Chris Patten, the last British governor of Hong Kong and now a member of the British House of Lords, reviews what looks to be an interesting book from journalist Jonathan Fenby: Tiger Head, Snake Tails: China Today, How it Got There and Where it is Heading:
The gee-whiz statistics of China’s economic ascent since it made its peace with capitalism – albeit a pretty rough and sharp-elbowed variety – are all on parade here. China exports as much in a day now as it did in a year when I first clapped eyes on it in 1979. It is the largest manufacturer and exporter, the biggest maker of steel and consumer of energy, and dominates the market in everything from vuvuzelas to sombreros.
While 400m or more Chinese have been lifted out of poverty, problems darken the polluted heavens. The environmental toll of helter-skelter growth has been heavy. As the Gini coefficient shows, the gap between the very rich (often the very seriously rich) and the poor has grown wider. So is China, observers ask, a rich country with a lot of poor people or a poor country with a lot of rich citizens? The population is ageing fast, with an increasingly obvious gender imbalance; the number of favoured males is outstripping the female population. By mid-century, with 1bn Chinese living in water-stressed cities, the largest population in the world will be Indian.
Read the whole review: Chris Patten on the rise of China – FT.com.