Thursday, January 11, 2007

Red Rising: PRC

The Chinese General Administration of Customs reports that China's worldwide trade surplus grew by 75% in 2006, or in other words, it increased from $102 billion in 2005 to more then 177.5 billion in 2006. China's exports rose 27.2 percent in 2006 from the previous year to $969 billion, while imports were up 20 percent to $791.5 billion. Unlike what many “experts” are saying this is not the surplus in US trade but for the entire world. The country breakdown has not yet been reported but it is expected that China's trade surplus with the US will suppress the record $202 billion in 2005.

This means that the US is one of the only countries in the world to import more from China then we export to them. This being the case you would think that we would demand China stop imposing restrictions on their companies on what they can import and stop putting up barriers to American exports, but this is not what is happening. China still restricts US imports and still keeps its currency pegged against the dollar, not letting US products be competitive with home produced Chinese goods.

In other news, the PRC has overtaken Japan as the world's number two car market, just behind the world leader America. The overall sale of cars in China rose by 25%, with a 37% rise in purchases by wealthy drivers.

With its ever growing economic power China is now beginning to translate that into ever increasing geopolitical strength. In it's latest show of international influence the PRC has told the US to not interfere with the newly signed oil deals between Iran and Chinese state owned oil companies. Through these major deals China is helping to sponsor Iran's nuclear program and feed its own ever growing energy hunger.


Blogger Sinister Dan said...

Care to speculate on the likely hood of Chinese ascendancy as a super-power?

1/15/2007 9:41 AM  
Blogger TRex said...

I think Alek's entire blog is a speculation on China rising to superpower status. Or maybe a chronical of it.


1/15/2007 10:36 AM  
Blogger Aleksandr said...

There is no more speculation China is already a superpower, maybe a little weaker then the US for now, but a superpower none the less.

1/16/2007 6:09 PM  
Blogger dw said...

'maybe a little weaker then the US for now'

I agree with 'for now' yet they are still a joke to us in spite of their impressive advancements even in military. But not for long. I can easily envision them shocking the hell out of us. Many years ago in high school they were referred to as 'the sleeping giant' in the history book. Our technology and their new found wealth has woken them up to new horizons we've lost sigh of, maybe through decadence and too much too eat?

2/11/2007 7:40 PM  
Blogger Aleksandr said...

That China is a sleeping giant is an American misconception then and now. Unfortunately it is one that has lead to the US to continue to underestimate China in the past, present, and most likely in the future.

China was never asleep, it was always unable to turn (improve) because of its massive size. What it needed was a country stupid enough to help it finance PRC's problems away.

That was the whole point of the fake split between the Soviet Union and China. Under this split the US would try to divide the two apart by trying to buy Chinese loyalty (sort of divide and conquer from the US point of view). The US bit on the bait (the late 60s border skirmishes between the USSR and the PRC). This was the second phase of the Communist strategy to beat the West (currently we are in the final phase of that long range plan).

Now after using the scissor strategy to cut at US power the old Communist block is now ready to use the clenched fist to pound us to the ground.

2/22/2007 11:09 PM  
Anonymous Anonymous said...

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10/09/2007 7:21 PM  

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