Rizal Philippines
January 25, 2016
From USC China Institute
China's leadership may be on its time schedule to achieve the China dream being espoused by its President Xi Jin Ping The China dream covers united, strong China whose citizens are prosperous. It means world dominance in trade, economics and even military hardware. (A former student in ADB said China would reclaim its rightful place in the World History (he was connected at ADB then, China is a shareholder at ADB.
What are the signs that China is pursuing world dominance.
1. Xi visited South Africa to strengthen ties with African leaders. China has all ready a strong presence in Africa.
2. Recent visit to the Middle East. Here Xi promised loans and other financial assistance. The US influence in the region is declining - thanks to pacifist current US leadership. All ready US is rubbing the KSA leaders over its handling of the Iran deal (led by Shiite) KSA is dominated by Sunnis
3. Build up of its military (China would build additional aircraft carrier. Did you see its display of military hardware in the Beijing anniversary of its victory over Japan?
4. It establishment, albeit illegal (from our point of view) of disputed territories in West Philippine Sea. China would be needing this to have strong global presence (military) in the region to control the shipping lanes and possibly the air space and the rich fuel resources that the territory contains.
5. The establishment of AIIB would seem to challenge the US financial system and dominance of the dollar. China has the biggest currency reserve of $3 trillion, and many observers are saying that China and Russia are orchestrating moves to remove the dominace of the dollar as currency for international trade. Yuan would be next?
Call that bullying or Chinese imperialism?
But one thing for sure, China has got balls now and they know it and using their might and resources to the hilt.
But the Western countries did just that when they were strong economically and militarily. China is aware that it is the second (some say the biggest) world economy has biggest cash reserve. And Xi has made forays all over the world to extend its influence (the latest visit to Africa and ME countries) Who can stop Xi/China?
