THE CENTER OF THE WORLD ECONOMY has shifted to Asia. A burgeoning Asian economy centered in Beijing is now threatening to take over the failed Zionist banking system as evidenced in the current US financial crisis that no bailout is going to solve.
Economists say that soon China will supersede the now biggest economy of the world, the USA, especially owing to the current problems of the failed US banks. China is presently the world’s second-largest economy after the United States.
China’s growing economy includes the manufacturing of garments, electronics, and information technology goods. China is now the biggest exporter to the US of garments, computers, computer electronics, and other IT goods. The auto industry, spearheaded by foreign capital, is now growing at a rapid pace in China.
China is a large recipient of foreign investment. Overseas firms derive exceptionally high profits from their investments in China. Rates of return on manufacturing investments in China are twice the level of comparable investments in Europe.
The rapid economic development in China is strengthening a China-centered manufacturing base in East Asia. China is also building up its capacity to project military power in the region and is pushing outward into other parts of the world causing America’s ally, Japan, much alarm.
WITH THE ABILITY TO OPERATE ANYWHERE IN THE WORLD, China is rapidly developing a highly modern military that will be the equal of the combined forces of NATO. Many military analysts fear that the growing might of the Chinese People’s Liberation Army (PLA) will “embolden” it to military action.
Fears were intensified in March of 2008 when China’s state media announced that Hu Jintao called on the military to improve its ability to “win high-tech regional wars.”
On September 29 2008, A London conference held by the world’s authority on battlefield armour & artillery, Jane’s Armour and Artillery, reviewed China’s military plans:
“China is developing a modern maneuverable force able to operate anywhere in the world. This force will be as good if not better than Western armies. New air-to-air refueling planes are being delivered from Russia that will double the range of the China’s current modernized fighters” Here.
“STRATEGIC COOPERATION BETWEEN China and Russia continues to grow,” reported The China Daily on September 30 2008. Recently, Russia signed a contract with China to deliver 34 transport planes and 4 aerial tankers.
Russia is also supplying China’s expanding nuclear power industry. In May of 2008, Russia signed a $1.5 billion deal with China to provide uranium and to build two nuclear reactors in China.
Following his attendance at the opening of the Olympic Games, Russian Prime Minister Vladimir Putin met with President Hu Jintao on August 9 2008 to discuss economic and political cooperation. Hu greeted Putin with some very telling plans:
“China and Russia should further enhance strategic cooperation in three aspects. First, the two countries should continue to promote global multipolarization. Second, China and Russia should establish an international political and economic new order. And third, the two countries should enhance political cooperation” Here
No comments:
Post a Comment