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'You're a lucky man, Bill.'

'Yes,' Bill said, straightening the silver frame. 'I am.'

The Mercedes came out of the tunnel and on to the Bund.

The famous road curved off ahead of them, a great sweep of stout colonial buildings made of marble and granite, the architecture of Empire.

'The West is finished,' Devlin said, watching the Bund go by. 'The future belongs to the Chinese. They own it already.' He turned to look at Bill. 'Do you believe that?'

Bill smiled, shrugged, not wanting to disagree with his boss, but reluctant to concede the future to anyone. T don't know,' he said.

'Believe it,' Devlin told him. 'They work harder than we do. They put up with conditions that would make us call a human rights lawyer, or the cops. They make us – the West, the developed world, all the twenty-first-century people -look lazy, soft, the pampered men of yesterday. We haven't seen anything yet, I promise you.'

There were four of them in the car, with Tiger at the wheel. He had taken off his toy soldier uniform and was wearing a business suit. Bill sat in the back seat wedged between Devlin and a lawyer called Nancy Deng, one of the firm's Chinese nationals. She had her briefcase open on her lap, examining some files, and she hadn't spoken since the journey began.

Shane sat up front, his wafer-thin mobile phone in his big meaty fist, talking in calm, fluent Chinese. The words didn't have the barking sound of Cantonese, or the rural, West Country burr of Mandarin, and so Bill guessed this must be what Shanghainese sounded like.

'What happens when the Chinese can make everything the West makes?' Devlin said, smiling back at Bill. 'Not just toys, clothes and dinky little Christmas decorations but computers, cars, telecommunications – when they can make all that stuff at one tenth of the cost it takes our fat, lazy workforce?'

'You want to pick up our Germans or meet them at the restaurant?' Shane said over his shoulder.

'We'll pick them up at their hotel,' Devlin said. T don't want our Germans getting lost.' He looked back at Bill. 'The Chinese are united,'' Devlin said, his eyes shining. 'That's the thing that nobody gets. They're united. They have a unity of national vision that the West has lacked since, oh, World War Two. That's why they will win.'

Shane was telling the Germans that he would see them in the lobby in ten minutes.

T love the Chinese,' Devlin said simply, leaning back. 'I admire them. They believe that tomorrow will be a better day. And if you are going to believe in something, anything, then that's not a bad thing to believe in.'

Bill watched the Bund go by, and silently agreed with him.

The beggars saw them coming.

At first it seemed to Bill as though every single one of them had an oversized baby in her arms, as though begging without a toddler was forbidden by some local statute, but then he realised that there were also old people shambling along at the back of the mob, filthy hands outstretched, and solitary feral children who ducked and dived beneath the women with their toddlers in their arms, the toddlers carried as if they were babies.

But Bill had not noticed the old people and the big children. He had only noticed the toddlers being carted under the arms of their mothers.

Because they all seemed to be just a little bit younger than Holly.

Shane cursed. He had not wanted to walk to the restaurant. He had advised the two Germans that it was better to take the Mercedes and a cab, but they had insisted. They wanted to stroll along on the Bund, and now look what had happened. The beggars were on them, all over them, with their toothless, ingratiating smiles, the rank smell of their clothes and their bodies, all the bewildered faces of the children carried under one arm.

Shane shoved on ahead, shouting at them in Shanghainese, while Nancy pleaded with them and Devlin gave instructions to the clearly terrified Germans. Only Bill dawdled, stunned by a world where children the same age as Holly were begging in the street.

He reached for his wallet, and immediately realised his

mistake. He had planned to give some money to the women with children but there were just so many of them, too many of them, and suddenly he was overwhelmed, the coins and notes falling from his fingers and the women with toddlers being trampled by the older children. Empty palms were thrust in Bill's face.

One of the bigger kids – a weasel-faced runt with a cropped head and the eyes of an old man – grabbed Bill's jacket and wouldn't let it go. The child clung on as Bill edged his way through the mob to the building where his colleagues and the Germans were waiting. A uniformed doorman prised the child from Bill's jacket.

'Better watch your wad around here, mate,' Shane said. 'They're not all driving BMWs and shopping at Cartier. There are still millions of the little bastards wiping their arses with their hands.'

'And nobody gets left behind in the West?' Devlin flared. Then he smiled easily. 'There's more upward mobility here than anywhere on the planet.'

Bill was embarrassed, shaken. The Germans were staring at him. One of them was balding and in a business suit, and the other had the long greying hair and the leather jacket of a wild youth. But they were both all business, and they could have been brothers. They murmured to each other in their own language.

Bill wiped sweat from his face. As they went up to the restaurant in the lift, Nancy gave him a tissue for the smear of grime that the young beggar had left on his jacket. He thanked her, his face burning, and dabbed at the mark but saw that it would not budge.

The perfect black print of a child's hand.

Bill didn't understand.

Their clients, DeutscherMonde, were investing billions

of RMB in the Yangdong project. The company had already built an identical development in the suburbs of Beijing. And yet, as the Germans sat with their expensive lawyers across the dinner table from the local government officials of Yangdong – five men with cheap suits and soft flesh and bad teeth, accompanied by their own lawyer, a bird-thin man of sixty with a shock of dyed black hair, and a slab-like stooge who looked like some kind of bodyguard – it was as if the Germans were the supplicants, the ones most desperate for the deal, the beggars at the feast.

Courses came and went. The Germans sipped their mineral water. The Chinese chain-smoked high-tar cigarettes and swilled soft drinks. The conversation ebbed and flowed from English to Shanghainese, much of it concentrating on the glory of the Green Acres development, and how it would enrich the community.

The oldest of the town's representatives said the least. With his hooded eyes, long upper lip and frog face, Bill thought he looked like a mini Mao. They called him Chairman Sun. He smoked constantly, even when the chopsticks in his spare hand picked at a dish. Sun made no eye contact, yet still managed to convey the impression that he was mildly dissatisfied with everything, including the project, the food, the choice of restaurant, the presence of so many foreign devils, and possibly life itself.

Only Bill had turned off his phone, and tinny snatches of familiar tunes punctuated the lunch. The Mission Impossible theme, the opening chords of 'Brown Sugar', niggling soundbites from Beethoven and Oasis and Faye Wong. Shane pushed his plate to one side and placed his laptop on the table.

'What do you keep on that thing?' Bill asked him.

'The truth, mate,' Shane told him. 'The brutal truth.'

Chairman Sun called for the waiter and gave him his instructions. The waiter went away and came back with the wine list. Sun chose a bottle and Shane ingratiatingly smiled and mumbled his compliments in Shanghainese at the excellence of the choice.