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1. Reflections on 4thJune 1989 1 Peter Nolan 2. The Global Business Revolution and Developing Countries 19 Peter Nolan, Jin Zhang and Chunhang Liu 3. The Globalisation Challenge and the Catch-up of 43 Developing Countries: The Case of the Brewing Industry Peter Nolan and Yuantao Guo 4. The Global Industrial Consolidation and the Challenge 71 for China: The Case of the Steel Industry Peter Nolan and Huaichuan Rui 5. China in the Asian Financial Crisis: 'Cutting the Trees to Save the Forest' 95 Peter Nolan and Wang Xiaoqiang 6. China at the Crossroads 145 Peter Nolan 7. Capitalism and Freedom: The Contradictory 177 Character of Globalisation Peter Nolan 8. Capitalism, Conflict and Cooperation: US-China 231 Relations under Capitalist Globalisation Peter Nolan and Jin Zhang