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[Digest] China: Never Before

Popularity 2Viewed 1751 times 2015-12-3 01:04 |Personal category:Reading|System category:Economy| China

Simply to say, China is an extremely complex, multifaceted nation. That said, China faces the world with a unique set of new factors. 

Never before has a country in which up to 300 million people do not have access to clean drinking water competed so strongly with far richer nations and become a global provider of everything from consumer staples to huge feel units.

Never before has a state whose concerns are primarily domestic housed three of the seven most valuable companies on the planet or built up a treasure chest of foreign exchange that could buy the whole of Italy or all the sovereign debt of  Portugal, Ireland, Greece and Spain (as of 2011), plus Google, Apple, IBM, and Microsoft plus all the real estate in Manhattan and Washington DC plus the world's fifty most valuable sports franchises.

Never before has a country with such a mismatch between the size of its population and its relative lack of natural resources had such an effect on global commodity prices and shipping rates.

Never before has the world's superpower been so dependent on funding and cheap imports from a state whose nominal per capita wealth is equivalent to that of Angola, creating a completely new monetary-political relationship: 'How do you get tough on your banker?' as US Secretary of State Hillary Clinton summed up Washington's dilemma. Yet, on the other side of the Pacific, the PRC finds itself stuck with a huge stockpile of dollar-denominated securities it would prefer to be without but cannot dispose of.

Never before has a nation come back from such a long history of revolts, invasions, repressions and natural disasters to awe the world.

Never before, for that matter, has China been so involved with the rest of the globe: though less isolated that is often supposed, the great imperial dynasties were essentially inward-looking, content to focus on their vast domains.

Never before have so many people in a single country been so focused on simultaneous material advancement.

Never before has a leader who defines his goal as being simply to achieve 'moderate prosperity' for his state been selected as the most powerful figure on earth.

Never before has a country whose ruling party aims to apply 'socialism with Chinese characteristics' and to follow the path of 'scientific socialism' pursued such a red-blooded approach to market competition and crude economic growth.

Never before has such a globally vital nation been so attacked for cheating in so much of what it does.

Never before has such a state possessed the ultimate weapon of mass destruction, the world's largest army and a permanent seat at the top of ht major global forum.

Never before has technology enable manufacturers and traders deep in China to communicate instantly with the world or hackers to pose a security threat to foreign nations.

Never before has an avowedly left-wing regime been so stingy in healthcare, education, welfare and pensions - and urged others to reduce their social spending.



In short, by leading the Communists to victory in 1949, Mao Zedong changed his country. By steering the People's Republic on a new path, Deng Xiaoping changed the world. China and the world is so intimately entwined.





 —— from the book <Tiger Head Snake Tails>

(Opinions of the writer in this blog don't represent those of China Daily.)


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Reply Report Igo 2015-12-3 09:06
Tiger Head Snake Tails is really a book worth my while reading.
Reply Report Yuannn 2015-12-3 11:01
Igo: Tiger Head Snake Tails is really a book worth my while reading.
agree! that book provokes thinking
Reply Report Dracarys 2015-12-5 09:11
China is desperate to improve its economic situation .. however we didn't foresee that people's thoughts would be changed so much as our economic situation goes up..  
you may say every society goes like this and it's normal .. yeah it's nothing new.. I'm just saying as our media says: The model we developing our economy must link with Chins's reality . but I don't any reality in that all I see is that we act like a blind ..
Reply Report Yuannn 2015-12-6 18:13
Dracarys: China is desperate to improve its economic situation .. however we didn't foresee that people's thoughts would be changed so much as our economic situ ...
thanks a lot for your reply! For me, I do get confused with our present development situation. On the one hand, China's economy is definitely moving fast, however the gap between rich and poor is getting larger and larger. Social problems and conflicts arise all the time. I'm really afriad that this will lead to the collapse of our society.
Reply Report Dracarys 2015-12-7 21:20
Yuannn: thanks a lot for your reply! For me, I do get confused with our present development situation. On the one hand, China's economy is definitely moving f ...
that's why we need to improve ourselves .. no matter which and what society we are in . those who get things right always keep themselves still and those who doesn't are mean to be suffer ..

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