Peter Frankopan

China, wrote Adam Smith, is ‘one of the richest, that is, one of the most fertile, best cultivated, most industrious and most populous countries in the world’. It was an obvious exemplar for a man who was trying to write An Inquiry into the Nature and Causes of the Wealth of Nations. In the late 18th century, when Smith published his seminal work, Britain had not only already begun to build an empire; it was about to learn from the experience of losing parts of it too, as the colonies in North America detached and went their own way. Despite the shock of the US Declaration of Independence — in the very same year that The Wealth of Nations was published — it was Asia that was much more important, lucrative and interesting than the Americas to the British.

‘China is a sleeping lion,’ Napoleon reportedly remarked. ‘When it wakes, the world will tremble.’ There is no need to fear China, its current leaders are quick to stress — with President Xi Jinping claiming that the country’s rise will be ‘peaceful, pleasant and civilised’. Such words are of little comfort to hawks in the United States who watch the Asia-Pacific region with a growing sense of alarm — even if the Chinese economic slowdown of recent months has made it more likely that we will hear a growl rather than a blood-curdling roar as the lion awakes. This interesting new book asks why it is that China has been sleeping for so long.