Many ‘experts’ said China would
collapse for more than 10 years. So far, it has not been materialized. Even
five years ago, the same ‘experts’ told me it would crash soon and this time
was right. No crash so far. I bet these experts have never visited China. China
has prevented the loan bubble by creating the housing bubble. Eventually these
bubbles will burst and no one knows when they will.
U.S. is still leading the world
in many sectors, while China is reducing the gap. 5G is the technology that
China can claim it is about 1 year ahead of all competitors. It would be the
important technology when thousands of machines can talk to each other.
Being a Chinese immigrated to the
US, I’m happy that China is rising after centuries of humiliation. Sincerely I
hope China’s rise will be beneficial to the world. “One Belt, One Road” should
benefit many countries including the nations in the routes including Africa.
China claim they do not interfere your political belief.
China has been building
railroads, factories, hospitals, stadiums in Africa. From history, China has
very few invasions to other countries and very seldom colonized a country even
it had the ability to. China has emphasized not to interfere other countries
but grows wealth mutually via trading and investing. Many times China’s foreign
investments do not pay off for China, but in most cases they benefit these
foreign countries. China tries her best to integrate with the international
systems rather than changing them. However, U.S. will not want to be #2 in
Africa. Africa in the next 30 years will not be wealthy enough as the major partner
for Chinese products.
Any trade war, military war and conflicts
between US and China would hurt me personally. I do hope the reunification with
Taiwan will not happen in my lifetime if it is by force. Hope all the islet
disputes will be settled politically.
Like most countries, China has
her own problems to solve. Corporations are encouraged to buy foreign
technologies. The housing bubble is almost burst as of 2018. The government has
taken actions to cure the debt problems starting with reducing buying US debts.
With few regulations, China is
easy to start new ventures. However, it
is now close to be developed. China needs regulations and enforcements to
protect her citizens and her own intelligent properties. China needs food
quality control and enforcement, financial regulations like our SEC, FTC,
Federal Reserve Bank… China is on the
right track, but she still needs to reduce wealth gap, suppress corruption,
improves human rights…
Yuan will not be a reserve
currency for a long while but it will be used to trade between China and her
partners especially in the “One Belt, One Road” projects. The new energy exchange
uses Yuan
as the trade currency.
We need to trust China rather
than making China an enemy. We have not let China to participate in our space
program while China opens theirs. With our high debts, should we contain China
with loans from China?
China is changing so fast. After
10 years, I visited China again in 2017 and I did not recognize China with so
many new buildings. Use Google or any search engine to search for updated
articles.
Chinese are optimistic for the
future. They enjoy a better living standard than 30 or even 10 years ago. They
care more about making money than politics. The youths are busy in their
education and they know no one will bail them out if they do not work hard now.
If China’s rise is peaceful and
beneficial to the world, let she rise. We have other problems more important to
deal with such as our deteriorating infrastructure, our rising debts, addictive
drugs, shootings, crimes and obesity. Israel could be controlling our Congress
and it would drag us to WW3.
China and the US are the largest
economies and they are integrated in almost in all areas. For example, China is
#1 or #2 loaner to our foreign debts and our companies are #1 to invest
directly in China. Our trade deficit has been huge but exaggerated as explained
in this book. We need China to take out the barriers to our products that are
viewed as superior products by Chinese citizens.
Even with all the distrust and
cultural differences in both sides, we have integrated with Chinese in many of
our departments. Chinese has become the second foreign language to our students
after Spanish. Chinese tourists and students have become our number 1 service
surplus.
“2025 Made in China”, “One Belt,
One Road” and China’s leading 5G, U.S. receives the warning with actions
including the trade war. Chinese never learn “silence is golden”.
As of
2018, I have donated all book profits to charities. I write for the love of my
adopted country and my country I was born in. If you feel this book is
beneficial to you, refer it to your friends and/or write an unbiased comment in
Amazon.com;
if you’re shy, you do not have to use your real name. Thank you for reading my
book.
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The above is from my book "Can China Say No?" available from
Amazon.com.
