China-posed challenges -- Epilogue : China, the West, and the world