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View Full Version : China: U.S. No. 1 No More....China's Ambitions Are Not Modest



megimoo
01-20-2011, 10:57 AM
"....Talk About Overreaching ....."


''If China becomes the world's No. 1 nation ... ." That was the headline in the official newspaper of the Chinese Communist Party, The People's Daily, on the eve of Chinese President Hu Jintao's state visit to Washington. The article went on to boast how "China's emergence is increasingly shifting to debate over how the world will treat China, which is the world No. 1 and has overtaken the U.S."

A story like this does not appear by accident in the official Chinese Communist Party newspaper on the eve of a state visit to the world's (current) No. 1 power, the United States.

It was a signal. The latest and boldest signal yet that China intends to become the world's No. 1 power.

President Obama took the occasion of his first visit to China to show "humility" and to assure his Shanghai audience that "we do not seek to contain China's rise."

The Chinese communists are taking the occasion of their first visit to the Obama White House - not to show humility, as Mr. Obama did to them - but to openly show their clear intention to dominate the world from the Middle Kingdom.

http://www.washingtontimes.com/news/2011/jan/19/usacross-out-usa-china-1/

megimoo
01-20-2011, 11:05 AM
" Chinese President Hu Jintao's state visit this week has rekindled the familiar debate over American "decline." Our sole-superpower moment is over, we're told, and the 21st century will prove so much tougher than the 20th."

"I'm just not sure what all the fuss is about.
snip

In other words, American leadership is still the global norm.

Then there are China's very real problems. China has 700 million very poor people. By 2050, it will have 400 million very old people. It will "get old before it gets rich," as conservative writer Mark Steyn likes to say. The country is shot through with corruption, bogus accounting practices that make subprime-mortgage bundles look like gold bullion, and a political elite that remains terrified of democracy. A confident government doesn't banish its Nobel Peace Prize winners.

Even with its copycat stealth fighter, China is certainly less of a military threat to the United States than the Soviet Union was. It's more of an economic challenger, but that's a good problem to have, right? Currency wars are better than nuclear ones.

The most important point is that China's rise doesn't reflect some grand failure of American foreign policy but its success. Drawing China into the global economic and political system has been a bipartisan foreign-policy goal for generations. That creates new problems but better ones."

http://www.realclearpolitics.com/articles/2011/01/19/americas_china_syndrome_108586.html

Starbuck
01-20-2011, 02:32 PM
I will take this opportunity, as I have done before, to poo-poo China. They have great ambitions. The press gives them great coverage.
But the fact remains that China has great problems and has not gone all that far.

They are still tied with Japan and Germany for the prestige of being the world's 2nd largest economy. The U.S is at 16 Trillion, Japan, Germany, and China are at 4 Trillion. That's a long way back.

China owns about as much U.S. debt as Japan:
China - 895 Billion; down from 929 Billion a year ago
Japan - 877 Billion; up from 754 Billion a year ago
So all this talk about China is going to own us is just baloney.
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

They named their missile a "Carrier Killer". Then put a bunch of them on display. Soviet Union used to do that crap. Meant nothing.

Now, we can see that the Chinese ETF's (a way to invest in Chinese companies) are falling. Hard.

Hu needs whom?:)

Rockntractor
01-20-2011, 02:38 PM
I will take this opportunity, as I have done before, to poo-poo China. They have great ambitions. The press gives them great coverage.
But the fact remains that China has great problems and has not gone all that far.

They are still tied with Japan and Germany for the prestige of being the world's 2nd largest economy. The U.S is at 16 Trillion, Japan, Germany, and China are at 4 Trillion. That's a long way back.

China owns about as much U.S. debt as Japan:
China - 895 Billion; down from 929 Billion a year ago
Japan - 877 Billion; up from 754 Billion a year ago
So all this talk about China is going to own us is just baloney.
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

They named their missile a "Carrier Killer". Then put a bunch of them on display. Soviet Union used to do that crap. Meant nothing.

Now, we can see that the Chinese ETF's (a way to invest in Chinese companies) are falling. Hard.

Hu needs whom?:)
And this is from a country that dwarfs us in population.