Chinese are eroding influence of the U.S.

Society Business and Career
1

http://www.iht.com/cgi-bin/generic.cgi?template=articleprint.tmplh&ArticleId=114221

*The dominance of the United States in Asia, unrivaled for more than 50 years, is subtly but unmistakably being chipped away as Asian countries look toward China as the increasingly vital regional power, political and business leaders in Asia say.

China’s churning economic engine, coupled with trade deals and friendly diplomacy, have transformed it from a country to be feared to a nation that beckons, these regional leaders say.

Last year, for the first time, Japan’s imports from China surpassed its imports from the United States. At the same time, Japanese exports to China surged by 39.3 percent. China has now become South Korea’s largest trading partner. In a direct challenge to the United States, Prime Minister Wen Jiabao of China urged Southeast Asian nations last week to achieve $100 billion in trade with China in two years, nearly double the current $55 billion volume. Trade between the United States and the 10 members of the Association of South East Asian Nations was $120 billion in 2001…*

It’s all about trade homz, and at this rate the US hegemony is over soon come.

2

Good for china..hopefully they can now deal with retards like Kim before the 8% growth turns to dust.

Relistically tho..at some point the chinese will have to appreciate the Yuan. It would be interesting ot see whether that would lead to capital flight. Hope not..

3

...good to see this site has chinese interactors like chota who keep us abreast of developments in china...good work...

4

Go China. Here’s hoping China becomes the world’s most dominant economic power by 2050. Bodes well for Pakistan too. :k:

5

Honestly what i am more interested in is the FTA between ASEAN and China. Or say the ASEAN plus 3 formula with South Korea and Japan. If that FTA comes into full force you would have a major economic block that would rival the EU and US both.