Thursday, January 20, 2011

CHINA IS RACING WITH AMERICA FOR GLOBAL DOMINANCE IN THIS 21ST CENTURY"

The United States of America remains the world's leader in all respect. America is the richest country in the whole world with the world's largest national economy, and an estimated GDP of $14.4 trillion which is about 24% of the entire world's GDP, and a national population of over 310 million people. The United States is the third largest country in terms of the land mass in the entire universe, and is the only surviving and the remaining superpower nation left on earth today after the end of the cold war and the collapse of the former Soviet Union.

According to the International Monetary Fund, the U.S. GDP of $14.4 trillion constitutes 24% of the gross world product at market exchange rates and almost 21% of the gross world product at purchasing power parity (PPP).
According to the popular online encyclopedia website, the Wikipedia, the People's Republic of China is the world's second largest economy  after the United States. It is also the world's fastest-growing major economy, with average growth rates of 10% for the past 30 years unabated.

China has emerged as the world's rising power in the last 20 years or more. China remains the only country with the largest population in the world, her population stands at 1.3 billion people, about one-sixth of the entire world's population. She is also the world's second largest economy overtaking Japan recently. Analysts are all predicting that by 2030, China's economy will be bigger than that of the United States, and China will become the world's largest economy at that time. Today, China has the fastest and the largest growing middle class population of about 150 million people.

THE MAJOR RECENT ADVANCES BY CHINA
China in the last 10 years had made great technological and economy advances in many areas, such as:
(i) The renewable energy technology. Today, China is the world's largest manufacturer of solar cells or panels.
(ii) China recently built the world's fastest supercomputer and the world's fastest electric train.
(ii) China has a big plan to send a man to the moon by 2020.
(iv) Chinese now buy more automobiles than the Americans.
(v) Recently advances by China's military in cyber and anti-satellite warfare technology are remarkable indeed.
(vi) China is the world's fastest growing economy at an annual rate of 10% for the last 30 years unabated by other nations.
(vii) China is the world's second biggest economy at $5.5 trillion.
(viii) China is the world's largest manufacturer of finished, household and consumable products today in the whole world

THE FUTURE OF THE AMERICAN-CHINESE RELATIONSHIP
Today, China and America have so many areas of cooperation where they need each other. The future of the relationship between these two great powers of the 21st century would depend on the following steps:
(i) China needs to improve of its human rights records, press and religion freedom.
(ii) China must also stop manipulating its national currency and increase its value in order to promote a fair playing field between both countries in all their trade agreements.
(iii) China must also stop the recent cyber attacks against American sensitive interests, and stop the manipulation of its stock markets and the espionage activities against United States international interests around the world.

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