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

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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).

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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.

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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.

Reminiscing Kirkby Days

REMINISCING KIRKBY DAYS

Kirkby Badge

An earlier message initially written in 2001

Kirkby Teacjing Prac.

Many Kirkbyites would recall the days of “Peaceful Slumber” in place of “Private Study”, the rendezvous in Kirkby Woods or along the canal, week-end coach tours to nearby places of interests, endless summer holidays in the continent . For the romantics, what sweet remembrances of whispering sweet nothing in the quiet room or the lingering at the doors of the girls’ blocks reluctantly saying good-night.

There were “bookworms” among us who buried themselves in the library trying to excel in their academic pursuit or winning trips on the “Blue Funnel”. For most in general getting a “pass” or “straight As” made no difference at all. Sadly enough, it looks like many of those “bookworms” are no longer with us. During such times as “Private Study”, our Papa Gurney used to be on the prowl and the Recreation Room was on the danger list, lest one should be caught playing billiards or snooker ( a favourite pastime with many) or table-tennis.

To the world at large, and America especially, September 11 will always be a significant and memorable date. About the same time on 15 September, some five hundred Kirkbyites gathered together for a great celebration of the past . . . a fiftieth reunion of the days gone by in the Malayan Teachers’ Training College, Kirkby in Liverpool, England. . . meeting at the Concorde Hotel in Kuala Lumpur after an absence of, for some, up to 50 years, and for us after 40 or 41 years. It’s a lifetime experience flashing through the conference room.

Recently, I heard again an old favourite song of mine “One day When We Were Young”, and it brings home the fact that we could never return to our youth . . . to the days gone by . . . when life seemed so easy and free. On this extended holidays of ours, we have managed to return to our old home-town, the old schools, the old place of work, visited old friends and colleagues who are still around. Who would have thought that some people have passed on . . . the old place had progressed beyond your own recognition. . . and misfortune had befallen among some, while some unexpected ones have gone on successfully.

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College Lane by the railway track

Back to the scene at the Concorde Hotel, a comment was made that night . . .who would have thought a Kirkbyite, Bainun Mohd Ali, would one day be the Queen of Malaysia. She, presently Raja Permaisuri of Perak State in Malaysia, was most gracious to grace the occasion and posted for photographs with us all. Proudly, Kirkby College has produced many distinguished personnels in the field of human endeavour, academically and socially. Pity that such reunion had never been organised in the past. It would be good to keep the tradition going. A big thank you is in order to John Pillai (deceased) and his committee for such a task well done. Kirkyites have spread themselves to all corners of the world, though many have remained and retired in the Golden Chersonese. Keeping in touch these days electronically is so easy, instant and cheap. There is absolutely no excuse for not trying.

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Most of us are or would-be grand-parents. Some unfortunately have passed on. For us who are still around, let’s not neglect meeting together regularly for the days ahead are not many. Or at least keep in close touch through emailing.

Paul Chong

Batch of 1959/60