|The world is waking up to the fact that the days of U.S. economic supremacy are over. | ISTOCK|
COMMENTARY / WORLD
Who has the world’s No. 1 economy? Not the U.S.
By the most measures, China has passed the United States and is pulling away
BY NOAH SMITH
OCT 19, 2017
NEW YORK – What’s the most powerful country in the world? There’s a good case to be made that it’s China. There are many kinds of power — diplomatic, cultural, military and economic. So an easier question to ask is: What’s the world’s largest economy? That’s almost certainly China … for more, go to https://www.japantimes.co.jp/opinion/2017/10/19/commentary/world-commentary/worlds-no-1-economy-not-u-s/#.Wjduj0qWbcc
Hey America! How would you like China’s navy patrolling 12 miles off the Californian shores?
https://mp.weixin.qq.com/s/fRA6mZqm9ohykDZUnKkGqQ (VIDEO: The US told to accept becoming No.2 to China)
The hypocritical and selfish US cannot be more exposed than its latest opposition of China setting up an Asian Infrastructure Investment Bank.
The debt-laden bankrupt economy of the Americans is now unable to fund development outside the US, after waging war after war with sovereign states since the end of World War ll.
And now, the US can only jealously look and demonise China’s efforts to stimulate the global economy.
There is simply no justification, neither is it any business of the US, to object China’s initiative to set up such a bank to help aid Asia’s growth.
It sure looks like the hapless US is desperate to stop China’s blazing global economic progress - to the point of opposing just for the sake of opposing.
I Love Malaysia-China Silk Road reminds the US that two can play the same game, therefore, the US should stop intimidating China with its aggressive military presence and activities in the South China Sea (SCS).
At a recent Harvard University’s Kennedy School Of Government Institute Of Politics discourse, the US was told to face reality and accept becoming No.2 to China in the not too distant future.
The US was also told: “It is now of America’s national interest to stop aggressive naval patrolling 12 miles off China’s shores because if you do that, 20 years from now there will be aggressive Chinese patrolling 12 miles of Californian shores …”
The talk also covered why it would be in the interest of the rest of the world to ensure that China’s Communist Party remained strong to govern the country of billions of people.
And, a bonus mention of Singapore becoming the New York of Asia …
View the above video clip for an interesting discourse.
|SOFT POWER For America, the best response to China is to put our own house in order., © M. Garfat/MGP (Feather), © Gino's Premium Images (Leaves), both from Alamy; © Cary Anderson (Wing), © Michael Nolan/SpecialistStock (Eagle'sHead), © Aaron Joel Santos (Bamboo Forest), all from Aurora Photos; © Getty Ellis/Globio/Minden Pictures/Corbis (Panda and Grass); Photo Illustration by Vanity Fair|
THE CHINESE CENTURY
Without fanfare—indeed, with some misgivings about its new status—China has just overtaken the United States as the world’s largest economy. This is, and should be, a wake-up call—but not the kind most Americans might imagine … for more, go to https://www.vanityfair.com/news/2015/01/china-worlds-largest-economy