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I really wish someone could dig up some biographical data on Minxin Pei. What is his agenda? Is he a patriot, and believes that pointing out criticism is the best way to help? Or is he a Gordan Chang -style hanjian?
The current status quo benefits China the MOST.
No other major country is growing at 9-10% per year (don't bother with India, their growth rate just fell to 6.1%). And we are already the second largest economy to start with.
The current world order is annoying, but it serves our interests for now, and it will continue to do so for the immediate future.
Yes, I'm a big fan. He had the advantage of being racially pure so he didn't have to struggle with identity issues. But I'm sure he was also mentally resilient. For example, Barack Obama is biracial and struggled with identity issues for a long time (read Dreams of My Father), but he turned out very accomplished, not a lunatic like Gordon Chang. The only thing Chang proves is mental weakness + hostile environment = insanity
Another line from US Press 15 years ago about China....
"Communism was an anomaly for these people that invented paper money, the dynamism of the Chinese people BLah, blah, blah"
Now, it's communist China this and communist China that in the US Press. I'm pretty sure China didn't go back to communism, but you would think so from US Press.
If clash means in the sense a military clash i really doubt US and China are worlds largest economies highly dependent on each other. If there will be war between these two giants it will not only sink them but will also sink world economy.
Give US a break. China's economic growth came to be from two main items: American consumers and China's currency manipulations.Of course as defensive measures to help keep the fllood of money from your printing machines away from much harm. And your consumers have long been benefitting from our value for money products!
Savers do not escalate economic activities. Savers do not take risks with their wealth. No risks, no creativity and therefore no economic growth.Economic growth refers to escalating productive transactions from the use of natural resources, technology development, labor, etc.