China'S Dance with the Foreign Devils

Since 1978 in China, foreign direct investment has served as a driver of change that has brought the country into the modern economic world.

Mao Zedong had shut out the foreign devilsEuropeans, Japanese, Americans and other outsiders. He created chaos in an economy that was long on suffering but short on foreign currency, technology and capital.

In this detailed account, Dick K. Nanto explores how f...