Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts

Tuesday, May 14, 2013

DTN News - CHINA TOPIC: Traditional China Was An Arrogant, Aggressive And Brutal State

DTN News - CHINA TOPIC: Traditional China Was An Arrogant, Aggressive And Brutal State

(NSI News Source Info) TORONTO, Canada - May 14, 2013: Chinese leaders are making much of the fact that 200 years ago China was a mighty empire that generated a third of world GDP and 150 years later that was down to less than five percent. 

Now, because economic reforms in the 1980s, Chinese GDP is 16 percent of the world total and rising. But 200 years ago China was 35 percent of the world’s population and now is 20 percent. The U.S. has a fifth of GDP on the planet with only five percent of the population. China expects their GDP to surpass that of the U.S. within 10-20 years and then keep going. This makes many Chinese feel great and more willing to tolerate the police state bureaucrats who run the country.

Yet many Chinese and foreign economists doubt that the growth will go where Chinese officials say it will. That’s because Chinese economic growth has been slowing down and that trend is likely to continue because of numerous problems with the Chinese banking system and industrial policy as well as unfavorable trends in pollution and labor force growth.

Still, most Chinese are proud of their economic achievements in the last three decades and see this as the return of China to the leading position it has held for thousands of years. The 19th and most of the 20th century were a disaster for China and a recovery from that is seen by Chinese as long overdue. Foreigners, especially if they aren’t neighbors of China, have a hard time appreciating how important this is in China. But for those who live close to China, these new Chinese attitudes and aggressiveness are regarded with a sense of dread. Traditional China was an arrogant, aggressive and brutal state. The neighbors all have considerable experience with this and don’t look forward to seeing the bad old days return. China simply sees it new assertiveness as reclaiming what was lost in the many defeats it suffered during the 19th and early 20th century. It’s aggression borne of arrogance, which has been the cause of so many wars in the past.

http://defense-technologynews.blogspot.ca/2013/05/dtn-news-china-topic-traditional-china.html

Sunday, March 4, 2012

DTN News - CHINA DEFENSE NEWS: China Military Budget Tops $100 Billion

DTN News - CHINA DEFENSE NEWS: China Military Budget Tops $100 Billion

(NSI News Source Info) TORONTO, Canada - March 4, 2012: China's official defence spending will rise by 11.2% in 2012, pushing it above $100bn (£65bn) for the first time, the government has announced.

Beijing's defence budget has risen each year for two decades to become the world's second-biggest, behind the US.

It is developing an aircraft carrier, a stealth fighter jet, and missiles that can shoot down satellites.

The US promised to bolster its presence in the region last year, in a move seen as countering China's dominance.

Washington, which spends about $740bn on defence each year, already has bases housing thousands of American troops across the region.

The BBC's Martin Patience in Beijing says Chinese officials remain wary about growing American influence in the region, and believe Washington wants to encircle China.

'Peaceful development'

China's emerging military might has especially worried its near neighbours.

China has long-running territorial disputes with Vietnam, the Philippines and Japan, and has also positioned hundreds of missiles for a potential attack on Taiwan, which it views as part of its territory.