Peter Ho Davies’s second novel, The Fortunes, is a beautifully crafted study, in four parts, of the history of the Chinese in America. Though it deals, of necessity, with racism in all its insidious forms, it does so with humanity, humour, self-deprecation and a hefty dose of irony. Each section — ‘Gold’, ‘Silver’, ‘Jade’ and ‘Pearl’ — covers a separate period in Chinese-American history.