:

Back to Xtra!

Add Comment | Related Links | TrackBack
Related Content

Is China Scary?

News

Sitting with my lunch buddies today, my co-workers made a comment based on "Donald Rumsfeld's blunt assertion that China's military spending is a threat to regional security". He said that "China is ranked number 2 in military spending, second to the United States." The discussion then turned into how quickly China is growing and buying up all the resources. In turn, the demand is causing prices to go up in the U.S. steel industry and other markets. I vaguely remember the "cold war" being mentioned.

Only a few hours later, a different friend sent me an e-mail and quote, "We need to find a way to hold the Chinese back...the US isn't perfect but the fact that China will become a superpower scares me..." Obviously everyone is concerned with China's growth rate and the possibility of it becoming the second or first superpower.

I thought this whole concern is pretty funny. Before, we were scared of China's communist ways. But now that they are playing the capitalist role of buying resources, driving up deman, and turning industrial, we are still scared, maybe even more scared.

So, is China really that scary?

Chieh Cheng
Mon, 6 Jun 2005 19:41:01 -0700

Yeah, China is second in military spending. They spend about $89 Billion dollars compared to our $280 Billion Dollars. (That's expense before accounting for wars.)

I think China will eventually be a great partner. You can't sell to someone if you're fighting against them. China sells a lot of stuff to us ($152 Billion the first 7 months of this year)... so it is really not in their interest to have a war.

From www.census.gov:

http://www.census.gov/foreign-trade/balance/c5700.html#2006

Dan
Wed, 13 Sep 2006 09:03:42 -0700

Add Comment | Related Links | TrackBack
Related Content

Did your message disappear? Read the Forums FAQ.

Add Comment

Spam Control | * indicates required field
Your Name: *
E-mail:
Remember Me!
Comment: *
File attachment is optional. Please do not attach a file to your submission unless it is relevent.
Attach File:
(128 MB Max)
Spam Protection: * Answer of 8 - 3?
Click button only once, please!

TrackBack

TrackBack only accepted from WebSite-X Suite web sites. Do not submit TrackBacks from other sites.

Send Ping | TrackBack URL | Spam Control

No TrackBacks yet. TrackBack can be used to link this thread to your weblog, or link your weblog to this thread. In addition, TrackBack can be used as a form of remote commenting. Rather than posting the comment directly on this thread, you can posts it on your own weblog. Then have your weblog sends a TrackBack ping to the TrackBack URL, so that your post would show up here.

Messages, files, and images copyright by respective owners.

Latest Discussions RSS
All Discussions

News Search
Site Search

RSS Render

7026 Users Online



Copyright © 2004 - 2021. All Rights Reserved.