It's not really; Stiglitz actually worked at the World Bank - and wrote a book about it.

Another book to read is "Confessions of an Economic Hitman". Both describe essentially what both the USA and China appear to be doing - increasing global power and influence using subtler means than gunboat diplomacy.

And your argument is just an anecdote. Now who would we trust more, a random stranger on the internet or a Nobel laureate?