Monday, 14 February 2011

China’s Economic Rise; Reality and Fears

China passed Japan to become the world’s second-largest economy in the second quarter of 2010  and  according to the BBC will overtake the United States as the world’s largest economy by the end of the decade.

This is scary!!!!

Never in world history has a homogenously closed country with the largest population been the world's economic power. The implication of this is that China will determine not just world trade but world culture by share numbers. Literally China can be the de-facto capital of the world not by definite policies but by its trends and not require any input from other cultures/societies simply because of its closed or relatively unknown culture and a large population that will make external labour unnecessary.

Gordon Brown on CNN tried to allay these fears by saying the West will benefit from the change by “reverse trade” with China; but in reality is this possible? China despite its bulging middle class still remains closed and they have systematically devalued their currency while keeping expectations of their populace relatively low thus stagnating the cost of labour, while making their exports ridiculously cheap.

Anybody can be an American, British or even Japanese but NEVER Chinese (
91.59% of the Chinese population, approximately 1.2billion people, belong to one tribe the Han tribe). This means that labour, finance and trade flow will be a one way; from China to the rest of the world and resources the other way aka NEO-SLAVERY.

The story of China’s ghost city as seen in Zhengzhou and Ordos provinces where the government can wake up and build a city to house millions and nobody lives in them exemplifies this concern. The world needs to wake up to the fact that if China’s economy overtakes the American economy, we shall all become slaves of some sort.

1 comment:

  1. This is a great article where you have articulated the fears of a lot of people in the West. What makes it puzzling is that we know little about China and China has perfected our own techniques to our disadvantage.
    .... Dereek R (University of Manchester)