Image via Wikipedia
The Rise of China has been astounding since the dawn of new millenium. Considering the number of years since China has taken center stage, it's growth and rise to power is unimaginable for any other country on earth. Historically, China is probably the only country after the western powers to grow economically and militarily. With the world split into American and Anti-American, Chinese are finding friends around the world in the Anti-American camps. A notable achievement though is to not only militarily surpass USA, but also financially with China's investment of trillions of dollars in US Fed thereby virtually controlling the American economy. With huge exposure to China in terms of investments in Fed and dependency on cheap Chinese exports, US is historically in a tight corner to support its arch rival's growth to sustain its own.Taking advantage of this situation, China has expanded their clout around the world funding every Anti-American country into its way. Chinese funding of South American countries, Africa and the Asian countries such as Pakistan, Burma, Srilanka has followed the strategy of US in the post-world war era. China has heavily invested in these countries to gain clout over the natural resources as well as military positions across the globe, the same way the US did in the post- world war era building military bases around the world and gaining clout as the super power. China is building ports in major countries surrounding India to establish its clout in South Asia.
Also, China has grown into the largest consumer of cars supassing US for the first time in the history, as Chinese government has been pushing to create China into a consumer market propelling growth domestically than reliance on the US exports. China mustered its clout recently by demanding an alternative global currency to US dollar and providing Chinese currency as mode of funding to promote its currency globally.
On the controversial side, China is known for notorious human rights abuses, stealing intellectual property from global in Chinese soil, tight control over media and the list continues.
No comments:
Post a Comment