China’s growing power: a threat? Growing for sure

See here part of an article (Associated Press – SCMP) dated 3 May:
Congress blasts Beijing across a broad front
House hears critics’ testimony on mainland’s military budget, abortion policy and diplomacy.
US Congress members have attacked the mainland on a range of issues, criticising Beijing’s test of an anti-satellite weapon, military build-up, policy on forced abortion, support of ruthless regimes, and repatriation of North Korean refugees in violation of international law.
At a House foreign affairs committee hearing, lawmakers repeatedly expressed concern over Beijing’s suitability to host the 2008 Olympics.
“If ever there was a time for China to get its house in order, this is it,” said committee chairman Tom Lantos, a Democrat.
Dana Rohrabacher, a Republican and critic of Beijing, noted that the US had played a significant role giving the mainland the wherewithal to become a military power because of its robust US-bound exports.
“We have built up a Frankenstein that now threatens us,” Mr. Rohrabacher said.
So, our U.S. friends are getting nervous and want to urge all to get China in line with their own ideology.
It’s not that what they criticize about China is wrong as such. Problem is, the USA has lost most credibility in preaching. Their track record has become too bad and the only hope is their incompetent government will change for the better in the near future.
As for the role played by the “U.S. capitalists” to make China rich, they are absolutely right. Thanks to the big MNC who use China as their cheap production base, to flood the USA with cheap goods through Wal-Mart and others, kill local manufacturers and make a big profit for themselves. At least consumers are happy over there to buy all the cheap stuff and have their credits needs satisfied thanks to China’s support of the USA financial system.
In the meantime, China’s development continues unabated. Many economists now count the days China will be the world’s top exporter, overtaking in the next two years soon the USA and Germany. Exports would then be around US$ 1.4 trillion and total trade US$ 2.5 trillion.
Part of that export will be luxury brands. Within two years 60% of the world’s top brands will be Made in China.
As for the average per-capita oil consumption in China: scary figures. In 2005 it stood at 242 Kg against 2,722 in the USA and 1,724 in Japan. Just imagine Chinese double their consumption (then still only 20% of the USA figure). Comments are superfluous.
While China has a lot of house cleaning to do, more is going on then people abroad realize. The anti-corruption drive continues and I expect some further top-level “cleaning” this very year. Keep your eyes open. Investigations continue discreetly. Needed, really. Official sources say close to US$ 400 million of social security funds cannot be “properly accounted for”. Probably just one small example of the “irregularities”.

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