China Is Officially World Number One

Paul Chong – A Chinese by Descent, An Australian by Consent   Sunday, 14 December 2014

Xi Jinping - Fearless but not dangerous
President Xi Jinping – Fearless but not dangerous

th-1

th-2

Figures don’t lie. It’s official now. China is the No. 1 economy in the GDP
world. This is a definite “vindication” of the hundreds of years
of Western humiliation, aggression, suppression & oppression. Step aside America
for the grand entrance of the awakened Dragon, which is ushering in progress & economic development for other nations as well.

“Zhongguoren zhan qi lai le”

The last thirty odd years of Chinese history has been phenomenon . . . spectacular & unprecedented in the history of human endeavour. Chinese have always been known to be the most assiduous people in the pursuit of economic achievement.

Tom Orlik, Bloomberg’s China economist, once heard a Chinese local government official say that the government measures the economy using fiscal revenue instead of GDP because “GDP is opinion, fiscal revenue is fact.”

When the World Bank formally adopted the PPP (Purchasing Power Parity) methodology back in the early 1990s and thus elevated China’s ranking, there were two general reactions in the Chinese media. One was that this represented Western recognition of China’s real bargaining power, against the backdrop of sanctions imposed in response to Beijing’s handling of domestic instability in the summer of 1989. The other was that the new ranking might as well be a Western propaganda ploy to trick China and the Chinese people to be less hard-working and, by extension, China should instead double its efforts to grow its economy.

Using a market exchange rate to compare China’s economy with that of the United States would make its economy around two thirds of the size of the economy of the United States. So what? China would still be superlative in many ways: the world’s largest producer and consumer of steel, the largest consumer of energy, the largest importer of soybeans, and the largest emitter of greenhouse gases.

You just can’t hold down the awakened Dragon from its peaceful slumber . . . Napoleon Bonaparte had wisely long ago decided not to rouse the sleeping Dragon.

Few noticed this great happening – a moment of considerable global importance. According to Brett Arends, from the US site MarketWatch, he reports: “There’s no easy way to say this, so I’ll just say it: we’re no longer No.1. Today, we’re No.2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.”

That’s President Barack Obama’s legacy, right there. He’s overseen a national decline that has taken the US — in comparative terms — back to the days of Grant, who occupied the White House during the post-Civil War years from 1869 to 1877.

When Obama promised change, this may not have been what his fans expected.

According to MarketWatch’s analysis, the latest figures from the International Monetary Fund show that “China now accounts for 16.5 per cent of the global economy when measured in real purchasing-power terms, compared with 16.3 per cent for the US.”

In 2014, China is expected to produce $US17.6 trillion worth of goods and services compared with America’s $US17.4 trillion.

China is well on the road of no return. It’s marching on . . . always remembering the Great March of Mao Zedong’s struggling years.
China surpassed Japan in 2010 as the second largest economy in the world, measured by GDP (Gross Domestic Product).

692230-12738cc4-7dd9-11e4-a7a5-387122805962

Now, China is playing its role as the planet’s greatest-ever economic power. China’s rise is remarkable – only 14 years ago, MarketWatch writes, it was producing just one-third of America’s output. But just as remarkable is the soft treatment China receives from those who criticise the West.China now has a firm grip on the world & the wonderful thing about China’s leadership is that it is sharing & helping other nations to grow without shooting or intimidation. Obama, the ironic Nobel Peace Prize winner, has played its last role of creating & waging more wars than any of his predecessors.

th
Xi Jinping, the newly acclaimed global leader, is fearless but not dangerous.
It’s going to be a more peaceful & progressive world!

WIN-WIN for ALL.

The Irony & Tyranny Of It All . . .

By Paul Chong / Friday, 7 November 2014

210px-US-DeptOfNavy-Seal.svg

The 9/11 attack on the twin towers of the World Trade Centre, the mystery of which still hangs in the air. Believably, it’s a ploy & strategy for US justification to strike at others.

It’s moronic, insane & totally unthinkable for any country in the world to dare to invade or attack the US with all its war weapons & sophisticated military technology, nuclear power & capabilities, war ships & plane fighters, its fleet of aircraft carriers, its thousands of military bases covering the surface of the world. It would be suicidal & absolutely insane to say the least.

However, US is contradictorily telling the world that its national safety & security are being threatened. It’s driving itself like crazy to war with Russia, creating turmoil , chaos & instability just about everywhere. Its gutter level of propaganda is unimaginable.

President Obama, recipient of the Nobel Prize Award for Peace, has waged more wars than his predecessor Bush, besides constantly threatening wars on others. This is really ironic & laughable for he should be expected to promote peace rather than war. Shouldn’t his Nobel Prize be withdrawn?

There’s an old adage to make friends rather than enemies for even one enemy may turn out to be everywhere you turn. The Chinese are being wise extending peace & goodwill wherever they go – building, developing & sharing with other nations the prospect of prosperity. It’s clear to see the American are doing the reverse laying waste & destruction.

The American are indeed following the footstep of Islam, as invented by Prophet Mohammad, not as a religion of peace but as to justify his aggregation of worldly power & wealth.

If the American act as though all Muslims are evil, they run the risk of creating a self-fulfilling prophecy. There are well educated Muslims who generally are decent & peace-loving who deserve human respect & friendship.

Smile begets smile. Aggression begets aggression. That’s the natural law in operation. The same goes towards making friends or enemies.

I am no politician but like most observers will perceive, US is driving in all possible directions to provoke Russia to war over the question of Ukraine. Good thing that Russia has the good sense to remain cool & patient. Both countries have nuclear capabilities. Should there be a war, both will be annihilated.

China is not a hostile country. It certainly does not come near to compare with the might & power of US military. China quite easily is still 20 years behind the US in terms of military capabilities & technology. Given US technical assets, it will be a long way before China stands head over shoulder in this respect . . . unless China has had made some secret serious strides in the last few years.

What is there for US to fear except fear itself. Let’s hope US is not acting like a lame tiger in the jungle of survival, desperately pouncing & devouring on every animal big or small.