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"China has been investing in infrastructure in South America for a while," Leeds said. "So, from our perspective, we don't think that's news - just additional competition. Brazil and Argentina still have a long way to go, but these investments are certainly closing the gap on their ability to compete with the US."

"China is speeding up the transformation from industrialization to informatization," Shen said. "Intangible assets, such as patents, trademarks, copyrights, business secrets and software, are playing an increasingly important role, so intellectual property protection has become more significant."

"Cheng's book contains analyses of key historical facts and criticisms on some points of view, both founded on a substantial body of materials, which makes it very convincing," said Yang Daqing, associate professor of history and international affairs at The George Washington University.

"China has a very clear goal to largely develop direct financing," he added.

"By the end of the 1980s, 20 million babies were born in China each year, one in 10 of whom would become a chronic carrier of hepatitis B. And of those carriers, half would eventually die of liver-related diseases," he says.