The Rise of China as a Superpower

Shanghai, China (ISTOCK.COM/LIUFUYU)

 

 

It is one of the most impressive economic and political miracles in modern times. And it isn’t over yet.

China is a sovereign state with a population of over 1.3 billion people. The nation possesses the world’s largest economy by some measurements, the world’s largest population and the fourth-largest territory.

These are the building blocks of a superpower. While the world anticipates China gaining superpower status, analysts debate over when and whether its rise will be peaceful.

The Trumpet forecasts that China will continue to grow as a formidable power, combining its strength with Russia. Further, we forecast that it will play a major role in waging economic war that will devastate America.

Where do these forecasts come from? Continue reading

China—Superpower of the Future?

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Caption: (iStock.com/chinaface)

 

China will take more than your manufacturing job.

China is a sovereign state in East Asia with a population of over 1.3 billion people. The nation possesses the world’s largest economy by some measurements, the world’s largest population and the fourth-largest territory.

These are the building blocks of a superpower. While the world anticipates China gaining superpower status, analysts debate on when and whether
its rise will be peaceful.

The Trumpet forecasts that China will continue to grow as a formidable power, combining its strength with Russia. Further, we forecast that it will play a major role in waging economic war that will devastate America.

Continue reading

The Dangerous Rise of Scientism

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Image credit: Barbara Kelley

 

In antiquity, the followers of the Greek philosopher Pythagoras trumped any doctrinal dispute by saying “Ipse dixit”––“He himself has said it.” Rather than demonstrating the strength of his argument, a Pythagorean would simply invoke the great master in order to end the debate. Today we call this logical fallacy the “appeal to authority,” yet we continue to indulge it. Only now, our master is science or, more often, what appears to be science.

Continue reading

U.S. to Send Bombers to Australia

Deal highlights America’s fear of rising power in China.

The United States and Australia are currently finalizing a deal that will see a number of U.S. B-1 bombers deployed to Darwin. While not officially confirmed by the Australian government, U.S. Pacific Air Force Gen. Lori Robinson made the announcement to media sources on Tuesday.

Continue reading

Australia’s Darwin port leased to Chinese company for 99 yrs

America outmaneuvered through ‘business’ with an Australian government who considers cattle a priority over national security in Oceania and the Asia-Pacific. Being that China will now have an 80% stake in the port, they have an opportunity to exploit economic warfare on Australia as well.

 

A decision by Australia’s Northern Territory government to lease the Port of Darwin to the Chinese-owned Landbridge Group for 99 years has become a hot topic of debate among the nation’s senior defense officials, reports the state-owned Australian Broadcasting Corporation (ABC).

Tracey Hayes, chief executive of the Northern Territory Cattlemen’s Association, welcomed the deal as she believes it is vital to keep Australia’s busiest port for live cattle export running efficiently. Continue reading

What Happens After a Superpower Dies?

A necessary repeat, and from 2014:

 

 

What happens when a superpower dies? What happens when the geopolitical order that has stabilized the world for several decades crumbles?

We are all about to learn firsthand. Continue reading

B-1 bombers coming to Australia to deter Beijing’s South China Sea ambitions: US

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The US military plans to station B-1 strategic bombers and surveillance aircraft in Australia as part of efforts to deter Chinese ambitions in the South China Sea, a senior US government official has revealed in comments later downplayed by the Australian government.

During testimony before the US Senate Foreign Relations Committee on Wednesday, US Defence Department Assistant Secretary for Asian and Pacific Security Affairs David Shear announced that in addition to the movement of US Marine and Army units around the Western Pacific region, “we will be placing additional Air Force assets in Australia as well, including B-1 bombers and surveillance aircraft.” Continue reading

What Happens After a Superpower Dies?

What happens when a superpower dies? What happens when the geopolitical order that has stabilized the world for several decades crumbles?

We are all about to learn firsthand. Continue reading

China Will Soon Face Arc Of US F-35s, Other Fighters, Bombers

WASHINGTON: The American who leads the leading edge of our sword in the Pacific — the Air Force — worries that China‘s sometimes “aggressive approach” in using its fighters, bombers and ships to signal its territorial claims across the Pacific creates “the potential” for a serious incident in the region.

But the United States and its allies are clearly working well together to remind China that it faces enormous power and cannot act unilaterally without cost. The latest American fighters and bombers will be deployed in an arc from Japan to India, lacing across all of China’s maritime regions, Carlisle made clear. Continue reading

China Threatens to Pull Pin on Global Economic Hand Grenade

A senior adviser to the Chinese government has called for an economic attack on Japan’s bond market to crash the yen and drive the country into submission, reported the Telegraph on September 18.

The threat comes as Japan and China vie over ownership of the Senkaku group of islands located between the two nations.

Jin Baisong, who holds a position at a branch of China’s Commerce Ministry, noted that China has become Japan’s most important creditor. China should use its $230 billion of Japanese bonds “in the most effective manner” and ignite a budgetary debt bomb in its eastern neighbor, he said.

He also indicated that China should starve Japan of rare earth elements. China supplies around 95 percent of the world’s rare earth metals, which are used in many hi-tech applications including military machinery. “It’s clear that China can deal a heavy blow to the Japanese economy without hurting itself too much,” he said.

Jin’s threats may be directed at Tokyo, but America should take note because they could just as easily be aimed at the Red, White and Blue—and maybe they are.

Under President Obama, America has publicized its Pacific Maritime strategy as the cornerstone of its defense policy. Under this reorientation of American power, America is working to string together the various smaller Pacific nations into an economic and military alignment against China. In this context, America has often referred to its ally Japan and its many islands as its “unsinkable aircraft carrier” in the region. Japan is America’s most important Asian ally.

If America does not strongly back Japan, it risks having its Pacific strategy revealed as an empty shell. If China can force Japan to back down, it will be a huge signal for other Southeast Asian nations to submit to China. Japan’s only other choice would be rearmament. To this point, Japan has opted for a small military in exchange for American support. If U.S. support is ever seen as unreliable, Japan will be forced to re-militarize. A rearmed Japan will be much more independent and less America-centric in its policies.

Yet America has to be very careful in its dealings with China too. America conducts 2½ times more trade with China than it does with Japan. The U.S. federal government has also borrowed a whopping $1.3 trillion from China (and Hong Kong). China also owns another half trillion or so in other U.S. dollar debt assets.

China has its fingers on the pin of a much bigger hand grenade.

And there is no doubt that China considers America’s debt as a weapon to be used too. Back in 2007, Xia Bin, a cabinet-rank minister, stated that China’s foreign reserves should be employed as a “bargaining chip” in trade talks with the U.S. That same year, as China and America hammered out a trade deal, He Fan, an official at the Chinese Academy of Social Sciences, went even further, warning that China could obliterate the greenback if it so desired. “China has accumulated a large sum of U.S. dollars. Such a big sum … contributes a great deal to maintaining the position of the dollar as a reserve currency,” he said. If China’s central bank is forced to dump its U.S. currency, it “might lead to a mass depreciation of the dollar,” he said. China’s state media describes China’s huge dollar holdings as a weapon. In the past, it has referred to America’s debt pile as China’s “nuclear option,” indicating Beijing could easily trigger a dollar meltdown of massive proportions if it needed to.

America faces some tough choices. Watch to see how its massive debt leads to a weakness that will alienate its allies. America is about to lose a lot more influence within the Asia Pacific. Whether China drives Japan into submission, or causes Japan to seek military independence from Washington, America risks being effectively driven back to the beaches of Darwin and Pearl Harbor.

China has got its fingers on a global economic hand grenade, and things may be about to get ugly.

Full article: China Threatens to Pull Pin on Global Economic Hand Grenade (The Trumpet)