In late January this year, I was suffocated by the fact that China and Hong Kong were flooded by the news and images of the SinoAmerican meeting. I was fervently told in every detail that the Chinese President Hu Jintao (also the General Secretary of the Chinese Communist Party) has made a landmark journey since the visit of Deng Xiaopeng in 1979. A shopping list of China is confirmed and announced: China will buy 200 Boeing 737s and 777s that worth 19 billion USD and 100,000 jobs will be created. Other contracts include: a railway contract for General Electric, Cummins involving a project of hybrid bus, and Honeywell, joint ventured with a Chinese company. All of these deals guarantee 235,000 US domestic jobs, and a 45- billion USD bill in total will be signed by the Chinese. China is incredibly rich. It is an economic miracle with more than 8% GDP growth over the last 20 years. It has created over 14 million jobs worldwide, and now China is becoming the saviour of the US economy. Both eastern and western observers argue that China is peacefully rising and is becoming indispensable to the world economy.
Published in Political Reflection Magazine Vol. 2 No. 1
