Edison Chen
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- Aug 21, 2013
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Edison, you seem to be quite an smart man, why do you think that national interest should include empire building at the expense of other countries? The time of empires already passed, in the 21st century the new modality of empire is domination by financial and cultural means, USA is the best example of that and china was doing a good job at it until Mr. Xi came along and started empire building by means of aggression and force; that way of doing things will be the downfall of china, everybody will unite against china and china will lose in the end. Chinese people need to open their eyes before its too late, they are on a path to disaster..
That's correct, in fact the US influence the world by the aggressive financial domination, they have the pricing power over natural resources like crude oil, agricultural product. The USD is world reserve currency with more than 80% trading volume, times larger than Euros and JP yen combined. They can also inject inflation by quantitative easing to developing market including China, ASEAN, etc, namely, the US is also maintaining its national interest at the expense of other country, but by a rather "civilized or obscure" way. If the QE pulled out, the ASEAN economy is badly affected, in fact, the capital has been flowing out from developing market since last year. The US economy is pretty good this year, Dow Jones stands on 17,000, they also added 288,000 jobs in June and the unemployment rate fell to 6.1% from 6.3% and the wages also grow by 6%. The better the US economy performs, the more probability the QE pulls out, the worse situation is for developing countries, but China is less affected due to our 4 trillion reserve. This is how strong the US is. But the US was not born with this, they developed to be rich by industrializing, they capitalize on world natural resources like any other country does. China is on a different phase of development, if the US is on the maturity stage, China is still on the mid developing stage, unlike the US, we still rely on resources too much, due to our economy structure, most of which are heavy manufacturing and natural resource consuming industry. China's economy is not yet high tech driven, our financial power is not yet dominating enough to give us more leverage in international affairs, China's currency is not even top mostly traded, we have real estate issue, shadow banking problem, and any other issue that every country could face. US also has a very superior location, with only 2 land border nations connected, and the Pacific and Atlantic as natural barrier. China is different, we have more than 15 adjacent neighbors with the border line, it's too hard to avoid conflicts, and as I can see, given that situation, China has been very modest. LOL, amigo! I don't think it's a way to disaster, even if so, I think ASEAN can't be totally immune from the bad consequence of domino effect after China's crash. Are you a Spanish origin while residents in VN now? I really hope more people like you can hold sidelines...or from a observer's point of view. Welcome to China anyway!