All of this has left China more isolated and more dependent on hard power to maintain its influence on the world stage. US intelligence has warned that China ishere and around the world. The head of the US Navy and the CIA have spoken about China attacking Taiwan — an island in the South China Sea that the CCP has claimed as its own since its political opposition fled there after China's civil war in 1937 — in the near future as a foregone conclusion.
Beijing is working tirelessly to find ways to get over these hurdles. Though Xi did not discuss economic reform during the CCP Congress, there was significant time spent on the development of the People's Liberation Army, China's military force. Perhaps more ominously, David Finkelstein, the vice president of the Center for Naval Analyses, pointed out that two key CCP phrases were"hedged" from Xi's Congress report.
For the US's part, this means we need to find more lasting deterrents to Chinese aggression if there is to be peace in East Asia. Taiwan's"Silicon Shield" of advanced semiconductor plants make it crucial to the global economy, but Shih told me it's likely Beijing has already priced in damage to those plants in its calculations for conquest.
BITech MAO II, the movie
China GDP up 3.9% for Q3 yoy. Up 3% for Q1-Q3. Picking up Speed. In Q1-3, trade surplus up 53.7%, export up 13.8%, foreign trade up 9.9%, import up 5.2%. In Q1-3, auto export up 67.1%, elecromachinery up 10%, textile up 11.1%. China rocks.
If China goes into economic collapse the USA will be the only party that can bail them out. The bailout will require widespread and meaningful political and environmental change on China’s part -it would be in the world’s best interest to both solve the crisis and force change
Didn’t the Republicans “Trump” warn us on China ?