Nope, got a link or a book title?
Here's the first couple of graphs of the review..
CHINA INC.
How the Rise of the Next Superpower Challenges America and the World
By Ted C. Fishman
342 pages. Scribner. $26.
f the 20th was the American century, then the 21st belongs to China. It's that simple, Ted C. Fishman says, and anyone who doubts it should take his whirlwind tour of the world's fastest-developing economy.
The numbers are staggering. From 1982 through 2002, the United States economy grew at an annual rate of 3.3 percent, he writes, well above average for the world's most prosperous nations. China's economy grew at an annual rate of 9.5 percent, meaning it "doubled nearly three times over," in the generation since market reforms were introduced. In 2003 it bought 7 percent of the world's oil, a quarter of its aluminum and steel, almost a third of its iron ore and coal, and 40 percent of its cement. It makes 40 percent of all furniture sold in the United States. Its 3,000 Christmas-decoration factories exported more than $900 million tree trimmings and plastic Santas in the first 10 months of 2003.
"China still only makes one-twentieth of everything produced in the world, but on the world stage it plays the role of a new factory in an old industrial town," Mr. Fishman says. "It can spend, it can bully, it can hire and dictate wages, it can throw old-line competitors out of work. It changes the way everyone does business."
One of the most powerful weapons in China's economic arsenal is what businesses have come to know as "the China price." A stampede from the countryside to China's new industrial boomtowns has created a vast low-wage army, working for an average of 40 cents an hour, that can turn out consumer goods of every description even cheaper than Mexican or Malaysian factories can. American factories that cannot deliver to Wal-Mart or General Motors at the China price often face two stark choices: they can go under or set up shop in China.