Already, despite a recession that has played havoc across the globe, Chinese industries have managed to continue growing in a much-envied bubble.
So much, in fact, that they have now overtaken Canada to become America's largest trading partner, making the USA-China trade block the world's largest.
Likewise, the Far Eastern country has overtaken the United States in its number of billionaires - perhaps in itself nothing more than a dent in the amour of ethnocentric patriots, but possibly an implication of a broader shift of economic power away from traditional North American and European powerhouses towards the developing world and especially China.
Please read the link
http://www.nytimes.com/2009/10/14/business/global/14rich.html?hpw
Nonetheless, the USA still accounts for a quarter of the world's GDP and spends almost as much as the rest of the world combined on its military. Despite the concerns of this situation forwarded by Western media, the global influence of America will, in all likelihood, remain prominent for some time.
Just the same, China has firmly asserted its ascendance onto the world stage as an emerging superpower.
Just take a look at China's National Parade Day in Beijing, celebrating 60 years of communist rule!
Posts
No comments:
Post a Comment